Posted by John T Country Lawyer on March 12, 2012 at 17:25:18 from (66.87.4.97):
In Reply to: Ot post: wills posted by JayinNY on March 12, 2012 at 16:43:53:
Okay, heres what to do CONSULT A LOCAL ATTORNEY WHO PRACTICES IN THE FIELDS OF WILLS, TRUST AND PROBATE NOTTTTTTTTT LAY OR EVEN PROFESSIONAL OPINIONS POSTED HERE.......If your know it all brother in law or Billy Bob are of the opinion you should do such and such wellllllll they, like persons here including myself, may be right???? if youre willing to take that risk, its your call.
"A living person has no heirs". If you die intestate, the laws of intestate succession for your state determine who inherits your "estate" assetts. Typical would be your spouse and your issue followed wayyyyyyyy down the line by siblings etc if none of the the favored herirs survive you.
If you wish them to pass to persons other then "heirs" (what the State says by its laws) then you need a Will.
If an assett passes outside of probate by operation of law that makes a will or intestate succession unnecessary. If say your real etsate is owned by the entirities, the survivor owns it upon your death NO PROBATE NECESSARY......
If you wish them to pass outside of probate, then they need to pass by operation of law, such as joint ownership with full rights of survivorship or that they pass per terms of a Trust.
I prepare Trusts, or Wills, or do neither and perhaps plan for assetts to pass by operation of law which is another method to avoid probate
SOOOOOOOOOO see to answer your question a trained competent professional is in my opinion the best to interview you and plan for whats best to suit your needs and that just cant be done here.
Best wishes and God Bless, this is the best advice I have to offer
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - On the Road with Dave Gohl: Auction Musings - by Dave Gohl. I was thinking the other day about all the auctions I've been to in the last few years. There've been many. Some have been very good, some have been well, disappointing to say the least. But no matter how good or bad auctions may be, we always seem to stay until the item we've come for or are interested in is on the block. I've been to some auctions near and far. I think the furthest has been the Two Cylinder 7 in the Amana Colonies last year. Lots of stuff, lots of people. I've also atten
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
