Stuff You Should Know SYSK Selects: How Wills Work
Sep 14, 2019
Wills can come in all forms—from the serious to the bizarre—and knowing how they work is essential. The hosts break down the legal essentials, emphasizing the importance of consulting professionals. They sprinkle in humor while discussing memorable films from 1979 and the complexities of inheritance laws. Unique scenarios arise, including oral wills and eccentric bequests, showcasing the lighter side of estate planning. Listener anecdotes add a personal touch, making the topic of wills both engaging and enlightening.
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Legal Review
- Have an attorney review your will, even if self-drafted, to ensure legality.
- State laws govern wills, so verify compliance with your state's specific requirements.
Will Essentials
- Include essential information like your name, spouse and children's names, and how to treat step/foster children.
- Specify your executor, alternate, their powers, and asset distribution instructions.
Sound Mind
- Being of sound mind when creating a will means knowing you own property and who your relatives are.
- It also entails not hallucinating or exhibiting signs of severe mental illness.