As parents age, families sometimes struggle with how to best keep their parents’ financial affairs in order. One common approach is for aging parents to put one or more of their children on their investment accounts, bank accounts and real property.
Thanks to the Internet, everyone has the ability to draft wills, trusts and a variety of other legal documents. Many documents can be produced for less than $100, requiring only a few mouse clicks and filled-in blanks.
The father of my three children died with no will. We were divorced. He owns a house and was married in the Philippines about two years ago. However, his new wife has not been given entrance to the U.S. What happens to his estate?