Comments on: We Need a Will

By: FMF

FMF — Thu, 22 Dec 2005 14:21:21 +0000

Jeremy — we do the same thing. It works well.

By: Blaine Moore

Blaine Moore — Thu, 22 Dec 2005 13:15:10 +0000

Good advice, Jeremy.

By: Jeremy

Jeremy — Thu, 22 Dec 2005 02:54:12 +0000

In most jurisdictions, wills are not recorded with the county. My wife and I have a fireproof box in which we keep our will, birth certs, passports, etc… Make certain that you provide the combo or a copy of the key to someone you can trust (eg, a parent or sibling) and tell them where to find the wills in the event that you or your wife cannot access the will when necessary. While you’re at it, it’s not a bad idea to have a copy (not the original) in a safety deposit box for you to reference if you lose the original.

By: nickel

nickel — Fri, 24 Jun 2005 03:54:42 +0000

Regarding the will vs. revocable living trust issue, I have no idea. I chose a will because that’s what I’m familiar with. I’ll have to look into other options, as well.

By: Joshua Kersey

Joshua Kersey — Thu, 23 Jun 2005 21:58:31 +0000

Why did you choose a will over a revocable living trust? Does a will not get recorded with the county like a RLT ? I’m in the insurane industry and I see more and more people changing to trusts. I haven’t done either yet, however one of them’s on my list and I figure I’d start with the will first since it’s the cheapest, but Suze Orman says to do it as soon as possible.

By: nickel

nickel — Fri, 17 Jun 2005 03:33:59 +0000

That’s a great question, Keith. You definitely don’t want to keep the original in your safe deposit box, although you may opt to put a copy there. We will probably keep ours in a fireproof lock box in our house. If you have an attorney, another possibility would be to have them keep it. Whatever you do, make sure that you tell people (executor, guardian, etc.) where it is so they know where to look.

By: Keith

Keith — Thu, 16 Jun 2005 23:56:26 +0000

One question: what do I DO with my will once I’ve written it? Do I have to register it somewhere? Do I just keep a copy in my safe?

Also, while we’re on the topic, here’s a great article that I came across recently with a checklist in what’s needed to live a fully documented life: http://www.fool.com/news/comme.....040801.htm

By: The Complimenting Commenter

The Complimenting Commenter — Thu, 16 Jun 2005 20:18:16 +0000

Not really advise, just a congrats. I think that more people should think about this and make sure everything’s straight. People avoid it because they don’t want to think about it. Way to go! Very good advise for everyone out there.