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I'm going to do it.
#8411636
10/09/21 04:03 PM
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Joined: Nov 2006
Posts: 14,033
John2
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After browsing in my bank I suddenly realized if something happened to me and the wife the state or somebody would get everything in there.I was shocked to say the least !.We don't have a will or anything so I decided to put our daughter in our checking and savings accounts so if anything should happen she can draw everything out without a penalty and close all accounts.I also need to add her on our savings at another place.Both vehicles are paid for so no problem there and she can do whatever with the house.We are old but still in fairly good health but a accident can change everything and I don't want the state or gov to get a damm penny !!. What would ya"ll do and no I don't want/need a will.
Not all those that wander are lost..
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Re: I'm going to do it.
[Re: John2]
#8411645
10/09/21 04:08 PM
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Joined: Apr 2005
Posts: 19,814
TurkeyHunter
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I read you don’t need a will. Why not? You can make up a simple will.
Anyone you add to the account better be highly trusted.
To be determined
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Re: I'm going to do it.
[Re: John2]
#8411647
10/09/21 04:11 PM
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Joined: Jul 2008
Posts: 33,350
bigbob_ftw
Big Sprocket Bob
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Big Sprocket Bob
Joined: Jul 2008
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Get a will. No sane reason not to.
Ultra MAGA '24.
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Re: I'm going to do it.
[Re: TurkeyHunter]
#8411654
10/09/21 04:18 PM
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Joined: Nov 2006
Posts: 14,033
John2
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I read you don’t need a will. Why not? You can make up a simple will.
Anyone you add to the account better be highly trusted. Our daughter is 60 and is very successful,doesn't smoke don't do drugs and usually limits alcohol to dinner and a few on weekends.If I didn't trust her I wouldn't put her on the accounts.
Not all those that wander are lost..
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Re: I'm going to do it.
[Re: bigbob_ftw]
#8411655
10/09/21 04:19 PM
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Joined: May 2009
Posts: 24,354
dkershen
Rev Dave
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Rev Dave
Joined: May 2009
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Get a will. No sane reason not to. Yep. Even a simple "Ma & Pa" will printed off of Legal Zoom or some other free site is much much better than dying without anything. Guy that lives behind me died without a will and his property (40 acres) is in it's 9th year of probate and has 52 distant relatives fighting over it. Lawyers are the only people that make money in that case. Why line a lawyers pockets with your estate dollars??
To be sure of hitting the target, shoot first and call whatever you hit the target.www.NewHopeEquine.com - Health and Healing through Horses.
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Re: I'm going to do it.
[Re: John2]
#8411656
10/09/21 04:23 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
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You can't over-ride community property.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: I'm going to do it.
[Re: John2]
#8411668
10/09/21 04:33 PM
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Joined: Nov 2006
Posts: 14,033
John2
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On a will,can't somebody contest it if they get left out ?.
Not all those that wander are lost..
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Re: I'm going to do it.
[Re: John2]
#8411670
10/09/21 04:37 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
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My wife made a codicil to our will leaving all her share of community property to my daughter. My daughter and I worked it out where I still controlled the savings which has doubled since my wife died.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: I'm going to do it.
[Re: John2]
#8411687
10/09/21 05:01 PM
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Joined: Sep 2011
Posts: 1,683
Walkabout
Pro Tracker
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You must really be sore with your daughter. Has nothing to do with trust. Do you have any idea what she will have to through to close your estate in the state of Texas.....without a will? Educate yourself before you put your daughter in such a position. For Gawd sake man take care of your responsibilities.
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Re: I'm going to do it.
[Re: John2]
#8411703
10/09/21 05:19 PM
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Joined: May 2015
Posts: 4,140
Dalee7892
Extreme Tracker
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My wife passed long time ago. I remarried did not probate the property deed, she had 3 children I wanted my new wife on the deed. Holy sh!ts, tho do this $2000 for layers to get things settled. Do the WILL, better safe than sorry. Just my opinion.
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Re: I'm going to do it.
[Re: John2]
#8411705
10/09/21 05:19 PM
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Joined: Oct 2010
Posts: 2,870
topwater13
Veteran Tracker
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Joined: Oct 2010
Posts: 2,870 |
On a will,can't somebody contest it if they get left out ?. If you’re worried about contestants, then a will can only help. Provide details to a lawyer you trust and go from there.
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Re: I'm going to do it.
[Re: Dalee7892]
#8411707
10/09/21 05:21 PM
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Joined: Oct 2010
Posts: 2,870
topwater13
Veteran Tracker
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My wife passed long time ago. I remarried did not probate the property deed, she had 3 children I wanted my new wife on the deed. Holy sh!ts, tho do this $2000 for layers to get things settled. Do the WILL, better safe than sorry. Just my opinion. Yeah, if a will isn’t probated, it opens a whole different can of worms regardless of what the will says.
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Re: I'm going to do it.
[Re: bill oxner]
#8411710
10/09/21 05:24 PM
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Joined: Sep 2004
Posts: 12,420
RedRanger
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You can't over-ride community property. PreNup or PostNup Over rides
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Re: I'm going to do it.
[Re: John2]
#8411711
10/09/21 05:25 PM
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Joined: Dec 2020
Posts: 596
Catperch
Tracker
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Tracker
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My dad has several low end properties. I don't even know where all of them are. He's single and also is a tool and equipment hoarder. I've begged him to get a will. Even offered to pay for it. Told him to even leave everything to my sister, i didn't care, just don't put me in the nightmare situation it is going to be when he croaks. I'm dreading having to figure all that out. My wife and I have had a will since my first child was born and I was 28. I don't understand how folks work their whole life to let the state decide what to do with their estate!
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Re: I'm going to do it.
[Re: John2]
#8411728
10/09/21 05:38 PM
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Joined: Feb 2021
Posts: 556
SRPI89
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Tracker
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Couple of things here:
If you and your wife die intestate (without a will), the state does not automatically seize your assets. Whom ever ends up with them after the tedious process will have to pay estate taxes. The government gets their pound of flesh no matter how we try to avoid it.
If you die intestate, your assets will go to your closest next of kin (in this case, your daughter) unless you have another child, in which they would be divided evenly. She would have to go through a process to close your estate, and depending on the complexity of the estate, the county in which you and your assets reside, and the ever present “out of the woods claimants”, even the simplest of estates can take months to close.
Get a will. Even the simplest of living will simplifies the process of closing your estate and will save your loved ones hours of time and anguish.
I’ve dealt with hundreds of families with parents or grandparents who died intestate and we needed to lease the minerals. So many times, someone says, “well, grandpa said all the minerals were supposed to go to me, and here’s a hand written note to that effect”. Those are worthless. If it’s not a written and witnessed will (need 2 witnesses), any and all assets go through the process of going to the next closest of kin.
I’ve only ever encountered one person with an estate that went to the State. She was the only child of parents who were only children. She married an only child who’s parents were only children. Her and her husband died in Washington, and her minerals (in a really good spot) went to the State unclaimed royalty account.
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Re: I'm going to do it.
[Re: John2]
#8411754
10/09/21 06:09 PM
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Joined: Nov 2008
Posts: 8,375
LoneStarSon
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2008
Posts: 8,375 |
On a will,can't somebody contest it if they get left out ?. You can specifically exclude people from inheriting and they won't be able to contest it. You should contact Uncle Zeek on the TFF...
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Re: I'm going to do it.
[Re: John2]
#8411771
10/09/21 06:21 PM
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Joined: Nov 2006
Posts: 14,033
John2
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Well,I guess I need a will.
Not all those that wander are lost..
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Re: I'm going to do it.
[Re: John2]
#8411777
10/09/21 06:35 PM
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Joined: Sep 2004
Posts: 12,420
RedRanger
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Well,I guess I need a will. Make sure you have two witnesses
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Re: I'm going to do it.
[Re: Catperch]
#8411930
10/09/21 08:43 PM
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Joined: Oct 2012
Posts: 25,272
Creekrunner
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My dad has several low end properties. I don't even know where all of them are. He's single and also is a tool and equipment hoarder. I've begged him to get a will. Even offered to pay for it. Told him to even leave everything to my sister, i didn't care, just don't put me in the nightmare situation it is going to be when he croaks. I'm dreading having to figure all that out. My wife and I have had a will since my first child was born and I was 28. I don't understand how folks work their whole life to let the state decide what to do with their estate! I spent a good chunk of my adult life figuring out and simplifying the mess left by my grandfather, and to a lesser extent, my dad. And they both had wills. Be as firm with your dad as you can and tell him to not leave you a mess. My kids won't even realize it, but I'm leaving them a huge gift in the form of simplicity.
...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
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Re: I'm going to do it.
[Re: John2]
#8411934
10/09/21 08:51 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
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Posts: 91,416 |
I have my daughter as a signature on my checking account in case or emergencies. She has never used it but could if I were unable.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: I'm going to do it.
[Re: John2]
#8411980
10/09/21 09:40 PM
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Joined: Nov 2009
Posts: 69,193
NORML as can be
^^Cut the Cord^^
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^^Cut the Cord^^
Joined: Nov 2009
Posts: 69,193 |
I put my daughter on all accounts. I sold my house and two others to her years ago I don't own anything when I pass nothing will change it will be like I was never here..
(R-TX) .-- " TCNN CURL CRLB VFF VRNO AYR SNDL CGC TLRY MSOS "
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Re: I'm going to do it.
[Re: John2]
#8411982
10/09/21 09:43 PM
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Joined: Dec 2009
Posts: 9,830
The Dude Abides
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2009
Posts: 9,830 |
Get a will….like everyone is advising you to do.
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
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Re: I'm going to do it.
[Re: NORML as can be]
#8411983
10/09/21 09:43 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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I put my daughter on all accounts. I sold my house and two others to her years ago I don't own anything when I pass nothing will change it will be like I was never here.. Don't sell yourself short. You will br fondly remembered on THF.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: I'm going to do it.
[Re: The Dude Abides]
#8412010
10/09/21 10:03 PM
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Joined: Feb 2014
Posts: 986
Bandit 200 XP
Tracker
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Tracker
Joined: Feb 2014
Posts: 986 |
Get a will….like everyone is advising you to do.
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Re: I'm going to do it.
[Re: John2]
#8412012
10/09/21 10:08 PM
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Joined: Dec 2011
Posts: 5,833
Lazyjack
THF Trophy Hunter
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THF Trophy Hunter
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Posts: 5,833 |
Still need to see s lawyer. Pay a consulting fee if just are not ready to pull the trigger. Learn enough to make smart decisions.
Pay on death options are not probate, items, at least with my lastest experiences. You can set your bank account with a person as an authorized siganature or as a co-owner. A co-owner is a pay on death transfer. No lawyer no court.
Again get informed.
If the 2nd amendment was written just to include guns for hunting, why is there not an amendment to protect fishing poles?
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