24
Feb

Do You Have A Will Or Trust Prepared?

   Posted by: jude   in Home and Family

No one likes to think about unpleasant things and most of us put off making wills until the last minute. Bill still doesn’t have one nor do I, but he’s been thinking a lot about it lately because of my Son’s death and the mess my DIL is finding herself in right now. For some odd reason he thought that everything would automatically go to his spouse even though he didn’t have her name on anything, but that isn’t proving to be the case and he didn’t even bother to give her power of attorney.

Of course he thought he had a couple of years to make everything okay, but none of us know when our time will be up and if we haven’t even made a will we make it very hard on our loved ones that are left behind. My Son had such big dreams and I’m sure if he had been given more time he would have made everything right. Apparently she has even had a hard time getting death certificates so she can file for Eric’s Social Security for herself and Ethan.

I found that hard to believe so I filed for his death certificate online on the 19th of Feb and I received it in the mail on the 23rd. I did see that the funeral home signed it on January 23rd and the doctor didn’t sign it till Feb. 4th. He died December 29th and was buried on the 2nd of Jan., why in the world would these people mess around for so long knowing that his family needed SS benefits to survive on till they figure out what they are doing? Makes no sense to me what so ever.

His SSI check was suppose to start Feb. 19th and he would have received back benefits from the time he filed. I am hoping that these 2 will at least be able to get things cleared up and at least receive a portion of that. She needs to make a list and start checking these things off one by one. First priority is getting Ethan’s birth certificate and getting his social security card, the death certificates so she can file, gathering up all titles, to the van, motorcycle, travel trailer and go see a lawyer and find out what she needs to do.

That’s what has Bill worried right now because he doesn’t want to leave me in the same mess if he should go before me and since we are life partners and not married I would have even less rights than DIL and commonwealth states have weird laws compared to others. He asked me to look up information online so I’ve been reading about revocable living trusts compared to a regular will that would have to go through probate and be subjected to inheritance tax and whatever else.

With the living trust he could make me 1st beneficiary and then his Daughter and Son 2nd and 3rd and it would go to them after my death, at least I would then have a roof over my head without worrying about living on the street. It’s not easy getting old and worrying about everything that goes along with it. Like I said no one knows when their time will be up and it’s not fair to leave without making sure we do everything to make it easier for those we leave behind.

This entry was posted on Tuesday, February 24th, 2009 at 1:31 pm and is filed under Home and Family. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

 1 

I don’t have a will either. I plan on doing what my father did and take it all with me. Screw the kids! Seriously I do need one but just can’t bring myself to consider the reality of it even though I have experienced the mess that happens when one does not have a will.

Jen’s last blog post..Special or Gifted

February 24th, 2009 at 3:54 pm
 2 

Absolutely! Married or not, you both need to make your wishes clear and legal. Also about burial vs cremation, organ donation and so on. Get it on paper, witnessed and filed ASAP.

February 24th, 2009 at 4:03 pm
 3 

Fred and I are not married either. We have each other’s names on the car titles and the manufactured home title and all bank accounts. I will not be eligible for his social security nor the death benefit, (nor he of mine) but both of us have life insurance with each other as beneficiary. I only hope we have done enough.

February 24th, 2009 at 4:34 pm
 4 

As much as nobody wants to think the worse, you really have to plan for it. With Joe’s new job, he no longer had life insurance for me and the kids at work. He and I have additional coverage outside of his job, but I had to go get small policies for the kids–not really life insurance per se, but something to cover burial expenses. Most people don’t think of such things, but dying is expensive!!!

Lin’s last blog post..Happy Trails

February 24th, 2009 at 7:06 pm
 5 

We have wills but I don’t think they are officially filed anywhere. I hate thinking about this stuff. Death is such a huge hassle!!

Karen, author of “My Funny Dad, Harry”’s last blog post..What’s In Your Wallet?

February 24th, 2009 at 10:23 pm
 6 

I keep putting this off, but if you have anything you wished passed to your family no matter WHAT age you are, at the very least you need a will so that your family doesn’t get tied up in the horror that is probate court. Even if you have no appreciable monies, do you have property that you want a spouse or family member to inherit? And do you really feel that your family KNOWS you wishes and will honor them? A minimum level of forethought, such as a will, can prevent a lot of grief.

SolSisters’s last blog post..Improving your etsy pictures

February 25th, 2009 at 2:29 am
 7 

It is so easy to postpone these kind of things (perhaps until it is too late), because there are always so many things to do and you do feel that wills and trusts are for ‘later’, because today I have something that needs to be done before the end of the week.
Other duties come with a clear deadline, and I do not want to put all that aside for something that we might not need for many decades to come. But you are so right. You never know when you need it.
I’m emigrated to live with my husband and actually do not have any rights here if something happens to us. Not even the house. So, I guess it goes back on my to-do list again.

Suzanne’s last blog post..Who are you?

February 25th, 2009 at 4:44 am
 8 

All i have to say is ANYONE who reads this, no matter HOW old you are.. Go out and get yourself some life insurance AND a will. My dad was 53 when he passed, and it was VERY VERY unexpected. And the worse thing is, i KNOW his biggest fear was leaving us without having made arrangements. He passed with NO will, NO live insurance.. All he had was his business which was a 2M a year business.. BUT since it wasnt WILLED to my mom, we had to go through probate, and there was a scarey time where his SUPPOSED best friend who was a logn time employee of his was going to fight it. This guy was a friend of my dad’s since he was in his mid 20′s and I called him UNCLE.> just 2 weeks after my dad passed, he told me mom that my dad said HE could have part of the business if he ever did pass.. We KNEW that was a big fat lie, but it scared the crap out of us.. he could have really fought it and made it REALLY hard for my mom and I to be in control.

The thing is, even people who you THINK are your best friends, are not necessarily going to be your FAMILY’S best friends when you pass. Its a sad thing to think about, but if you REALLY want to make sure your family is taken care of if you were gone, DO IT YOURSELF. Otherwise you are relying on others to take care of your loved ones, and you REALLY shouldnt. I learned that first hand.

Plus, buying life insurance at my age (26) is SOOOO cheap, adn you can keep it fora LONG time. Its just a good thing to have. I love my husband, and if i kicked, he would not be able to keep OUR house.. i would hate to see him struggle.. and the same visa versa.

JUST FREAKING DO IT!!!!!

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February 26th, 2009 at 10:04 pm

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