Legal Question in Product Liability in New Jersey
Estate Planning -
I am remarried with two children. I have a son who is 18 from a prior marriage. I am working on our wills and I was wondering whether it makes sense to split my part of the estate in thirds and my wifes in half. For instance, if the house is worth $900K, I would split my portion - $150K each and our joint kids would get $375K. How do I insure that if I go first than my son will get some estate payout but I don't want to leave my wife without enough. Should I just earmark a portion of a life insurance policy for him? Should he get any of the house sincehe really never lived here but it is a big part of my estate. I certainly would not want to force a sale.
1 Answer from Attorneys
Re: Estate Planning -
This is not a question that can be answered based upon these facts. You will have to sit down with an attorney to draft a will that will safely address your needs.
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