I plan to have a will written regarding who gets what percentage of my total savings in several banks. Questions: (1) Must the lawyer know the bank names? (2) account numbers? (3) balances in the accounts? (4) What’s the minimal information the lawyer must know?
2006-10-12 07:21:30 · 10 answers · asked by gesn 1 in Politics & Government ➔ Law & Ethics
He does not need to know account numbers or balances. You can say "I leave to Joe 10% of the money that I have in ABC Bank only. I leave to Mary 10% of the money I have in DEF Bank only."
2006-10-12 07:24:42 · answer #1 · answered by kny390 6 · 0⤊ 0⤋
The lawyer needs enough information only to find what you leave. The bank and branch for the accounts will be sufficient if they are in your name. The account numbers are not needed because you may open other accounts which will also be part of your estate, the balances would be useless because they will change.
2006-10-12 07:26:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The lawyer don't have to know anything, except that you wish to give so much percent of your total wealth or your total bank accounts to this person or that person.
Since over the next few years you can change banks and accounts.
So to actually write the will they don't have to have this info, that info is not in the exact will.
But the administator of your estate will have to know that info, and normally the banks where the money is and the account numbers will be on a form attached to the will. ( you will have to update it as you change banks)
A will without knowing where the money is, is worthless.
You may have a bank account where no one ever finds the money,
2006-10-12 07:27:55 · answer #3 · answered by Anonymous · 1⤊ 0⤋
1) no, but it helps
2) no, but it helps
3) no, but it helps
4) (a) the percentages of "gifts" to your beneficiaries, (b)a sufficient description of the "gifts" (that means, some clear, incontrovertible indication of which bank account, what percentage and to whom) and (c) the names of the beneficiaries.
In some states you can create your own, holographic will, without an attorney. Read the link below for more information, but be aware that the laws do vary state to state.
2006-10-12 07:29:30 · answer #4 · answered by Shibi 6 · 0⤊ 0⤋
you are able to write your very own will, and it does not even could be typed. even with the undeniable fact that, there are formalities which would be adhered to, without or with criminal expert, handwritten on a grocery sack or typed. those formalities are a rely of state statute, so no longer understanding what state you're in, no one here can inform you what they're. they might desire to do with particular words for use to make it sparkling that the Testator intends it to be a will, no rely if or no longer they intend to revoke previous wills easily or revoke them on condition that this one is admissible to probate, or purely regulate and amend previous wills, and so as that they have got standards for the style of witnesses, skill and no rely if or no longer they could be family contributors of the Testator, or named interior the necessity to boot being witnesses, and then there is the desireable Self Proving Affidavit.... criminal professionals do no longer frequently fee plenty for this. Get it carried out appropriate. in case you will no longer try this, a minimum of pass to an place of work furnish keep and get a Will equipment. those frequently consequence in a criminal will. frequently.
2016-10-02 05:47:16 · answer #5 · answered by ? 4 · 0⤊ 0⤋
It's not necessary, but it would help. The more specific you are, the easier it will be on your estate's personal representative, which would probably be your spouse or oldest child. However, you can specify that a third party be the PR in your will.
2006-10-12 07:24:58 · answer #6 · answered by Chris J 6 · 0⤊ 0⤋
No, the person you name Executor of the Will should be given this information. Or write it down and let the Executor know where they can find this information should something happen.
2006-10-12 07:29:59 · answer #7 · answered by Chick with pets 4 · 0⤊ 0⤋
He doesn't need to know any of that stuff. In the bequest section, just say something like "I give, devise, and bequeath all of my property wherever located along with all rights and interests which I may be entitled to devise and bequeath to xxxxxxx"
2006-10-12 07:25:04 · answer #8 · answered by Brand X 6 · 0⤊ 0⤋
of course they have to know the bank names and account numbers. do you want your heirs to have to guess where the money is?
2006-10-12 08:32:40 · answer #9 · answered by WishICouldTellU 2 · 0⤊ 0⤋
Give him/her all the information requested if they say they have malpractice insurance. But generally I agree with "no, but it helps"
2006-10-12 15:58:48 · answer #10 · answered by Byron W 3 · 0⤊ 0⤋