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View Poll Results: Have you drafted your Last Will and Testament?

Voters
11. You may not vote on this poll
  • Yes

    1 9.09%
  • No

    4 36.36%
  • Been thinking about it

    5 45.45%
  • Never given it a thought just yet

    1 9.09%
Multiple Choice Poll.
Page 2 of 3 FirstFirst 123 LastLast
Results 11 to 20 of 21
  1. Join Date
    May 2006
    Posts
    8,357
    #11
    ahh siguro yung mga magulang niya ang magmamana

  2. Join Date
    Sep 2006
    Posts
    13
    #12
    Quote Originally Posted by Syuryuken View Post
    ahh siguro yung mga magulang niya ang magmamana
    Quote Originally Posted by Innova_Boy View Post
    If one will be making a will, who will keep it? and how one will know if this is genuine?


    WBR,
    This can be arranged with trustworthy persons, organization, relatives, bankers, trust company or insurance companies or lawyers, etc. .

    Witnesses can testify; documents can be authenticated.

  3. Join Date
    Sep 2006
    Posts
    13
    #13
    Quote Originally Posted by mark_t View Post
    My last will is in my life insurance policy.

    Designation:

    Irrevocable

    Relationship:

    My Wife
    With this arrangement, in case of your demise, the insurance proceeds will be tax free because the named beneficiary is Irrevocable.

  4. Join Date
    May 2007
    Posts
    2,640
    #14
    Paki bura na lang po.... Thanks po.
    Last edited by LadyRider; January 6th, 2008 at 07:25 PM.

  5. Join Date
    Oct 2007
    Posts
    1,324
    #15
    Make 3 copies of your LWT and have it notarized.

    Mail thru registered mail 1 copy to your self. Do not open and keep this.

    Submit 1 copy to the National Archives.

    1 copy for safe keeping by someone you trust.
    Last edited by mark_t; January 6th, 2008 at 07:32 PM. Reason: add

  6. Join Date
    Jan 2007
    Posts
    2,326
    #16
    AFAIK, a holographic will is valid sa Pinas. Ang mahirap lang ay sino ang safekeeper/executor? Magkano ba bayad for that?

  7. Join Date
    Oct 2002
    Posts
    13,415
    #17
    Video will kaya, mas madali and "authentic"... Just like any legal document, though, I think witnesses + notary authentication is sufficient.

  8. Join Date
    Dec 2005
    Posts
    39,162
    #18
    Whew! This is proving to be a bit complicated.....

    5101:pcwhack:

  9. Join Date
    Oct 2002
    Posts
    13,415
    #19
    Who would've thought dying can be that complex in the modern world hehe...

    Frankly, the well-off families usually think about such things way in advance and everything is usually settled way before any risk of predictable death creeps up... It's us regular folks who thinks "we don't have much to leave behind anyway" that gets into trouble... The technicalities of the law aren't that friendly to those the deceased left behind hehe.

    What if pa-mold nalang natin yung thumb natin for fingerprint "signature" sa mga documents hehe... Parang stamp...

    Morbid ko paminsan, sorry hehehe.

  10. Join Date
    Oct 2002
    Posts
    3,872
    #20
    Well, from my experience, it's impractical to have a will unless you really have lots and lots of property to leave behind. For notarial wills, there are very strict rules to comply with in terms of form and execution so you'll need to hire a lawyer to help you. What's more, even if you have a notarial or holographic will, you'd have to have it presented to the Court for probate before any of its substantive provisions can be given effect. Again, you'll have to hire a lawyer to do it for you. Although not required by law, people who make wills should designate who their executors will be and who shall administer the estate while probate is going on.

    I think it's more important to plan your estate during your lifetime so that even if you die intestate, there will be very little of your assets left subject to the estate tax. There are lots of ways to do it and I guess its all a matter of preference on the part of the person.
    Last edited by Altis6453; January 9th, 2008 at 05:45 PM.

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Drafting Your Last Will and Testament