Wills---------last will and testament

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Odie
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Wills---------last will and testament

Post by Odie »

I am making a new will.

when you say that someone can have monies from your bank account, do you have to say what the account numbers are?

or just state the Banks name and phone number?

and if the second one is correct.....will the bank be upfront and honest if you have more than one account?



thanks!
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CARLA
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Wills---------last will and testament

Post by CARLA »

To my knowledge you have to be very exact with the banking information because if your not it goes into probate and the state takes years to figure it out.

I have a living will and have my cremation already paid for. If anything changes I go back and make the updates and then have it notarized and signed again by witnesses.

If you doing this on you own there are sites on the internet that can walk you through it. Or for a small fee you can fill it out online and print it. Either way the devil is in the details.
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minks
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Wills---------last will and testament

Post by minks »

name address phone number of your financial institute and account numbers are a must.

This only helps speed the process when it comes time to deal with your accounts.
�You only live once, but if you do it right, once is enough.�

― Mae West
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along-for-the-ride
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Wills---------last will and testament

Post by along-for-the-ride »

Try this link, Odie, for more information.

Making a Will | The online guide to making a will
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Odie
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Wills---------last will and testament

Post by Odie »

minks;1194140 wrote: name address phone number of your financial institute and account numbers are a must.

This only helps speed the process when it comes time to deal with your accounts.


thanks, as I added all bank account numbers......just in case.
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Odie
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Post by Odie »

along-for-the-ride;1194154 wrote: Try this link, Odie, for more information.

Making a Will | The online guide to making a will


thanks!

hmmmmmmmm now that's strange......never mentioned bank account numbers.
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chonsigirl
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Wills---------last will and testament

Post by chonsigirl »

It wouldn't hurt to mention them, Odie.

I wrote out my will last year, it was a hard thing to do. Not the stuff to put in, just doing it.
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Odie
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Post by Odie »

chonsigirl;1194242 wrote: It wouldn't hurt to mention them, Odie.

I wrote out my will last year, it was a hard thing to do. Not the stuff to put in, just doing it.




I did write them in.....just in case.



guess doing mine was easy....as I had done one with my first husband, second husband...and now this one.



sorry it was hard on you.:-4
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Victoria
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Post by Victoria »

Yeah be careful and very precise in how you word stuff.

After funeral expenses. My brother left his entire estate to his daughter to be held in trust until she was 21 the trustees to be my mother and other brother.

What he did not realise was an insurence via his work (in service policy?) did not count as estate.

So my mum has no say in the matter and his ex is now in charge of the money. She has said she will put it in an account for my niece but has already been on holiday to Spain has had her garden re-done, bought my niece a puppy and is planning a trip to Kenya for a safari holiday...



43,000 pounds and its shrinking rapidly....21? I doubt there wil be any left by the end of the year at this rate.
gmc
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Post by gmc »

Odie;1194113 wrote: I am making a new will.

when you say that someone can have monies from your bank account, do you have to say what the account numbers are?

or just state the Banks name and phone number?

and if the second one is correct.....will the bank be upfront and honest if you have more than one account?



thanks!


Why not use a lawyer. Don't know about canada but if you write your own will in the UK it still has to go to the probate court to be accepted as legal-it's cheaper, easier and less likely to cause problems to get a lawyer involved from the beginning because you will have to get one involved whether you like it or not. It's a specialist field make sure you et one that knows what he or she is doing. See about putting any life assurance policies in trust as well.

You have to be specific about the bank- state all current and future bank accounts otherwise of you open a new one and forget to alter the will the money gets lost. There are milllions in bank accounts that the owners have forgotten about-same with savings policies that people pay for a while and then stop and forget about -legacy policies that the insurance companies here are keen to get their hands on and the chancellor is for raiding them as well. In the UK and maybe Canada as well (I don't know) any unclaimed assets belong to the crown-and I do mean the queen
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Odie
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Post by Odie »

gmc;1194351 wrote: Why not use a lawyer. Don't know about canada but if you write your own will in the UK it still has to go to the probate court to be accepted as legal-it's cheaper, easier and less likely to cause problems to get a lawyer involved from the beginning because you will have to get one involved whether you like it or not. It's a specialist field make sure you et one that knows what he or she is doing. See about putting any life assurance policies in trust as well.

You have to be specific about the bank- state all current and future bank accounts otherwise of you open a new one and forget to alter the will the money gets lost. There are milllions in bank accounts that the owners have forgotten about-same with savings policies that people pay for a while and then stop and forget about -legacy policies that the insurance companies here are keen to get their hands on and the chancellor is for raiding them as well. In the UK and maybe Canada as well (I don't know) any unclaimed assets belong to the crown-and I do mean the queen


A lawyer would charge me 1,000.

There are legalized on-line wills, separation, divorce, actually anything you need legally done, for Canada, US and all countries and their laws.

My will cost me 49.00.........

It takes you through everything...step by step.....you can type in anything you want, delete anything that you don't need or want....

Then is shows you how to preview, edit, and print.

All you need is either 2 friends, or clergy to witness......

you can ask a lawyer to witness.....but again, that costs you money.

It is also there for 2 years in case I need to make further changes.....and you can also make that 2 years longer.

A lawyer would charge for editing each time.



I have included all Banks, phone numbers, account numbers.

did the same with my investments.



thanks!
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gmc
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Post by gmc »

Odie;1194433 wrote: A lawyer would charge me 1,000.

There are legalized on-line wills, separation, divorce, actually anything you need legally done, for Canada, US and all countries and their laws.

My will cost me 49.00.........

It takes you through everything...step by step.....you can type in anything you want, delete anything that you don't need or want....

Then is shows you how to preview, edit, and print.

All you need is 2 friends, family or clergy to witness......

you can ask a lawyer to witness.....but again, that costs you money.

It is also there for 2 years in case I need to make further changes.....and you can also make that 2 years longer.

A lawyer would charge for editing each time.



I have included all Banks, phone numbers, account numbers.

did the same with my investments.



thanks!


That is pretty steep mirror will here is £150 unless there is something really complicated about the estate-it costs more than that to get a will accepted at the probate court if you've just stuck it behind the clock or something.
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Odie
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Post by Odie »

gmc;1194439 wrote: That is pretty steep mirror will here is £150 unless there is something really complicated about the estate-it costs more than that to get a will accepted at the probate court if you've just stuck it behind the clock or something.


It is really high here in Toronto, is has to do with it being a major huge city.



I would say, average, 700.00 to 1,00.00 for a will, and that means really checking around.
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Patsy Warnick
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Post by Patsy Warnick »

Odie

If your doing the Plan/documents yourself - as stated be very percise.

very detailed as possible.

Recommendation

if possible - appoint 2 as executive/trustee to make sure your wishes handled.

Remember - a executive of a will does not have to follow through with your wishes. And MOST DON'T - GREED

Appointing a executive is giving that person POWER of ATTORNEY, legal access to all.

Make several copies of your document - give a copy to a trusting soul.

I would suggest legal aid of some type to inspect the finished document

the wording alone can and has been in court...

be careful - good luck - think about appointing 2 .....the only way to go...!!:-6

Patsy
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Odie
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Post by Odie »

Patsy Warnick;1194899 wrote: Odie

If your doing the Plan/documents yourself - as stated be very percise.

very detailed as possible.

Recommendation

if possible - appoint 2 as executive/trustee to make sure your wishes handled.

Remember - a executive of a will does not have to follow through with your wishes. And MOST DON'T - GREED

Appointing a executive is giving that person POWER of ATTORNEY, legal access to all.

Make several copies of your document - give a copy to a trusting soul.

I would suggest legal aid of some type to inspect the finished document

the wording alone can and has been in court...

be careful - good luck - think about appointing 2 .....the only way to go...!!:-6

Patsy




I have appointed my youngest son he is 33.



trust me, he will follow through.

4 copies were made......just in case god forbid, I outlive him.



thanks.
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Patsy Warnick
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Post by Patsy Warnick »

Odie

are you having a tough time dividing & deciding?

I wouldn't know really where to begin.?

I don't think my family wants my crap - or if I was doing the right choice?

I don't know ?

I need to make a will also - I've thought about it long enough.

Glad you have a good trusting soul (son)

you seem very close - how cool for the both of you..

Patsy
mikeinie
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Post by mikeinie »

Odie;1194113 wrote: I am making a new will.

when you say that someone can have monies from your bank account, do you have to say what the account numbers are?

or just state the Banks name and phone number?

and if the second one is correct.....will the bank be upfront and honest if you have more than one account?



thanks!


Don’t even worry about it, just leave everything to me and I will take care of everything.
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Odie
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Post by Odie »

Patsy Warnick;1194906 wrote: Odie

are you having a tough time dividing & deciding?

I wouldn't know really where to begin.?

I don't think my family wants my crap - or if I was doing the right choice?

I don't know ?

I need to make a will also - I've thought about it long enough.

Glad you have a good trusting soul (son)

you seem very close - how cool for the both of you..

Patsy


my family is small, I have two sons and one brother and SIL.



dividing was not a problem concerning my second son.:(

and the things in my home, my brother and SIL wouldn't want them as their tastes are different than mine.

You really do need a will, and if you noticed my earlier post.......its now so easy to do, no high lawyers fees, just do it on-line.



I have always had a will......when my dad passed away when I was 13.....he had never made a will........it took my mom 3 years to access anything.;)
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Odie
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Post by Odie »

mikeinie;1194924 wrote: Don’t even worry about it, just leave everything to me and I will take care of everything.




so I can depend on you?:sneaky:
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Nomad
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Post by Nomad »

I dont mean to be crass but can Nomad look forward to some bling anytime soon ?
I AM AWESOME MAN
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Odie
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Post by Odie »

Nomad;1198201 wrote: I dont mean to be crass but can Nomad look forward to some bling anytime soon ?


oh god yes, definitely........I give my money away before I die!:guitarist:guitarist:guitarist



now......what will you do for me?:sneaky:
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