Estate Planning

Estate Plans Aren't Just for the Wealthy

Submitted by Prism Financial Planning, LLC on December 10th, 2014

Estate Planning

Scenario 1: A couple in their 40's have one child and modest savings. They're comfortable with having all their assets pass to the surviving spouse should one of them die. Mom gets a $400,000 inheritance at her parents' death. Mom dies and Dad inherits all his wife's assets, as planned. One year later Dad remarries.