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Thread: A ?Legal? Problem

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    A ?Legal? Problem

    I find myself in a position where I need to write a new will - the last one is thirty years old and no longer fully appropriate.

    Herein lies the problem, I can easily write a program that expresses exactly what I want (and, indeed, I have it on the screen in front of me). What I can't do is to write it down in a way that satisfies me that it's unambiguous and legally binding.

    Do you think that the probate office would accept the code?

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    Re: A ?Legal? Problem

    I'm quite certain that it would, yes. Though I still prefer wills with superfluous and olsolete introductions - maybe it could go in as a comment?

    // In the name of God, Amen.
    // I declare this my last will and testament, being of sound mind though weak in body

    etc.
    Nullius in verba|||||||||||
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    Re: A ?Legal? Problem

    What is UK law on wills? Are trusts recognized? Just curious?

    In the US wills are often used for less valuable property while trusts (living mostly) are used for the higher value items like money, expensive jewelry and the like. The difference is that trusts are passed directly along to the holder without any interference and a will must pass through probate court, which can be costly in both time and monetary value. Wills are also easily contested.

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    Re: A ?Legal? Problem

    Quote Originally Posted by Ahso! View Post
    What is UK law on wills? Are trusts recognized? Just curious?

    In the US wills are often used for less valuable property while trusts (living mostly) are used for the higher value items like money, expensive jewelry and the like. The difference is that trusts are passed directly along to the holder without any interference and a will must pass through probate court, which can be costly in both time and monetary value. Wills are also easily contested.
    I know you can set up trusts but I honestly know nothing about them - maybe I should investigate.

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    Re: A ?Legal? Problem

    Quote Originally Posted by Bryn Mawr View Post
    I know you can set up trusts but I honestly know nothing about them - maybe I should investigate.
    Yes, I definitely recommend you do. Attorneys in the US go to great lengths to advise against living trusts because they don't make money off them. And trusts are very simple to do.

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    Re: A ?Legal? Problem

    Quote Originally Posted by Ahso! View Post
    Yes, I definitely recommend you do. Attorneys in the US go to great lengths to advise against living trusts because they don't make money off them. And trusts are very simple to do.
    Thanks for the heads up

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    Re: A ?Legal? Problem

    I just looked at Legal Zoom's website. They make it seem like trusts are difficult and expensive which just isn't true unless you hire an attorney to set it up of course.

    A living trust is a simple document that you list accounts and property in. Legal Zoom describes that as an expensive process of funding the trust. Just plain poop.

    What one might expect from OJ's former attorney Robert Shapiro.

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    Re: A ?Legal? Problem

    Quote Originally Posted by Ahso! View Post
    I just looked at Legal Zoom's website. They make it seem like trusts are difficult and expensive which just isn't true unless you hire an attorney to set it up of course.

    A living trust is a simple document that you list accounts and property in. Legal Zoom describes that as an expensive process of funding the trust. Just plain poop.

    What one might expect from OJ's former attorney Robert Shapiro.
    It looks as though a living trust is unlikely to help but a will trust should do exactly what we want.

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    Re: A ?Legal? Problem

    What's the difference between the two?

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    Re: A ?Legal? Problem

    Register to remove this ad.
    Quote Originally Posted by Ahso! View Post
    What's the difference between the two?
    The first takes effect as soon as it's enacted whilst the second only takes effect at death.

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