Estate Planning - Spouses with survivorship clause - could a named beneficiary “double up” on simultaneous death scenario?Who is Liable for the Satisfaction of the Mortgage Debt Pursuant to Deed of Gift when Grantor Dies - Estate of Grantor or Beneficiary?Who is responsible for the property expenses with a life estate which is owned by tenants in common, when not all of the owners live on the property?
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Estate Planning - Spouses with survivorship clause - could a named beneficiary “double up” on simultaneous death scenario?
Who is Liable for the Satisfaction of the Mortgage Debt Pursuant to Deed of Gift when Grantor Dies - Estate of Grantor or Beneficiary?Who is responsible for the property expenses with a life estate which is owned by tenants in common, when not all of the owners live on the property?
Lets say there is a married couple and they both have identical wills; with a survivorship clause along the lines of:
- I direct that the reside of my estate shall be paid, transferred and delivered to my spouse (xxx) for his/her own use... provided s/he survives me for a period of (30) thirty days.
- In the event my spouse (xxx) predeceases me or does not survive me for a period of (30) thirty days, then: give $10 to the church and split the remainder in equal shares to my children.
Questions:
- if both spouses have the same children and die at the same time, does the church get $10K or $20K ?
- if the church gets $20k; how would you change the will so the church get $10K total regardless who dies first and the time between the deaths.
Links to source would be greatly appreciated. Thanks.
wills estate-planning
New contributor
add a comment |
Lets say there is a married couple and they both have identical wills; with a survivorship clause along the lines of:
- I direct that the reside of my estate shall be paid, transferred and delivered to my spouse (xxx) for his/her own use... provided s/he survives me for a period of (30) thirty days.
- In the event my spouse (xxx) predeceases me or does not survive me for a period of (30) thirty days, then: give $10 to the church and split the remainder in equal shares to my children.
Questions:
- if both spouses have the same children and die at the same time, does the church get $10K or $20K ?
- if the church gets $20k; how would you change the will so the church get $10K total regardless who dies first and the time between the deaths.
Links to source would be greatly appreciated. Thanks.
wills estate-planning
New contributor
add a comment |
Lets say there is a married couple and they both have identical wills; with a survivorship clause along the lines of:
- I direct that the reside of my estate shall be paid, transferred and delivered to my spouse (xxx) for his/her own use... provided s/he survives me for a period of (30) thirty days.
- In the event my spouse (xxx) predeceases me or does not survive me for a period of (30) thirty days, then: give $10 to the church and split the remainder in equal shares to my children.
Questions:
- if both spouses have the same children and die at the same time, does the church get $10K or $20K ?
- if the church gets $20k; how would you change the will so the church get $10K total regardless who dies first and the time between the deaths.
Links to source would be greatly appreciated. Thanks.
wills estate-planning
New contributor
Lets say there is a married couple and they both have identical wills; with a survivorship clause along the lines of:
- I direct that the reside of my estate shall be paid, transferred and delivered to my spouse (xxx) for his/her own use... provided s/he survives me for a period of (30) thirty days.
- In the event my spouse (xxx) predeceases me or does not survive me for a period of (30) thirty days, then: give $10 to the church and split the remainder in equal shares to my children.
Questions:
- if both spouses have the same children and die at the same time, does the church get $10K or $20K ?
- if the church gets $20k; how would you change the will so the church get $10K total regardless who dies first and the time between the deaths.
Links to source would be greatly appreciated. Thanks.
wills estate-planning
wills estate-planning
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slamanslaman
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