Gadi Zohar, Esq. - Trusts and Estates Blog

Here is a scenario to consider: *

Molly and Sandy have been sharing their lives together for ten years.  Molly suddenly learns that she has a rare, life-threatening disease.  It is extremely likely that Molly will die within one week.  Molly elects to undergo radical surgery which, if successful, would likely increase her life expectancy by as much as a year.  Molly asks Sandy to go home and get the will she had created but not yet signed, leaving half of her property to Sandy and half to her estranged brother, Ike.  Sandy calls Ike to discuss the matter.  Ike tells Sandy not to bring the unsigned will to Molly.  Ike says that some attorney friends of his have advised that a living trust would be much better than a will, and that Ike will have his lawyer friend draw up a trust leaving half of Molly’s $500,000 of property…

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Posted on May 29, 2012, in Uncategorized and tagged . Bookmark the permalink. Leave a comment.

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