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Old 03-29-2020, 06:15 AM
 
1,493 posts, read 799,860 times
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Quote:
Originally Posted by tijlover View Post
I still don't have any will, and every time I think I've finally found someone I want to will it to, something causes me to stall and stall once again. I was thinking of willing it to 1 or 2 of my nieces, and they're both Trump supporters. No way! I'd rather will it to a Bernie-loving homeless person than give it to them.
I would will it to your nieces!
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Old 03-29-2020, 06:57 AM
 
Location: East Mt Airy, Philadelphia
1,119 posts, read 1,466,199 times
Reputation: 2200
Quote:
Originally Posted by tijlover View Post
I still don't have any will, and every time I think I've finally found someone I want to will it to, something causes me to stall and stall once again. I was thinking of willing it to 1 or 2 of my nieces, and they're both Trump supporters. No way! I'd rather will it to a Bernie-loving homeless person than give it to them.
It's a shame that politics has wormed its way into decisions like this (maybe it always has, but a comment like the above just doesn't seem that unusual these days). You don't have to pass down assets to a person - reputable organizations whose work you support could be the beneficiaries.
The last sentence has meme potential ... "I'd rather will my money to <xxxx> than give it to my Trump-supporting nieces."
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Old 03-29-2020, 10:02 AM
 
Location: Greenville, SC
6,219 posts, read 5,950,051 times
Reputation: 12161
Quote:
Originally Posted by abcdef123 View Post
I am planning to execute my last will.Can anybody help me to understand, please? I am planning to move out-of-state end of this year so I know I need to make changes after my move so I am planningto go with cheapest option legal zoom.
LegalZoom partners with legal firms - pay the extra $$ and choose one of their last will & testament plans that includes consultation with lawyers.
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Old 03-29-2020, 10:21 AM
 
106,779 posts, read 108,997,702 times
Reputation: 80235
My opinion is any law firm that needs to partner up with legal zoom for business likely is not one I would likely use
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Old 03-29-2020, 10:55 AM
 
20,955 posts, read 8,692,373 times
Reputation: 14051
Quote:
Originally Posted by abcdef123 View Post
I am planning to execute my last will.Can anybody help me to understand, please? I am planning to move out-of-state end of this year so I know I need to make changes after my move so I am planningto go with cheapest option legal zoom.

1.I have 2 young kids so can I add limit on withdrawal from bank account/Investment account per month? Can I do that with a last will? I don’t want them/guardian to take all the money and spend it in a day.

2. If both parents die, will the kids get social security benefit until they reach 18? My husband has over 40 quarters of payroll and I have only 20 quarters.
You need a trust - likely - if you are going to get into limited withdraws.

Saving money on making the will is not advisable if you actually have things (like a couple 100K) in total value.
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Old 03-29-2020, 10:59 AM
 
20,955 posts, read 8,692,373 times
Reputation: 14051
Quote:
Originally Posted by tijlover View Post
I still don't have any will, and every time I think I've finally found someone I want to will it to, something causes me to stall and stall once again. I was thinking of willing it to 1 or 2 of my nieces, and they're both Trump supporters. No way! I'd rather will it to a Bernie-loving homeless person than give it to them.
Many people tend to think different if they don't have living children or a spouse. If you die without a will, of course, the state will figures something out (which may include the relatives), so you may want to will to a Homeless Charity or to a bunch of charities to save the trouble.

Another angle might be to leave for the education (in state universities only) of the next generation after your nieces. Education is always a good thing and will likely result in decent outcomes.

Some of each would work too...depends on the bucks you have.

Of course, you won't be around to worry much about it.....which is somewhat of a benefit.

We just finished ours in Dec, 2019....as far as a complete will and trusts and everything else needed. I rest a bit easier.
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Old 03-29-2020, 11:07 AM
 
Location: NJ
23,878 posts, read 33,601,389 times
Reputation: 30786
Quote:
Originally Posted by tijlover View Post
I still don't have any will, and every time I think I've finally found someone I want to will it to, something causes me to stall and stall once again. I was thinking of willing it to 1 or 2 of my nieces, and they're both Trump supporters. No way! I'd rather will it to a Bernie-loving homeless person than give it to them.
Really? For that one reason alone you wouldn't leave it to them? Are they responsible, hard working nieces with good values?

You really should do something as is being mentioned. My old neighbor who was like a grandfather to me thought he had a will but it wasn't accepted for some reason. His niece had to sell everything and give a portion to every niece and nephew even those he didn't like. It was a huge mess and a headache.
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Old 03-29-2020, 02:59 PM
 
2,634 posts, read 3,696,127 times
Reputation: 5633
Quote:
Originally Posted by tijlover View Post
I still don't have any will, and every time I think I've finally found someone I want to will it to, something causes me to stall and stall once again. I was thinking of willing it to 1 or 2 of my nieces, and they're both Trump supporters. No way! I'd rather will it to a Bernie-loving homeless person than give it to them.

I'm laughing because I was pretty much you for years. Then one day when a married couple/friends of mine were getting their affairs in order, they mentioned that they were surprised to find out that doing their wills was a little unnerving. And I realized that that's primarily why I had been avoiding getting my stuff together.

I am not at all afraid of death. Decades ago I was in a horrible car accident and almost died -- took me a year to recover. Have never been afraid of death since. HOWEVER, there is nothing like doing our wills that reminds us that our days are numbered. For a lot of us -- no matter what we've gone through before in our lives (I even lost an adult child) -- there is nothing like a Will to remind us -- those of us who are old and elderly -- that we have FAR more days behind us than we do in front of us.

You need to get your will done. Get it done. You can always revise it every six months if you want.
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Old 03-30-2020, 10:40 AM
 
Location: Greenville, SC
6,219 posts, read 5,950,051 times
Reputation: 12161
Quote:
Originally Posted by mathjak107 View Post
My opinion is any law firm that needs to partner up with legal zoom for business likely is not one I would likely use
All the criticisms of LegalZoom I've found come from lawyers. Gee, what a surprise. A will isn't exactly rocket science - and some here have deeper pockets that can afford to hire a lawyer. I don't.
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Old 03-30-2020, 11:06 AM
 
106,779 posts, read 108,997,702 times
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Quote:
Originally Posted by Vasily View Post
All the criticisms of LegalZoom I've found come from lawyers. Gee, what a surprise. A will isn't exactly rocket science - and some here have deeper pockets that can afford to hire a lawyer. I don't.
A Will can be a minefield when the words are not correct. ....not once but 2x we ran in to issues with defective documents .....two different issues , different people but both wills done by general practitioners that had flaws in their documents ...which by the way our experienced estate attorney saw immediately when we showed him the documents ......there is nothing easy when it comes to no do overs in these documents.

Everything is easy until it isn’t .....nothing is ever a problem until it’s a problem

Last edited by mathjak107; 03-30-2020 at 11:19 AM..
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