Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [will]

47 questions
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If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?

I have a car, both me and by grandpa are on the title. As I cannot get loan on my own, my grandpa is my cosigner. My grandpa is almost 90, and chances are he may not be around till the loan is paid off. I have been paying on my car loan for almost…
JWea417
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Looking after a wayward brother in mother's will

My brother has a problem with money; twice personally bankrupt, 3 marriages and 2 kids (from the 2nd marriage). Our mother is getting old and getting worried. She worries that if she wills him money, he will spend it and nothing will be left for…
bendecko
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Making a basic will without an attorney

I've been reading that wills for the "basic" scenario is pretty much a cut-and-paste at the attorney's office. Rather than spend the money with a lawyer (300-600USD) I thought I'd look into a DIY solution. Are there websites that supply…
Fixee
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Should I set up a family trust?

I'm setting up a will in the near future and trying to decide if a trust is the right way to go. I'm in my thirties, married, and have two small children. Our assets consist of our home (mortgaged), 401(k)'s, IRA's, some mutual funds, and shares…
Matt Solnit
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What's the normal course of events when someone who owes on a mortgage dies?

Alice owns a house she lives in and has a mortgage on it. She unfortunately dies, owing money on the mortgage. Her son Bob inherits the entire house. Assuming nothing too far out of the ordinary, what happens to the mortgage? Is it automatically…
DJClayworth
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Will says "divide estate equally". Life insurance has one named beneficiary. Can proceeds be made estate property?

If a parent dies and leaves a will that divides the estate equally, but also leaves a life insurance plan that names only one child as a beneficiary, can the other siblings force the life insurance proceeds to become part of the estate? And if so,…
sharon
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How to set up passive income from investments for children?

Let's imagine the following: Mr. Leopold is an investor. He managed to save fifty million rubles by investing by now. He has children, but he is afraid that they will waste all his fortune after he dies. He wants to let his children receive a…
Жёлудь-мистэ́р
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8
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2 answers

Locating all the deceased's assets in the UK

Is there anyway, in the UK, for an executor of a will to locate all the deceased person's assets? Or, to put it another way, how can one be sure that all the deceased person's assets have been located? For example, suppose Mr A owns a 5-year bond…
Derek Jennings
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If the beneficiary of a Will is implicated or convicted of the deceased murder, does the Will still stand?

Honestly, I don't consider this to be a valid concern to my own financial planning, but having had the thought, I just wondered whether there are automatic provisions in law to nullify or remove murderous beneficiaries, or if one would have to add…
Andrew
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How should minor children be listed as IRA beneficiaries?

I've heard conflicting information on how minor children should be listed as beneficiaries of an IRA. (And perhaps for life insurance.) This is where there is a testamentary trust to provide for the child in the case of the death of both…
bstpierre
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When should I start thinking about a will?

What would happen with my savings on a bank account and personal property in a case of death? I don't have a family, only a brother and separated parents. Do I need to think about a will?
serg
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Am I required to have a lawyer create / oversee creation of my will?

While specific to my current state of residence (Kentucky), I'm wondering in the general case for the US. Am I required to have a lawyer create / oversee writing my and my wife's wills? What do I need to do to properly ensure the document is…
warren
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Will my daughter, a USA resident, owe Taxes on a UK inheritance?

My daughter, who now lives in the USA, has inherited some money from her grandmother in the UK. It is approx £25k. Will she be liable for any tax when it gets transferred to her USA bank account?
Ian
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Should an IRA be disclaimed to allow it to be distributed according to a will?

My father recently passed away and left me as executor of his estate. His intention was to leave my mother 50% of his estate and my sister and me 25% each. He had told us this verbally and also had it documented in his will. However, the majority…
FDRobinette
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Any reason not to use a trusted friend known to my family as a will/estate executor?

I am not married and have no children, which means the handling of my personal property and finances in the tragic event of my death is less cut and dry than if either of those existed. I am putting together a living will to handle end of life care,…
Glorified Plumber
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