Without a Will, you can’t take advantage of certain planning opportunities
that can reduce estate taxes and protect your assets for your family.
Married people often think that a simple Will that leaves all of their
assets to their spouses is an adequate estate plan. Usually, it’s not.
Such a Will can pave the way for a substantial federal estate-tax bill
at the death of the surviving spouse.
In addition, a simple Will can’t address concerns you may have about
how well your heirs will be able to manage your assets or what may happen
to your business after your death.
In addition to a Will, you may want to include other planning strategies
in your estate plan.