Living Will

TweetyBird said:
yea i have 4 will....
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Do you mean you have four wills? What kind of four wills?
 
reba

u dont need to know the reasons, okay .. i have alot reasons during having alot health issues on me right now!, thank you!


TOF
 
TongueOnFire said:
reba
u dont need to know the reasons, okay .. i have alot reasons during having alot health issues on me right now!, thank you!
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Well, you are the one who brought it up. It didn't make sense, so I was trying to understand. :dunno:
 
hi tweetybird i think that reba did NOT mean
to be "nosy" with big nose... i think she was
trying to be helpful i think that if anyone
with 4 wills from the same person is useless
because the court will look at the most
recent will with the signature date...
but if you have four Wills from four different people
then that is a different story.. . thats all
i agree to respect ur privacy...

another reason
reba asked "what kind" i think that you have
four Wills which are very different from "Living Will"
anyway... thats why reba asked... thats all ok ...
 
TweetyBird said:
oh well i have priavte sowwy!
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I was just trying to understand what you meant. I didn't know what you meant about four wills. I never heard of four different kinds of wills. I only know the last will & testament, and the "living will". I didn't know that there are other kinds.

I don't think you meant four last wills & testaments, because a person can only have one of those.

That is why I was confused. I thought maybe it was a typo.
 
Y said:
hi tweetybird i think that reba did NOT mean
to be "nosy" with big nose... i think she was
trying to be helpful i think that if anyone
with 4 wills from the same person is useless
because the court will look at the most
recent will with the signature date...
but if you have four Wills from four different people
then that is a different story.. . thats all
i agree to respect ur privacy...

another reason
reba asked "what kind" i think that you have
four Wills which are very different from "Living Will"
anyway... thats why reba asked... thats all ok ...
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Wow, you and I must have been typing our posts at the same time! :)

Yes, you are right about my meaning. I sure don't want to know anyone's business in their wills!
 
Reba said:
Well, you are the one who brought it up. It didn't make sense, so I was trying to understand. :dunno:
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it not for everyone .. haha.. i was talking to cheri so she undy what i mean! dang.. Cheri knows what my health issues are , etc.. we already met in person in real life and her twin Angel , Roadrunner knows my health issues too .. but i dont tell them what i having on my life isnurance and wills, they dont need to know, i just gave cheri what my opinion is! that's all . thank you to Reba!!

TOF
 
i know that u are not being nosey... i have 4 wills from 4 of member family that they put my name on it.. life ins..
 
i thought wills and life insurance are different policies, they are not same! *confusing*

TOF
 
Yeah. I have that taken care of years ago. Only my mother and step-father know what I wanted to do if I should no longer be myself. It is just wrong to murder anyone when it isn't their time to go!

I don't understand some people here! A Will isn't supposed for people to know, it is intended to be kept strictly confidential!
 
Roadrunner and I were talking about having a living will since Terri's situation but I don't want the doctors or anyone for that matter to removed a feeding tubes out of my body and slowy starve me to death, so I'm going to put that down also, so I don't go thru the same as Terri is going thru now... :(

btw Pomeranian, great thread girl! :kiss:
 
Angel how does roadrunner feel about it if he ever gets on life support. Would he wanna go in peace? or stay on life support?
 
does having a living will cost money? life insurance cost money? can u create your own living will without having a lawyer or wahtever cuz lawyer cost money too... im curious i know money is not a big deal but it is when ur super poor :-P

i know i definitely wants a living will soon
 
You're welcome. Angel. :hug:

Yea my mom already got the will and all she need is the folder to put her will in so in case something happened to her. I would be able to find it and knowing what the folder look like cuz I already brought one for her. She will get it next week. Cant wait to see her Yay!!! I missed her.

I already got a life insurance for me and my son. I am not letting my son get the money til he's 25 cuz he will be much more mature then 18 and also cuz of his Dad will go after him for the money. :pissed: But I will make sure that the bills and funeral cost will be paid and the rest will go to him when he turn 25 if I die earlier than that. If not then he can have it once I died. I had to protect my son's fund from his Dad.
 
TongueOnFire said:
i thought wills and life insurance are different policies, they are not same! *confusing*

TOF
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They are not the same.

An insurance policy has designated beneficiaries. That means, you chose who you want to get your insurance money when you die. You have to specifically name (designate) the beneficiary (person who "benefits" from your policy). Usually you name a primary (first) beneficiary, and a secondary beneficiary. For example, suppose you name your spouse as primary, and your mom as secondary. That means, if your spouse dies before you do, or at the same time (like in a car accident), then the insurance money goes to your mom.

You can also name "co-beneficiaries". You can name more than one person as primaries, which means they divide the benefits. Suppose you listed your spouse and mom as "co-beneficiaries". That means when you die your spouse gets 50%, and your mom gets 50%.

That is a very general, basic description.

Wills:
In your will you name who will inherit all your other assets (money, house, car, material possessions), and who will be guardians of your minor children (if you have any). If you don't have a legal will prepared, the courts will decide who gets what. They usually follow a formula of percentages and relationships. If you want to be sure that your choices are followed, you need to have a written will.

If you want to have instructions for your funeral, don't include them in the will. Wills are sometimes probated (read in court) weeks after death. That is too late for your funeral. Have your funeral plans on a seperate paper that your family can easily find.

In fact, your will, your living will, and funeral instructions should all be in a place easy to find. Let your family know how to find your paperwork.

Any questions?
 
SpiceHd, look up nolopress.com and see if any of these instuments are within your ability to complete; if not have a lawyer or better yet, have a paralegal draw you up one.
 
SpiceHD said:
does having a living will cost money? life insurance cost money? can u create your own living will without having a lawyer or wahtever cuz lawyer cost money too... im curious i know money is not a big deal but it is when ur super poor :-P

i know i definitely wants a living will soon
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Here is a source of free forms:

http://www.ilrg.com/forms/

click on: Personal, Estate Planning

You need to select forms appropriate to your state of residence.

You need to have your form witnessed and notarized.

It is always a good idea to get a lawyer's advice. The forms are helpful for you to plan ahead before meeting with a lawyer.

Sometimes legal services departments can prepare basic wills for little or no cost. Sometimes your employer provides services.

Our lawyer told us that the living will does not require a lawyer preparation. It does require witnesses and notarizing. Each state is different, so it depends on your state.

If you can't afford a lawyer right away, at least get the forms, read and study them, discuss the choices with your family, and fill the forms out. Sign them in the presence of witnesses, and get them notarized. You can always change your mind and fill out new ones later. Just make sure to destroy all copies of old wills each time that you make a new one.

Life insurance costs money. Usually you pay monthly premiums. The least expensive form of life insurance is "term" life insurance. That is the best kind to get while you are young and healthy. It is just life insurance. It is not an "investment" or "whole life" plan. You get more insurance "bang for the buck" with term insurance. You are not paying for anything extra that way. Check to see if your employer provides a group plan which might be cheaper.

If you are single and have no dependents, you only need a small policy to cover burial expenses. If you have minor children or a disabled spouse you need lots more insurance.
 
I never did create an offical (meaning legal) living will. Remember, it isn't enough to just tell your family members. Look at the case of Terry Schiavo. She alledgedly told her her husband she did not want to live like that, yet look at what it has turned into. I wouldn't want to live in that state, and I'd want my family to put me to rest and not have to worry about it. I can't stress enough that telling family members your wishes does not cover it. Be sure to do it legally and if you can afford it, go through a lawyer. There are also companies that sell Living Will kits, but I do not know factually how these would hold up if contested by a family member. I think in some states, just a signed document stating your wishes is sufficient.

Reba, that is some excellent advice earlier in regards to life insurance. I think life insurance is one of the biggest semi-scams around. I say semi because there is definately a time and place for it....but the industry will convince you to over-insure when it isn't necessary. I do have life insurance on myself. This will ensure that my expenses, such as funeral, mortgage (when I actually buy a house) will be taken care of, as well as any other odds and ends.

As for children, I too believe that they are better served by an emergency savings account (if you can keep your hands out of it when times get tight). Something that will build interest and can grow over time. This will cover funeral expenses should the dreadful loss of a child occur. When they are 18 and insure themselves, part of this money could be used for college or purchasing a first house.
 
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