Valentino's will leaves his half of his probate estate to a testamentary trust in which his wife and child are income beneficiaries, and his children the remainder beneficiaries. The will gives the remainder of his probate estate outright to his child. Valentino wanted to be assured that both his wife and children received some part of his estate while incurring minimal estate administration fees. Valentino has a gross estate of $2 million. Since the will was drafted, Valentino has had second thoughts about the way he decided to distribute the assets of his estate.

Does Valentino need to consider amending his will? Explain.

Answer rating: 100% (QA)

Based on the information provided it seems that Valentinos primary concern is to ensure that both hi... View the full answer