Do you think it's better to list out only a few things as specific bequests on a will or to list out a lot? I know the ultimate will be up to me as it's my will and I can list out all I want. But I'm interested to what your answers are? Trying to identify many specific items is a way to be thorough, but it's a pain to do, and by the time I die, the stuff that I list today might have broke by then. Yet, do only list out a few things make me feel like I'm forgetting something and someone. Thanks.
2006-08-11 12:53:10 · 7 answers · asked by QueAndAy 1 in Business & Finance ➔ Personal Finance
Good for you for even thinking about tying up the loose ends LONG before they happen!!!
1. You can list as many bequests as you want in your will.
2. Be sure the person(s) you have selected as your Executor/Executress are trustworthy and reliable enough to see that your wishes are carried out EXACTLY as you wish....despite their own personal feelings!!
3. Be sure to review your will and all estate planning documents on at least an annual basis. Life has a funny way of sneaking up on you....you know what they say: Life is what happens when you are making other plans!!
My best advice: KISS!! Keep It Simply Simple!!!!
Don't get fancy, but don't set things up so they are subject to 'interpretation'. Make your wishes clear and succint!!
4. NO GRAY AREAS!!!
5. Make sure your will (and all Estate Planning Documents) are properly and legally executed....otherwise you will leave a MESS behind.
Nothing is uglier or more painful that having families fighting over someone's china dish!!!
I know all this first hand...several times over!!!
2006-08-11 13:02:33 · answer #1 · answered by onthecoach 2 · 0⤊ 0⤋
I think you should do as many as is necessary. If you have many items that you want a particular person or persons to enjoy after you're gone, then by all means make the specific bequests. With specific bequests there is no question about who will get what. Someone might get their feeling hurt a little bit, but it could help avoid long lasting and nasty family squabbles.
2006-08-11 13:00:00 · answer #2 · answered by Adios 5 · 0⤊ 0⤋
You are allowed to have as many bequests as possible and be as specific as possible. If you feel that you'd like to see your bequests in place prior to your death, construct a trust. P.S. This is what I do for a living...
2006-08-11 13:02:08 · answer #3 · answered by ladylaw_912 4 · 0⤊ 0⤋
Sufficient to take care of everything and everybody.
Could be 2, could be 216
2006-08-11 12:58:56 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No ducking allowed! Get busy and write every detail down then give it to a lawyer to write-up
2006-08-11 12:56:41 · answer #5 · answered by dt 5 · 0⤊ 0⤋
you can put as many specific requesta as you can write .I have probated wills of great complexity that have had as many as 1800 specific requests .
2006-08-12 05:30:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋
19 usually.
2006-08-11 12:58:40 · answer #7 · answered by da_hammerhead 6 · 0⤊ 0⤋