I think the most important thing is making sure the assets are not tied up in probate. With a will, it makes sure everything is spelled out and there are no questions.
A testamentary trust is the best method for making sure the assets are allocated to the kids if something should happen to both of you.
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Return to “Transferring gun via last will and testament”
- Sun Sep 16, 2007 8:21 pm
- Forum: General Gun, Shooting & Equipment Discussion
- Topic: Transferring gun via last will and testament
- Replies: 23
- Views: 4040
- Sun Sep 16, 2007 8:09 pm
- Forum: General Gun, Shooting & Equipment Discussion
- Topic: Transferring gun via last will and testament
- Replies: 23
- Views: 4040
I think the most important thing is making sure the assets are not tied up in probate. With a will, it makes sure everything is spelled out and there are no questions.
A testamentary trust is the best method for making sure the assets are allocated to the kids if something should happen to both of you.
A testamentary trust is the best method for making sure the assets are allocated to the kids if something should happen to both of you.
- Sun Sep 16, 2007 6:46 pm
- Forum: General Gun, Shooting & Equipment Discussion
- Topic: Transferring gun via last will and testament
- Replies: 23
- Views: 4040
I just went through revising our will. Our lawyer stated if there was anything we wanted to give specifically to a family member (jewelry, etc.) to list it out on a separate piece of paper, who it is to go to, sign and date it. He didn't state to do it, but I think I would have it notarized also. That would make it less questionable if there was anyone who contested the will.
Unless your estate is over the $2M mark, there shouldn't be any issue as to itemizing except for those specific items.
Unless your estate is over the $2M mark, there shouldn't be any issue as to itemizing except for those specific items.