Why bother with a will?
In going through some files this past weekend I came across this letter written tongue in cheek to someones heirs. It seems worthy of sharing.
Dear loved Ones,
While I understand that I have the right to determine who gets my property when I die, I have decided to let the fair, just and impartial court system make that decision for me. I have decided this, even though it might mean that people I never knew or liked could wind up as my heirs. I also understand that there are perfectly legal and legitimate ways of minimizing the estate taxes that you will have to pay. However, because of our governments kindness and generosity to me over the years, I have decided to let our beloved Uncle Sam take the biggest share of my assets that he can.
In addition, rather than decide who should take care of my children, I think that I would rather have my family fight about it publicly, and then let the courts go ahead and appoint anyone they like, not necessarily one of you. I would also like you to know that I think lawyers, as a group, are hugely underpaid and under loved, and so they should have a large share of my assets.
Finally, I want all the private details of my financial affairs to become part of the public record, so that anyone who is even remotely interested, for any reason, can simply look it up.
Good luck and much love.
Dear loved Ones,
While I understand that I have the right to determine who gets my property when I die, I have decided to let the fair, just and impartial court system make that decision for me. I have decided this, even though it might mean that people I never knew or liked could wind up as my heirs. I also understand that there are perfectly legal and legitimate ways of minimizing the estate taxes that you will have to pay. However, because of our governments kindness and generosity to me over the years, I have decided to let our beloved Uncle Sam take the biggest share of my assets that he can.
In addition, rather than decide who should take care of my children, I think that I would rather have my family fight about it publicly, and then let the courts go ahead and appoint anyone they like, not necessarily one of you. I would also like you to know that I think lawyers, as a group, are hugely underpaid and under loved, and so they should have a large share of my assets.
Finally, I want all the private details of my financial affairs to become part of the public record, so that anyone who is even remotely interested, for any reason, can simply look it up.
Good luck and much love.
Labels: estate planning, trusts, will
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