1) - How should I open my bank and investment accounts, so that my wife does not automatically get money from them in case of a Divorce?
At the same time, I want the money to go to her and children, as surviving beneficiaries only. Without going into Probate.
Does opening a Individual Account with her as Nominee solve this?
Many times the Investment accounts do not have a Nominee feature.
2) -Does opening a Joint Account mean she will always be entitled to part of it?
3) - What is the order of precedence between a Will, a Account Nominee, and Beneficiaries on Life Insurance?
Of course, if they dont match.
Thanks a lot.