Archive for the ‘Living Will’ Category
Married or otherwise.!
If Mother’s Of The World don’t arrange to get the Family Will drafted, ….it won’t get done . Quite often.
With married couples quite often, the Family Will was a simple version where the Will simply states that the property and possession’s will be left to the surviving spouse. If children are involved, then the usual Family Will states that on the passing of the remaining spouse, the property and possessions are to be divided up between the family members.
While that is all encompassing , Wills today take on a far more detailed look and many clauses in the Will are more specific and detailed. Maybe an invalid spouse or child requiring special needs etc. ?
A legal professional will be of immense help as you contemplate drafting a Health Care Proxy and Family Will.
Remember, this is not a dooms day venture. Make this an excellent HOBBY venture to enjoy planning with your family members as you take inventory of accumalated possessios to date and discuss who is planned to get what.
Then, there are two important things to finalize.
1….Contact a Worlds Wills Locations Registry and register the location of where the Family Will is going to be kept so it can be easily found, because a Will that cannot be found, is of absolutely no use!
2….Make it a definet plan to update your Will every two years, because things can change rapidly in that time.
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Congratulations to those who went out of their way to get tested today to determine if they possibly developed Type 2 diabetes in the last while. Good Luck from the Worlds Wills Locations Registry.
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Will Writing
and they are up to the challenge !
Adam Less of adam@propellerdriven.com 0f Kelowna, offers these tidbits :
* A recent USA study, suggests women are the key decision makers for 81% of all purchaese.! In Canada, the percentage is 90% ?
While men in the household may conduct many transactions, its actually the women who have the greatest influence over purchasing decisions.
Scientific studies prove women can read facial expressions better than men.
These same studies show the corpus callousum fibres connecting the left and right sides of the brain are more developed in women, contributing to a woman`s heightened sense of intuition
A University of Wisconsin survey concluded , that women collect and retain 70% more detail than men.
Now leaving the the preparation of the Family Wills, in the hands of the Mother`s of the World, we at long last will have more families preparing their Wills than ever before.
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Only three (3) days left until the Diabetes Risk Test Opportunity created by ther Amercian Diabetes Association .
Does Joint Tenancy or Tenancy by the Entirety avoid a Death Probate ?
Well, sometimes it can :
In the case of a husband and wife who own their assets in joint tenancy or tenancy by the entirety, there’s no death probate when the first spouse dies because title passes automatically to the surviving joint tenant.
However, when the surviving spouse dies, there will be a complete probate on the entire estate.!
The fact that joint tenancy ownership or tenancy by the entirety avoids death probate at the first spouse’s death, it is a small reward for the many other disadvantages of joint tenancy ownership.
It is possible that it can lead to huge unexpected liability when parents and children own assets together.
In community property states/prov’s, it may create a capital gains tax problem.
It may, and can create unintended beneficiaries and often causes gift and death tax problems in some jurisdictions.
For these reasons, many estate planning experts concur that joint tenancy may not be the best planning avenue to follow ?
Identified sometimes as the Perils of Probate, individuals should see and understand the importance of working with a legal professional at all times to be certain to avoid the many pitfalls that could confront any novice attempting to stickhandle around the legality of probate.
This blog constantly reminds individuals to use estate planners, financial planners, lawyers, notaries, trust officers and insurance planners to get the best counsel available today. They are all available , and often give free advice when they are first contacted.
The information often given on this blog, is general information only and individuals should always seek the opinions of their legal counsel before making any legal decisions. The constantly changing legal laws make that necessary.
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ONLY 3 days until your chance to take a Diabetes Risk Test on Tuesday March 23rd. This program is promoted by the American Diabetes Association to remind people to check to see if they are at risk for Type 2 diabetes, as they expect another seven thousand plus new diabetic’s this year.
Will Writing
It is what we know, and fail to act on, that gives us trouble !
Tryon Edwards says “ The secret of a good memory is attention, and attention to a subject depends on our interest in it .”
We rarely forget that which has made a deep impression on our minds.!
With so many families in arrears on completing their estate planning and Wills, it is literaly amazing that couples would pay so little attention to this project to protect their interests and the future of their off-spring !
Surely, the drafting of a family Will is a subject that would create a very deep impression on any couple to get accomplished soonest?
Is there more than just a short attention span preventing many people from addressing this volatile subject ?
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Tuesday March 23rd is the American Diabetes Risk Test day. Take advantage of getting your test.
Power of Attorney, and Wills
YOU CAN MAKE THE DIFFERENCE !
You don’t love me anymore she said ?
And the husband replied, “ I told you when I married you 45 years ago that I loved you, and if anything changes, I’ll let you know ”
The head of the household is doing all of his family a grave disservice when he fails to organize with his spouse a Living Will, or a Health Care Proxy, and a Family Will. He should be treating you and your family with the mutual respect you deserve.
However, don’t make assumptions things will get better.
Simply recognize your husband already has an overloaded schedule and hasn’t the time to slow down and give thought to this badly needed excercise. He is a good man.! But you can take control and arrange to put this process in motion with little effort and relieve him of this responsibility.
No question, you have the smarts, ARE YOU UP TO CHALLENGE ?
Diabetes Risk Test Day, tuesday March 23rd. Will you be a participant ?
In suggestion no.3, we said that an accurate inventory and appraisal of all items had to be made.
Once all the debts and claims have been submitted and approved, they’re presented to the court for approval to pay them from the assets of the estate. Since it is possible that some estates may also have death tax liability, they must stay open until those taxes are paid.
This can be the volatile period of the probate process.
During the entire probate process, disgruntled heirs or those who disagree with the provisions in the Will, can bring a lawsuit in the probate court. This is when someone contests the Will.
They can hold up the distribution of the estate and quite often are used to intimidate heirs into settling cases that really have no merit.
People can minimize some of these difficulties by having a good legal professional work with them in when they begin drafting their Wills and Estate Plans. They will receive the legal guidance to avoid some of these pitfalls.
Only 8 days to finalize your visit to your Doctor for the Diabetes Risk Test day, Tuesday March 23rd, ?
In life, all good things come hard, But wisdom is the hardest to come by ! It is either DO or DO NOT,…There is no TRY?
Did you know:
Each King in a deck of playing cards represents a great King from history Diamonds —Julius Ceasar: Spades—–King David : Hearts—–Charlamagne : Clubs—-Alexander the Great :
Now, being crowned KING of your household, will you want to go down in history as the champion who set out to do the right things for the future of your family ?
It isn’t what we know that gives us trouble………….it’s what we know and FAIL TO ACT ON !
The Ideal Arrangement, is drafting a Living Will, or Health Care Proxy, and a Family WILL, for your protection while you are still alive, but incapable of making your own decisions, and a Family Will that becomes effective upon your demise.
Doing nothing has too many consequences for the family.
Your Diabetes check-up is available Tuesday, March 23 rd.
Family Wills
But fail to act, too few have stumbled upon !
A LIVING WILL, and a FAMILY WILL.
It is very unlikely that you would want complete strangers deciding what to do with your assets after death.
But without a Living Will and a Family Will, the law in your jurisdiction and the probate court will make those final decisions instead, leaving your wife and family in a deplorable position until the probate process is completed. This can sometimes be as long as 2 to 3 yrs after the death.
Without any type of written directions for the family to follow, the transition into their future is in too much turmoil waiting for solutions from the courts.
We really know of no human who would want to put anyone through this anxiety deliberately, and yet so many do by default.
The legal professionals in the worlds complain that failure to complete a legal will and estate plan, is one of mankinds greatest faults.
For years they have urged, cajoled and promoted individuals to complete these two urgent tasks without too much success as more than 80% of the world’s population still do not have estate plans and wills completed.
Can you and your family start promoting this action amongst yourselves and friends so we can get more people to minimize the chaos and pain being suffered by so many as yet unprepared ?
Tuesday, March 23rd, is your chance to determine if Type 2 diabetes has sneaked up on you ? Only 10 days left.
…….with your Will, and full estate planning.
What many, many need but fail to act, is help to begin the process of collecting all the information they will require. Licences, registrations, mortgages, bank loans, birth certificates, marriage license, divorce papers, property titles and locations, etc. and any good financial/legal advisor will explain any others.
Several portions of this blog over the last year has offered simple and easy to follow guidance and direction to valueable sources to help you finalize this very important action for the protection of your family’s future.
A Diabetes Risk Test is suggested you take Tuesday March 23rd. Only 11 days to think about it , and the Worlds Wills Locations Registry offer you congratulations for doing so.
As with merchandise when establishments run out of any product, many at times , offer a customer a raincheck to return later , to pick up a product when new stock has arrived.
However, if one faces an unexpected incident that could threaten their life, they should know there is no raincheck for death. Death has it’s own timetable , and unpredictable. To not be prepared with written directions for the family is one of mankinds greatest faults, and to argue with fate is even worse.
The telephone call from a very distraught young lady was pleading to find out what she might do to get her husband to sit down to quickly get their family Will drafted. She went on to relate that her sister’s 29 yr old husband had just been killed in a horrific truck accident the week before. He had a wife and two young children, had just bought a new home and furniture. But the family had no Will. An older brother was assisting the sister and family in trying to sort out affairs, but hurriedly advised this sister to immediately get to a lawyer to get a Will prepraed.
This corner advised her to contact a financial planner or a notary or a lawyer to get their quick free consultation for direction, and also check on-line with her computer for Wills, Will Planning, or World Will Registries, who also help direct people to get other information.
We also advised this 32 yr old with three young children to try to arrange the first meeting in their own home, because she said her husband did not believe he needed a Will as yet as a 34 yr old.
No one should believe this to be an isolated case.
Unfortunately, this scene happens all too frequently.
On March 23rd, take part in the American Diabetes Risk Test to determine if TYPE 2 diabetes has krept into your system. You might be glad you did ! Only 12 days left.