Many people think of writing up a will when it’s too late. One will and estate planning survey revealed that only 32% of Americans have a will in place in case something happens. Experts often urge people to get it sorted early, but even if the majority of Americans agree it’s important, they still don’t have a will.
If this husband had it, his current and ex-wife would have avoided a lot of drama. The ex-wife demanded the widow share the deceased husband’s estate with the children from his first marriage. But the woman didn’t feel that was fair, so she decided to ask the Internet’s opinion: should she give something to his other two children?
We reached out to Wealth Consultant Catherine Valega, CFP, and she kindly agreed to comment on the situation. She told Bored Panda more about why estate planning is so important and what financial tools people with children from previous marriages should use. Read her expert insights below!
