I am 67 years.....net worth about $1,000,000. Estranged from children....think I will give my two daughters $10,000 each and the rest divided between my significant other and a charity.Since I am single and will be dead when will is read, I don't really care about living trust. I plan to use Nolo Press to make will.My question is who do I give will to so that when I pass on the will is used?I am not sick and don't plan or dying.Patrick
State/Country relating to question: California
Hi, thanks for your inquiry! I have been practicing Estate law for 17+ years and have specific experience with issues like yours. That being said...I am drafting your answer and will be back shortly to post it. Thank you for your patience.
My kids are financially secure
Hi again, and thank you for your patience. Please know that I have been a stage 4 (highest) professional lawyer with the Company for nearly 4 years, and enjoy giving top knotch answers to all of my customers. I am happy to share with you my decades of experience as I donate my time here. Please DO remember to only rate my answer when you are 100% satisfied with my diligence and effort in accordance with your chosen transaction. Until then, please stop and REPLY to me via the CONTINUE CONVERSATION button with the question concern you may still have. I will be happy to continue further and do everything I can to provide you with the service you seek. AND, WHEN YOU DO RATE ME POSITIVELY, PLEASE SEND ME A REPLY LETTING ME KNOW YOU ARE DOING SO, SO WE CAN ENSURE IT GETS RECORDED. THANKS!With regard to your post:
I am 67 years.....net worth about $1,000,000. Estranged from children.. I am so sorry..think I will give my two daughters $10,000 each and the rest divided between my significant other and a charity.Since I am single and will be dead when will is read, I don't really care about living trust. I plan to use Nolo Press to make will.QUESTION: My question is who do I give will to so that when I pass on the will is used? I would give it to whoever is the executor OR, put it in a safe deposit box with a copy to the executor, along with instructions on where to get the original. The executor (who you may choose to be your significant other) will NEED that original to probate the will. She will also have incentive to ensure it gets probated, since she is a beneficiary.
I am not sick and don't plan or dying. Good for you! But it is always good to plan for the unexpected.Patrick
Optional Information: State/Country relating to question: California Already Tried: Nolo press
I assume if we end relationship I can write another will, give it to someone else, and the newest will will be executed.
Yes. That may be a reason to put the original in the safe deposit box, key on your key chain. Executor gets it when you pass. That way, if you choose to change it, you can destroy the old one. Or, you could have a different person be executor (such as a lawyer, who will be probating the will), and just keep the significant other as a beneficiary. Just let her know who the lawyer is so she knows who to alert of your passing. Giving her a copy will suffice, since his name will be on it.
17+ Years of Legal Practice in Estate Law.
Newest will dictates as "last" will and testament. But it is helpful to destroy the old, in case the new one "gets lost" - the old one will not work. It COULD work if no one could produced the newer one.
Thanks for the answers.
I don't mean to offend you....just a suggestion about your photo....a gentle smile and open eyes.
Hi, I am not sure what that means, lol. Do you see a picture where my eyes are closed and a mean smile?
not mean ...the picture of you in red blouse makes you look sleepy...not mean.
I look sleepy? I haven't heard that one yet, but I will definitely take it under advisement when I get the chance to consider alternative photos. But as for sleepy? I am a tad sleep deprived :)
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