Q: Does my father need a will?
My father has recorded beneficiary deeds for all of his land and houses. He has also added TOD to his vehicles. He has given all of his other assets (furniture etc.) away to someone within the family. My mother preceded him in death and they had a will together with different terms, such as the division of their assets should they die together. My father being the survivor of their will inherited everything. My question is, does he need a new will? The only debt he might have is a small credit card balance, otherwise he owns everything free and clear. He doesn't want the hassle of creating a trust but wants his family to avoid probate.
A: I would encourage him to update his will.
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