What is the name of your state? Ohio
I’m 57, on disability, single (never married), no children. I do not own a house, and less than $1,000 in debts. Only property is personal property (furniture, computer, clothing, household items etc.). I have checking & savings account, CDs, Roth IRA, mutual funds, and stocks. I also have a small ($10,000) life insurance policy (designated beneficiaries are brother and niece).
I want to make out a Will, and want to know what else I need. Question 1) Living Will? Durable Power of Atty?
The beneficiaries of all the investment accounts will be niece (now age 17) and nephew (now age 13). If I die before they are adults I want the money held and released to them when niece reaches age 25 and nephew reaches age 22. Question 2) how can this be done?
I’d like to make my brother beneficiary of anything in ckg & svgs – Question 3) - Would he be able to access the money without going thru Probate? I want any funeral expenses to be paid from life ins (brother’s portion) and ckg/savings if necessary. Question 4) How can this be designated? Question 5) Should I specify where I want to be buried?
Thanks for your help.
I’m 57, on disability, single (never married), no children. I do not own a house, and less than $1,000 in debts. Only property is personal property (furniture, computer, clothing, household items etc.). I have checking & savings account, CDs, Roth IRA, mutual funds, and stocks. I also have a small ($10,000) life insurance policy (designated beneficiaries are brother and niece).
I want to make out a Will, and want to know what else I need. Question 1) Living Will? Durable Power of Atty?
The beneficiaries of all the investment accounts will be niece (now age 17) and nephew (now age 13). If I die before they are adults I want the money held and released to them when niece reaches age 25 and nephew reaches age 22. Question 2) how can this be done?
I’d like to make my brother beneficiary of anything in ckg & svgs – Question 3) - Would he be able to access the money without going thru Probate? I want any funeral expenses to be paid from life ins (brother’s portion) and ckg/savings if necessary. Question 4) How can this be designated? Question 5) Should I specify where I want to be buried?
Thanks for your help.