10 questions adult children should be asking their parents this holiday season
Do you have a will?
Think of your will as your voice from the grave. In this document, you name an executor who will be in charge of carrying out your wishes, which you state in the document. If you have minor children, you can name a guardian for them. You can also set up trusts in your will for beneficiaries who are minors or who are disabled.
If you don’t have a will, the state’s intestacy laws will take over and mandate who inherits your estate. To ensure the people you want to inherit actually do inherit, you should make sure you have a will and, from time to time, review it to make sure it meets your wishes.