As I've mentioned before, a while back I asked my Facebook peeps to shout out blog topics. I guess I'm a little like Clive Anderson, without the accent and the really funny show. Anyway, my imaginary friend Susan suggested wills and trusts for some reason. I don't know, maybe she's hoping I'll leave her something in mine. Anyway, I think wills and trusts are a pretty boring topic, but as I always say, "give the people what they want." (Actually, I never say that. Mostly I say stuff like "are you freakin' kidding me with this question?" and "get the hell out of my office, I'm busy!" But I digress.)
So here are thirteen things about wills and trusts you might be interested in:
1. You really should have a will. It should be written, and preferably witnessed by two people who aren't getting anything out of it, but if you find yourself on a ship that's going down for the third time in the middle of the Atlantic, one in your handwriting will probably work, even without the requisite number of witnesses. Make sure you write it on something waterproof, though.
2. Number one notwithstanding, if you die without a will, your stuff will not escheat to the state. It'll still go to your spouse, your children, your parents, your siblings, your grandparents, your aunts and uncles, or your cousins, in that approximate order. Honestly, I don't know where people get this idea from, but your family is not going to get nothing if you die intestate. (That's the fancy legal word for "without a will". Now that I've used it I'm going to have to charge you, so anyone reading this should please send me $50.) Pretty much every state has a statute that describes who gets your stuff and in what proportion, in absence of a will. The only way the state gets your property is if you die without a will and without any relatives whatsoever. Of course, if you're worried about Weird Cousin Harold inheriting your house and bothering your neighbors, you might want to see number one, above.
3. Wills don't have to be complex, but they do have to be executed properly, so while one of those will kits might seem like a great way to save a little dough and avoid having to hire some shyster lawyer, if you don't do it right, it might not be valid. Of course, you'll be dead, so you might not care. But then Weird Cousin Harold might get your stuff, and your annoyed neighbors will never come visit your grave.
4. You can't disinherit your spouse, no matter how much you want to. There might be a state or two where you can get away with this, but in every state I've ever checked, there are statutes that provide for your spouse if your refuse to do so in your will. There are some things you can do, but they mostly require the help of a lawyer, and your spouse is still going to get something. Of course, if you really object to your spouse getting anything, you might want to stop and consider what you're still doing married to that person.
5. On the bright side, you CAN disinherit those lousy kids of yours who never call, except to ask for money.
6. Also on the bright side, if you left some stuff to your spouse in your will, and he subsequently became your ex-spouse, but you die before you change your will, he's probably not going to get anything, since most states' laws assume you just forgot to write the bastard out of your will and ignore any provisions for him.
7. You know those scenes in the old black & white murder mystery movies where the family all gathers in the lawyer's office for the will reading and then some shocking fact comes out that breaks the whole thing open? Yeah, there's no such thing as a will reading. The will doesn't have to be officially read to the heirs by a lawyer or anyone else. You just take that sucker and the appropriate legal documents down to the probate court and file it. Then anyone who wants to check and see what they got can trot on down there and have a look. That's a lot less dramatic, though, especially if you've ever seen a probate clerk's office.
8. Have I mentioned that wills and trusts is really boring topic? Is everyone asleep yet?
9. In the old days, the person who made sure the terms of your will were followed was called your executor. In the really old days, if that person was female, she was called your executrix, which I think sounds pleasantly like dominatrix. Sadly, these days most places refer to both executors (male or female) and administrators (the person who takes care of your estate if you die without a will) collectively as personal representative, possibly because people kept getting the wrong idea about exactly what the executrix was supposed to do.
10. Although this may seem counter-intuitive, a video taped will is actually less likely to be valid than a written one. Very few states have statutes providing for multi-media will drafting; most still require good old paper and ink, and two witnesses.
11. My firm once handled an estate dispute between a dead guy's parents and his significant other, over who got his ashes. It was more than a little creepy. If you want someone specific to get your ashes, or be in charge of your remains or handle your funeral, you should be sure and put that in your will, because those kinds of disputes always turn ugly.
12. Despite being a lawyer, having convenient access to a trusts and estates attorney, and really knowing better than this, I don't actually have a will. But if I did, none of you would be getting anything. Except you, dear husband. And not just because I have to. So the rest of you don't need to bother coming to the will reading to see my video taped will.
13. I haven't really said anything about trusts, mostly because there are 87 billion types and variations on trusts, and at least that many reasons for needing or wanting one. So I just have one piece of advice on trusts: If you go to some seminar where some fast talking snake oil salesman convinces you that the cure to all your woes is to put all your property in a trust, PLEASE do not call your attorney ask him or her to set up a land trust for you. That will only confuse the attorney and piss off the researcher he or she passes the question off to. Ask me how I know.
Finally, it should be noted that this is NOT legal advice. It's an attempt at humor. If you need advice on drafting a will or (heaven forfend) a land trust, you need to consult with a lawyer who isn't writing a sarcastic blog in her free time, and preferably one who practices in your state or jurisdiction.