Cost versus Satisfaction Irving and Irma Lansing are making plans for the distribution of their assets after they die. They have wills, but they want to make sure that they are using the right type of will to maximize the benefits for the surviving spouse and their four grown children. The estimated value of their estate is currently $1.4 million. However, most of their assets are in high-risk stocks, which can vary greatly in value depending on economic conditions and the stock market.
Write About It Help Irving and Irma by writing a summary of the benefits and drawbacks of the four main types of wills. Identify which type would be best for them.