There is an old saying that you can't choose your family. In the context of estate planning, however, you can choose the family to whom you leave your assets. For some people, this might include choosing to leave someone out of a will so that he or she does not benefit from any gift or inheritance.
If you are like millions of other Americans, you have some debt. You might have credit card debts, student loans to repay or a mortgage and car to pay off. If you have these and other debts when you pass away, they won't just disappear, so it is important to know what happens to debt after a person's death.
For most people, a home is more than a piece of property. A home can be a place where you grow your family and find happiness, and owning a home can be a sign of success and comfort.
Just about every adult can benefit from having a will in place. Even a simple will can provide peace of mind to the testator (the person completing the will) and his or her loved ones by making arrangements for the distribution of assets.