Timeline for Will: Leaving property to beneficiaries until their deaths only
Current License: CC BY-SA 4.0
8 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Dec 27, 2018 at 15:04 | vote | accept | MisterStrickland | ||
| Dec 27, 2018 at 3:03 | comment | added | Peter K. | @Phil I’m with jpmc26: you need to talk with a lawyer. Or at least move this question to the law.se site; this is not about personal finance, it’s a legal question. Flagging as off-topic. Good question, just off-topic here. | |
| Dec 27, 2018 at 2:07 | comment | added | jpmc26 | Recommend putting the lawyer recommendation at the top. | |
| Dec 26, 2018 at 23:54 | comment | added | MisterStrickland | @PeterK. Yes, but the idea is that only the interest earned on the money would be spent, and my wife and children would have visibility into it and/or be given reports on how the amounts were spent. | |
| Dec 26, 2018 at 23:06 | comment | added | Bob Baerker | I don't see domicile in different countries as a problem. In fact, I have this situation in my will. The only problem might be if the beneficiaries move around and you don't provide updated info to the will/trust (the executor may have to spend time and money to locate them, bumping up their fees). Then, all that matters is that you live in a country where there's rule of law. | |
| Dec 26, 2018 at 23:01 | comment | added | Peter K. | One issue is: how do you determine what is “your” money versus “your brother’s” money. Without some external apparatus like a trust, your brother could simply say that he has spent all “your” money. | |
| Dec 26, 2018 at 22:58 | comment | added | MisterStrickland | Thanks for the reply. I also have the problem that my wife and I live in a different country than my brother and parents, so that's where setting up a trust gets complicated. | |
| Dec 26, 2018 at 22:56 | history | answered | Bob Baerker | CC BY-SA 4.0 |