Executing a will... (union, credit, status, money)

[sundrop]

Have a question for anyone that has experience with this type of thing.....

I wonder what the thoughts are in regards to the amount of time it takes to
execute a will. From time of death.....a year, 6 months?

TIA

[gr8doglove]

I know that executing a will can be a long, drawn out process. My husband and I don't have a will for that reason. Instead, we have our house, posessions in a 'trust'. Our savings/checking accounts at the Credit Union have a beneficary named on the accounts should we die (hubby and I have separate accounts.) We own our vehicles separately, and have a out a 'transfer upon death' form filled out so that in the event of our death, all our beneficiary has to do is present our certificate of death to the DMV and the vehicle will be transferred. Our #1 son is going to be doing pretty well one day! LOL

[Tek_Freek]

My mothers will was executed in about a week. Hers was very simple. Basically it said "I'm gone, split it up six ways."

It might depend on what state you live in...

[cruxan]

if you want it to be executed swiftly, just place will in the center of the paper guillotine cutter and slice quickly!! should be painless.

[gr8doglove]

Originally Posted by cruxan

if you want it to be executed swiftly, just place will in the center of the paper guillotine cutter and slice quickly!! should be painless.

But only if one has the WILL to do it!


Your posts are so crazy cruxan.

[sundrop]

LOL !

thanks for the input

[GloryB]

I think the amount of time it takes largely depends on just how much stuff is to be divided and if there are any disagreements along the way between the recipients.

I have asked my parents to please use up ALL their money before they go....so there will be no complications among family members.

[bale002]

Originally Posted by GloryB

I think the amount of time it takes largely depends on just how much stuff is to be divided and if there are any disagreements along the way between the recipients.

This pretty well describes it. Depending on the court calendar, it could take around 4-5 weeks for a will to pass probate. If it is a simple estate, the distribution could be immediate or take several weeks longer.

If there are disputes, anything is possible. I know or have heard of cases that go on for ten years, even into the next generation. The "estate" takes on legal entity status that could, again, last a few weeks or many years.

Originally Posted by gr8doglove

I know that executing a will can be a long, drawn out process. My husband and I don't have a will for that reason. Instead, we have our house, posessions in a 'trust'. Our savings/checking accounts at the Credit Union have a beneficary named on the accounts should we die (hubby and I have separate accounts.) We own our vehicles separately, and have a out a 'transfer upon death' form filled out so that in the event of our death, all our beneficiary has to do is present our certificate of death to the DMV and the vehicle will be transferred.

A combination of trusts, transfer on death (TOD), payment on death (POD), naming of specific beneficiaries, and clearly written contracts are the way to go to avoid the consequences of often quickly outdated and/or vaguely worded wills and avoiding probate.

Good luck!