Drafting Your Last Will and Testament

**LadyRider** · January 6th, 2008 12:04 PM

I dunno if you guys have already thought of drafting your own last will and testaments?

Some people find it "morbid" to think about it at this stage in their lives, some people have already drafted one, while others are already thinking of drafting one.

How about you? Have you given it a thought already?

or

**theveed** · January 6th, 2008 12:20 PM

I've told myself to prepare one for quite some time, but always seem to forget... Not being morbid or anything, but I've had friends who had their spouses pass away unexpectedly at an early age (below 40) and while there wasn't a huge wealth to settle, the intricacies that banks, insurance, and other financial institutions demand on the surviving relative is quite intensive...

Maybe I should just blog it for easy access hehehe...

IMO, a living will is harder to decide on than a last will hehe...

Here in SG, they actually have free will writing classes in community centers...

**CVT** · January 6th, 2008 01:25 PM

Originally Posted by theveed

I've told myself to prepare one for quite some time, but always seem to forget... Not being morbid or anything, but I've had friends who had their spouses pass away unexpectedly at an early age (below 40) and while there wasn't a huge wealth to settle, the intricacies that banks, insurance, and other financial institutions demand on the surviving relative is quite intensive...

Maybe I should just blog it for easy access hehehe...

IMO, a living will is harder to decide on than a last will hehe...

Here in SG, they actually have free will writing classes in community centers...

That should be a good motivation to write one....

5000:boom:

**shadow** · January 6th, 2008 02:17 PM

huh!? I think I'm still quite young for that...hehehe

**LadyRider** · January 6th, 2008 03:27 PM

Death doesn't choose the right time, the right place nor status of the person. Even the health conscious people sometimes pass away unexpectedly! So even at an early age, I think about it (writing my last will and testament) once in a while coz you'll never know when you'll need it just as what Sir Theveed said.

We can say we don't even need it 'coz we're still young or we say that we are very healthy and that death is far from happening to you. You just don't know when the good Lord will get you.

I have a friend who married at the age of 26 same age as his wife. When the wife gave birth at the age of 27, 4 days later she died in the hospital due to heart failure... She was very lean, very consious of her health but look at what happened to her. Her daughter was only 4 days old kaya hindi na nya nakagisnan ang kanyang ina.

But lo and behold, my friend's wife pala drafted a last will and testament before she underwent surgery for her childbirth! She told her husband; "Just in case something happens to me..." She said. Kase alam nga nya kapag nanganak and isang babae 50-50 talaga ang chances ng buhay. Maybe she also has forseen what might happen to her...

It was really a sad ending to my friend kase he is now a dad and a mom to his daughter alone. Naunahan pa ng wife nya ang mom nya na may cancer.

**kiatsy** · January 6th, 2008 03:54 PM

Originally Posted by LadyRider

I dunno if you guys have already thought of drafting your own last will and testaments?

Some people find it "morbid" to think about it at this stage in their lives, some people have already drafted one, while others are already thinking of drafting one.

How about you? Have you given it a thought already?

or

Facticity of life is: DEATH KILLS! And it lurks all life long!

One is left with two choice as with regards to his/her intentions for the disposal of his/her wealth. Either he/she dies testate or intestate.

Morbid as it may, death can snuff out our dreams and ambitions.... for ourselves and our love ones.

Ponder upon it.

**Innova_Boy** · January 6th, 2008 04:06 PM

If one will be making a will, who will keep it? and how one will know if this is genuine?

WBR,

**LadyRider** · January 6th, 2008 04:45 PM

Originally Posted by Innova_Boy

If one will be making a will, who will keep it? and how one will know if this is genuine?

WBR,

Good day Sir Innova_Boy, regarding your question, usually a lawyer of the family keeps it until the day of need... Usually handwritten ang mga LWT then a signature of the author at the bottom... Yung iba naka print-out sa computer sabay naka signature ang author sa ibaba or usually bawat page... Parang contrata rin kase po ito...

**mark_t** · January 6th, 2008 04:58 PM

My last will is in my life insurance policy.

Designation:

Irrevocable

Relationship:

My Wife

**shadow** · January 6th, 2008 05:09 PM

Originally Posted by LadyRider

I have a friend who married at the age of 26 same age as his wife. When the wife gave birth at the age of 27, 4 days later she died in the hospital due to heart failure... She was very lean, very consious of her health but look at what happened to her. Her daughter was only 4 days old kaya hindi na nya nakagisnan ang kanyang ina.

But lo and behold, my friend's wife pala drafted a last will and testament before she underwent surgery for her childbirth! She told her husband; "Just in case something happens to me..." She said. Kase alam nga nya kapag nanganak and isang babae 50-50 talaga ang chances ng buhay. Maybe she also has forseen what might happen to her...

It was really a sad ending to my friend kase he is now a dad and a mom to his daughter alone. Naunahan pa ng wife nya ang mom nya na may cancer.

so? what's the point of her last will? I mean her husband is still alive? she have only 1 child...what? so her 4 day old child get her car/s? I mean it's not really complicated, I don't think there will be any dispute regarding her wealth...isn't it already in the law that children and spouses get a certain percentage on the wealth of the deceased?

and I don;t think the father will shortchange his child...

sorry, call me slow but I didn't get your story....