Quote:
Originally Posted by jayerose
Good evening,
Newly married here in The Villages.
The house is in my name and I had a will drawn up.
Would my husband also need a will?
He has adult children, some mutual funds and bank accounts.
thank you!
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Today, almost all titled assets such as investment accounts, IRAs, and yes personal residences, can be transferred upon death outside a will. Any transfer of assets through a will creates a probate process that is time consuming, confusing and potentially expensive.
Ask your attorney or CFP about TOD or POD registration of assets, or a "lady bird deed" which transfers residential property outside probate.