Discussion Do you have a will set up

[Raven2]

I naively thought I could just leave all my account details and log ins for my family to access my bank accounts and withdraw the money.

I have looked into setting up a will, I dont have any property but I do have a bit in savings that I would like to leave to certain members of my family when I pass and also for a good chunk of it to be spent on my funeral. I think the best way forward is to go directly to a solicitor. I've read I need at least 1 or executors which will be family but i dont know how to go about asking them permission to be one without arousing suspicion. Certain family members are aware of suicidal ideation

Do you have a will set up? Was it straight forward to get one?

 

[Silent Raindrops]

Nope. I'm leaving nothing behind. Everything I had, I've either given away, or gave to Goodwill.

 

[Linda]

Yes, and I have had one since I had enough assets for it to matter. In many jurisdictions you can write a will yourself, but if you are not certain of how to go about it then get a lawyer to do it for you. If your wishes are simple, like "I leave everything to my husband" it won't cost much. If you are legally an adult, the lawyer won't ask why you want to write a will - and in the unlikely event that they do ask just say something like "Every adult should have a will". It's also a good idea to get a legally certified copy of the will (or whatever the equivalent it is your jurisdiction), keep either the original or certified copy yourself, and have the other stored in a safe place, e.g. held by your lawyer. Doing that makes it harder for anyone who doesn't like the terms of your will and who might try to destroy it

 

[Gonnerr]

Yes its a hand written will , it works here in my country and the province i live in. BC and PEI dont recognize it.

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A holographic will is a handwritten will created and signed by the testator without the help of any mechanical processes. Learn more about holographic wills.

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[Raven2]

Yes its a hand written will , it works here in my country.

That's easy, doesnt work like that here has to be official paperwork

 

[Gonnerr]

I naively thought I could just leave all my account details and log ins for my family to access my bank accounts and withdraw the money.

I have looked into setting up a will, I dont have any property but I do have a bit in savings that I would like to leave to certain members of my family when I pass and also for a good chunk of it to be spent on my funeral. I think the best way forward is to go directly to a solicitor. I've read I need at least 1 or executors which will be family but i dont know how to go about asking them permission to be one without arousing suspicion. Certain family members are aware of suicidal ideation

Do you have a will set up? Was it straight forward to get one?

You can always give your money before ctb. It will trigger warning for the person who receive it but you can always lie and tell you won at the lottery and you want to give a little bit.

Or you can use bank transfer and choose a date after ctb date. I don't think they can do anything about that but im no specialist.

 

[Grav]

Yes I have one. Depending on your location and amount of assets the expertise goes up. If you've got $50 in savings and have family it'll probably work with a self will you get off the net (assuming that's legal where you live) but if you have rights to anyone like a child, property, or anything say $500USD+ then a lawyer should do it. Basically what will people fight over or deny your wishes about should be legally protected. If you don't have a will in the US it goes to probate and that can be a pain.

 

[outrider567]

Yes, I've had a Will for long time, updating it along the way--my entire estate goes to Charity

 

[Raven2]

You can always give your money before ctb. It will trigger warning for the person who receive it but you can always lie and tell you won at the lottery and you want to give a little bit.

Or you can use bank transfer and choose a date after ctb date. I don't think they can do anything about that but im no specialist.

I did think of that but I think that would be a red flag to give away beforehand.

I would be worried I'd fail ctb and have to ask for the money back that would be awful.

Yes I have one. Depending on your location and amount of assets the expertise goes up. If you've got $50 in savings and have family it'll probably work with a self will you get off the net (assuming that's legal where you live) but if you have rights to anyone like a child, property, or anything say $500USD+ then a lawyer should do it. Basically what will people fight over or deny your wishes about should be legally protected. If you don't have a will in the US it goes to probate and that can be a pain.

I dont have a massive amount but I've checked with my bank and I'm under the limit so that my executor does not have to prove they have been given the legal right to deal with my estate. So should be simple enough. I think solictor is best way to deal with it only a few hundred to get it done officially

 

[Gonnerr]

I did think of that but I think that would be a red flag to give away beforehand.

I would be worried I'd fail ctb and have to ask for the money back that would be awful.


I dont have a massive amount but I've checked with my bank and I'm under the limit so that my executor does not have to prove they have been given the legal right to deal with my estate. So should be simple enough. I think solictor is best way to deal with it only a few hundred to get it done officially

Lol , me too, i thought about it , if i fail and they wont give my money back im in worst position.

That's why a will is better , you need to be 100% dead to proceed.

 

[Raindancer]

Yes, I have had one for awhile.

 

[UKscotty]

If you have anything of real value, I'd do it properly way in advance of CTB.

Anything hand written by someone about to CTB is unlikely to be accepted and pass the of sound mind test.

 

[Forever Sleep]

Yes, via a solicitor and my solicitor will be the executor. Yes, it's simple. I basically emailed them, describing what my wishes were. They wrote it in legal jargon. I went in to the office to read through it. Signed, countersigned by one of their assistants. Job done.

Obviously more expensive than doing it yourself- I think it cost a few hundred pounds. Still, I prefer to know my family won't have to deal with all that crap. My solicitor will arrange a house clearance service too and I plan to prepay for a direct cremation so, I'm hoping they won't have to do anything but enjoy what little is left of the inheritance.

 

[Dr Iron Arc]

No but it's not like I have assets valuable enough to mandate a will be written. I will still try to make an unofficial one to leave out any ambiguity on where some of my games and other meager possessions should go but if that still ends up causing some weird conflicts, it won't be my problem anymore. Maybe I can still get that type of will legally notarized anyway somehow. We'll just have to see.

 

[mortuarymary]

Yes I do.
Just what I want for funeral etc and where my assets are to be divided. Having just come into a divorce settlement I was advised by my solicitor.

 

[Raven2]

Yes, via a solicitor and my solicitor will be the executor. Yes, it's simple. I basically emailed them, describing what my wishes were. They wrote it in legal jargon. I went in to the office to read through it. Signed, countersigned by one of their assistants. Job done.

Obviously more expensive than doing it yourself- I think it cost a few hundred pounds. Still, I prefer to know my family won't have to deal with all that crap. My solicitor will arrange a house clearance service too and I plan to prepay for a direct cremation so, I'm hoping they won't have to do anything but enjoy what little is left of the inheritance.

I am not sure whether to make the solictor the executor or family members. I dont really want to alert the family by asking them.
Do you know how much your solictor will charge for being the executor?
I've read it could be £1000 upwards?

My circumstances are not complicated just a bit of money in savings and a car. Money to be paid for my funeral and the rest to be shared out equally.i have a few sentimental items also that I would like to give someone.

 

[LaVieEnRose]

No because I have no estate to speak of.

 

[cold_severance]

no, i have nothing of value. even if i had id just burn everything down when i go.

 

[Forever Sleep]

I am not sure whether to make the solictor the executor or family members. I dont really want to alert the family by asking them.
Do you know how much your solictor will charge for being the executor?
I've read it could be £1000 upwards?

My circumstances are not complicated just a bit of money in savings and a car. Money to be paid for my funeral and the rest to be shared out equally.i have a few sentimental items also that I would like to give someone.

I don't actually know how much they charge for being an executor. I imagine a pretty penny but I've also witnessed how stressful it is to do it. My Dad has been named a few times. Obviously, they take their fee from the 'estate'. You don't pay upfront. Plus, the amount will obviously vary as to how complicated it is. You could ask them. I'm sure they'd tell you.

Kind of depends on how you feel your family will react. If they are likely to follow just a list of wishes or, if they are likely to squabble. My family manage to squabble even when there is a will! Hence, I just think it would be better to have an outside person dealing with it- who's word is final.

As for making people suspicious, it might not necessarily. I was in my early twenties when I made my first will. I'd inherited money from my Grandma. Most of which disappeared into my education in the end. Still- if people know you are suicidal then, it might make them suspicious maybe.

I've made two wills and neither solicitor asked me to justify why. But, my answer would have been that my Mum died young, so it seemed sensible to get my affairs in order early on. They don't care though... you're paying them!

Obviously, you are supposed to inform the person you intend to make executor but, I'm not sure they have to winess the will. I don't think it's a legal requirement to tell them. More a courtesy type thing.

 

[Cara7177]

I naively thought I could just leave all my account details and log ins for my family to access my bank accounts and withdraw the money.

I have looked into setting up a will, I dont have any property but I do have a bit in savings that I would like to leave to certain members of my family when I pass and also for a good chunk of it to be spent on my funeral. I think the best way forward is to go directly to a solicitor. I've read I need at least 1 or executors which will be family but i dont know how to go about asking them permission to be one without arousing suspicion. Certain family members are aware of suicidal ideation

Do you have a will set up? Was it straight forward to get one?

A will? The bank account is overdrawn, there's $20K in credit card debt, and I own nothing.