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Author: RBMunkin Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5765  
Subject: Re: Will bequest vs. account beneficiary designa Date: 3/13/2012 7:38 PM
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Everything is titled appropriately. The houses and cars are automatically the surviving spouses. The surviving spouse will be the executor.

If we both die together, we don't really have a great option for an alternate executor. But gee, I honestly don't care much in that case! Our siblings will get the bulk via alternate beneficiary status. They might have to do some work to get the houses and cars. That'll be up to them. But it shouldn't be THAT much of a problem since they are in our wills. And what are the odds we both die at the same time? Negligible. I'll ask one of my brothers to be an alternate executor.

I'll be dead! I'm not going to bend over backwards and worry about this too much. I'm just trying to put it mostly in order. And I believe it's 98% there with beneficiaries indicated and a simple will. Oh, and health care directives. We have those also.

If I had kids it would be a different matter. This is mostly for my wife. If we don't die at the same time I think we are all set. Everything is owned jointly except retirement accounts which can't be. Those have beneficiary designations.
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