mathjak107
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 27, 2005
- Messages
- 6,208
we finally got ourselves to an estate attorney to talk about retirement and long term care planning.
we brought our documents we drew up 12 years ago with us and pretty much everything we did had to be re-done as things were out dated or worded wrong for our current situation.
one of the biggest things that obsoleted our old wills were they never took in to account the kids pre-deceasing when grandchildren are involved .
we had noooooooooo granchildren when our wills were first done.
basically it read that if one of our children died their share went to the surving children.
but that is not what we want now ,especially in a 2nd marriage where we each have our own kids.
now we want a deceased childs share to go not to the surving children but we want that childs share to go to their children (our grandchildren)
i suggest you read your wills and see how the wording is, many times the canned forms do not leave things to the grandchildren , the share just goes to the other surviving children and the grandchildren get nothing if their parent died.
in fact we have seen wills by general practioners not even have wording that deals with what happens if a child dies before the parents and their are multiple children in the will.
we had one that omitted that point and it ended up in a costly court battle because the probate court declared the will defective since it involved by wifes deceased first husband dying before his parents.
since other children were involved it did not spell out whether assets went to just the other surviving children or stayed in the deceased persons bloodline and went to their children instead of other family members.
predeceasing is not something that is just automatically dealt with in wills since things typically go from father to mother to kids.
but they rarely spell out what happens if a kid dies before the parents .
we brought our documents we drew up 12 years ago with us and pretty much everything we did had to be re-done as things were out dated or worded wrong for our current situation.
one of the biggest things that obsoleted our old wills were they never took in to account the kids pre-deceasing when grandchildren are involved .
we had noooooooooo granchildren when our wills were first done.
basically it read that if one of our children died their share went to the surving children.
but that is not what we want now ,especially in a 2nd marriage where we each have our own kids.
now we want a deceased childs share to go not to the surving children but we want that childs share to go to their children (our grandchildren)
i suggest you read your wills and see how the wording is, many times the canned forms do not leave things to the grandchildren , the share just goes to the other surviving children and the grandchildren get nothing if their parent died.
in fact we have seen wills by general practioners not even have wording that deals with what happens if a child dies before the parents and their are multiple children in the will.
we had one that omitted that point and it ended up in a costly court battle because the probate court declared the will defective since it involved by wifes deceased first husband dying before his parents.
since other children were involved it did not spell out whether assets went to just the other surviving children or stayed in the deceased persons bloodline and went to their children instead of other family members.
predeceasing is not something that is just automatically dealt with in wills since things typically go from father to mother to kids.
but they rarely spell out what happens if a kid dies before the parents .