planeflyer21 Posted April 10, 2015 Report Share Posted April 10, 2015 As a few of you know Monday my friend Debbie died, widowing my friend Ed. Looks like this is going to be a major clusterphuck, with most everything in Debbie's name only. That means a long, drawn out probate for estate in AZ, a community property state. No will, no agreement for living on a relative's property, no agreement for payment for improving said property, and on and on. Like Dave says "It is a FACT 100% of humans die...you need a will." You also need Power of Attorney, instructions for what you want done after you die. Debbie was not under a doctor's care, this is a total blindside...one day she's here, the next she isn't. Could be you, or me, or a spouse/parent/child...to die or be left behind. Get the appropriate paperwork done! Quote Link to comment Share on other sites More sharing options...
Malig8r Posted April 10, 2015 Report Share Posted April 10, 2015 Have had a will since I was 19 and reviewed/updated it as needed...usually just before deployment. Also have a living will with clear instructions: vegetable = pull the plug! I agree: make sure you have the proper paperwork in order because you never know when it's your turn! Quote Link to comment Share on other sites More sharing options...
mrmackc Posted April 10, 2015 Report Share Posted April 10, 2015 Yes it is a mess even with a good up to date will. It is a mega-mess without a Will. You are at the risk of having the state decide what happens. Quote Link to comment Share on other sites More sharing options...
blue109 Posted April 11, 2015 Report Share Posted April 11, 2015 I need to get on this crap. my wife isn't even on my house. bought it before we got married Quote Link to comment Share on other sites More sharing options...
shepp Posted April 11, 2015 Report Share Posted April 11, 2015 (edited) Feel for your friend that's gotta be horrible. Just the fact he lost his wife then her family has to be like that?!? when my cousin passed my dad had me set up a life insurance policy, yet to have a will I should really do that but I've got no brothers or sisters to get greedy over my poop Edited April 11, 2015 by shepp Quote Link to comment Share on other sites More sharing options...
NTXshooter Posted April 11, 2015 Report Share Posted April 11, 2015 Sorry to hear about your friends. Wills are a minimum, trusts are better. Trusts don't have to go through probate, wills do. Estate planning is a must. Another good idea is a joint banking account with a trusted relative (son or daughter). Once the bank hears a person has passed, they freeze all of the bank accounts. With a joint account, your relative has access to cash to cover expenses. Quote Link to comment Share on other sites More sharing options...
mrmackc Posted April 11, 2015 Report Share Posted April 11, 2015 (edited) It is a good idea to have a life insurance policy, they don't have to be probated and come in handy for your main heir to take care of final expense s and to retain a lawyer to probate a will. My wife is having to probate her single brother's will in Colorado and is his beneficiary to his life insurance and she used it to pay funeral expenses, probate the will, sell his house and two cars and has already spent over $12,000, and isn't finished yet. Nothing else except the life insurance, goes to her until the probate is completed. Edited April 11, 2015 by mrmackc Quote Link to comment Share on other sites More sharing options...
unforgiven Posted April 11, 2015 Report Share Posted April 11, 2015 Sorry to hear about you'r friend brother,tommorrow is promised to no one.Got my paper's in order and someone to help dispose of my arms so the wife get's a fair price.I'm ready for the last ride,just hope I'm not next in line.You just never know. <dontknow> Quote Link to comment Share on other sites More sharing options...
planeflyer21 Posted April 11, 2015 Author Report Share Posted April 11, 2015 Sorry to hear about you'r friend brother,tommorrow is promised to no one.Got my paper's in order and someone to help dispose of my arms so the wife get's a fair price.I'm ready for the last ride,just hope I'm not next in line.You just never know. <dontknow> Thanks brother Rene. You are right...the other day a woman in a big black BMW rolled right into the intersection in front of me, didn't even tap the brakes. T-boned the dude in front of me. Nobody died but it happens fast. Quote Link to comment Share on other sites More sharing options...
392heminut Posted April 12, 2015 Report Share Posted April 12, 2015 My wife and I really need to get a will done. We have one son who we want nothing to go to because he would piss it away in no time. I am also seriously considering putting ALL my guns on my trust rather than just the Class 3 stuff. Quote Link to comment Share on other sites More sharing options...
sketch Posted April 12, 2015 Report Share Posted April 12, 2015 Will is gtg as per a couple years ago. Also moved from 401k to Ira. Quote Link to comment Share on other sites More sharing options...
unforgiven Posted April 12, 2015 Report Share Posted April 12, 2015 I was remiss in not adding ....that God welcomes Debbie into heaven with open arms. Quote Link to comment Share on other sites More sharing options...
Zebra644 Posted April 14, 2015 Report Share Posted April 14, 2015 Sorry for your loss, probate stirs up the hornets nest when people want property I have had to deal with one to many civil issues over it. Quote Link to comment Share on other sites More sharing options...
blue109 Posted April 14, 2015 Report Share Posted April 14, 2015 when my grandmother died I started hearing about all the fighting between her children. (not my dad, he's been blacklisted and excommunicated lol) seems even with paperwork greedy family members still have an opportunity to fight for what they feel they are owed. a lawyer called me one day and told me I was named in the will and had a say in the proceedings. I told him to never contact me again. about a year later I got a $3000 check in the mail. Quote Link to comment Share on other sites More sharing options...
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