Tuesday, December 24, 2013

Fred Gets One More Title

“I can’t believe we need a Will after we spent all that time doing our Trust!” Fred exclaimed.  “Well, Fred,” Wilma answered, “Sam Solid, our lawyer said that it’s just like having another job title, which will be Testator.” 

“I guess it’s all right, but why would we need it?” Fred asks, “After all, Sam said that after we transfer all the property into our Trust, it will say who gets it after we die.”

Fortunately, Wilma was listening more closely than Fred.  “When we die, Fred, some things might not be in the Trust, like our last pension check.”  Sam also them that if the Flintstones had a lawsuit against a driver who had rear-ended them still pending when they died, that probably wouldn’t be in the Trust until the case was done.

“Plus, the Will we need is really simple,” Wilma remembers, “because it just says that all our remaining property should be ‘poured over’ into our Trust.  The Trust will still control where everything goes.”

So Fred became a “testator,” otherwise known as a person who has made a Will, and of course was heard to be bragging around the Rubbles’ house about it later that week.

For advice about whether a Living Trust suits your needs and how to plan your estate, call our office at (815) 436-1996 for an appointment.

©2013 Gruber Law Office, Ltd.


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