I will leave my monet to who I want it to go too. do I have to put iit in a safe deposit box with then having the key>? or can I just make it pod to the person who I wish to have it
2006-12-03 11:53:21 · 5 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
Not just property (real estate) go into wills. It is also the allocation of money and personal items, etc. You should have a will saying who or what your money goes to. If you don't, it'll probably go to the state government instead of your family or friends.
2006-12-03 11:58:53 · answer #1 · answered by antheia 4 · 0⤊ 0⤋
As these earlier answers have stated, the will is not just for property, but also to make sure your money is allocated to the proper people in the way that you want, as well as any other affects. It is also a good idea to have a "living will" which is for if you are alive, but incapicitated. For example, if you go into a coma, and have little to no chance of waking from, would you like a doctor deciding what happens? Or would you like to clearly be able to convey your wishes?
2006-12-03 12:11:06 · answer #2 · answered by shaclare 2 · 0⤊ 0⤋
Grace,
If you have any assets (money, furniture, heirlooms, etc.) then you should have a will.
If you do not, the "state" will take all your assets to pay off any outstanding liabilities (bills) that you may have.
2006-12-03 11:58:16 · answer #3 · answered by angelthe5th 4 · 0⤊ 0⤋
You would still need a will to determine the division of your assets.
2006-12-03 12:06:35 · answer #4 · answered by netshark2005 2 · 0⤊ 0⤋
Now days you need more than a will. You need something called a living trust
2006-12-03 12:05:00 · answer #5 · answered by Presh 3 · 0⤊ 1⤋