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re: Okay guys, I need help.
Posted on 11/27/11 at 11:05 pm to lynxcat
Posted on 11/27/11 at 11:05 pm to lynxcat
Living Trust with your wife named as the sole executor.
The trust will be legally bound-and your wife as executor will be as well-to carry out & execute the trust once he's gone.
Will's are easily disputed & tied up in court by people who may-but oftentimes do not even come close to-having a vested interest in a large estate. Sometimes, folks come out of the woodwork when someone passes & they know they had ducats. Friends, neighbors, housemaids, anyone.
If it goes to probate, the judge gets to decide, regardless of what your wife's family member wanted.
I'm not trying to practice law without a license. I saw this work out in real life. Horrible situation, really.
Living Trust with them as co-executors while he's living, & then passed on to her as sole executor with a will-like instruction set for her to follow when he's gone.
The trust will be legally bound-and your wife as executor will be as well-to carry out & execute the trust once he's gone.
Will's are easily disputed & tied up in court by people who may-but oftentimes do not even come close to-having a vested interest in a large estate. Sometimes, folks come out of the woodwork when someone passes & they know they had ducats. Friends, neighbors, housemaids, anyone.
If it goes to probate, the judge gets to decide, regardless of what your wife's family member wanted.
I'm not trying to practice law without a license. I saw this work out in real life. Horrible situation, really.
Living Trust with them as co-executors while he's living, & then passed on to her as sole executor with a will-like instruction set for her to follow when he's gone.
Posted on 11/28/11 at 10:27 am to GFunk
quote:
Sometimes, folks come out of the woodwork when someone passes
This.
My wife thought she was an only child. Then when her dad died 3 years ago an unknown half-sister appeared as if by magic.
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