If my wife dies before me, will she get hit with the 15% on the inheritance tax or the 4.5%?

You are asking a very powerful question, and it's one that I've talked to a couple of state legislators and advocating within our state bar association and legislative services where I think – that there should be a legislative change, because I think it's punitive and it's something that destroys families.

So here are the rules.

From parent to child or grandchild, the tax is 4.5%.

But to somebody else, It is 15%.

Technically, under the law, stepchildren, it's 15%.

A lot of people don't know that.

My question is, if there is such a thing, can you give me a quick rundown on getting my things in place for a will?