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If you die tomorrow, what does your family need to know today? (Lawyer Needs Freeper Help)
JD86 | 12/06/01 | JD86

Posted on 12/06/2001 5:57:08 PM PST by JD86

If you die tomorrow, what does your family need to know today? (Lawyer Needs Freeper Help)

I'm an attorney who helps clients with estate planning and other money matters, but I won't claim that I "know it all". I need Freeper advice.

I once had an elderly client who always told his family "When I die, everything you need is in the manila folder". When he died, we searched high and low but we never did find that folder. As a result, it took years to settle his estate.

That shouldn't happen. I am putting together a booklet for my clients - a checklist of sorts - to help them keep track of important family information.

I'm asking for your suggestions. What would you include in such a checklist?

First - the practical. Doctor's name, where's the will, your desires regarding any minor children ... what else?

Second - the emotional. Would you tell your children you are proud of them? To stop smoking? Dump their lousy mate? What else?

Is there anything you would change about what your parents did? Have you made a checklist yet? If so, what's on it?

Also, if you are incapacitated but don't die, what then?

I have a client who has all her medications listed and taped to the inside of her kitchen cabinet and all her family knows where to find it. Do you have any other ideas like that?

Thanks to all in advance for your suggestions. Please post or send me FreeperMail.


TOPICS: Editorial; Front Page News; Your Opinion/Questions
KEYWORDS: planahead
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To: Amelia
Good points! I have only asked for letters my father wrote while to my grandmother he was in the hospital in another town for a year when he was about 13, and had thyphoid fever and almost died.... and the letters his brother wrote in WWII to my grandmother. Then the letters grandma received from the US Air Force when Uncle Richard disappeared over France, was MIA, then finally declared dead. I would love to have all those papers. She has already given me some of the old photos. I have photo of Grandma, Daddy, and Uncle Richard framed on the wall. I love it and everyone comments on what wonderful old photos we have. They are our treasures!

I already have my other treasures.... the recipes handwritten by my mother in law who is no longer living. The things I treasure are not of earthly monetary value!

I have a lot of nice jewelry with huge stones and my kids are NOT to let me be buried in them, they are to take them off my fingers!

481 posted on 12/12/2001 11:43:38 AM PST by buffyt
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To: JD86
Always remember....

Soylent Green is PEOPLE!!!!

IT"S PEEEEEEPOOOOOOLE!!!!

482 posted on 12/12/2001 11:45:53 AM PST by WhiteGuy
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To: JD86
bump for later viewing.
483 posted on 12/12/2001 11:55:31 AM PST by linemann
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To: buffyt
I already have my other treasures.... the recipes handwritten by my mother in law who is no longer living. The things I treasure are not of earthly monetary value!

You think like I do! Those are the things I'd like to have; the old letters, pictures, & family Bibles....

484 posted on 12/12/2001 1:10:32 PM PST by Amelia
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To: Amelia; buffyt
Those are also the kinds of things to think about who will have them after you. I have a piesafe that has been in my family for over 100 years. It is really not worth much to anyone else. But it was passed from grandmother to granddaughter. My grandmother would have been 100 next May, and she got the piesafe from her grandmother. It is mine for awhile...but my granddaughter already knows it will be hers someday. I have also written the story of the piesafe, all the places I know it has been and my granddaughter will get that letter with the piesafe. Memories are everything.
485 posted on 12/12/2001 2:56:21 PM PST by JD86
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To: JD86
I have also written the story of the piesafe, all the places I know it has been and my granddaughter will get that letter with the piesafe.

What a wonderful legacy! I hope your granddaughter will treasure it as much as you do!

486 posted on 12/12/2001 5:30:39 PM PST by Amelia
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To: Amelia
LOL - even though it is still in my kitchen...she already calls it "my piesafe".
487 posted on 12/12/2001 6:03:00 PM PST by JD86
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To: JD86
If I died tomorrow my family needs to know:

1. I am saved (The Bible - John 3:16) so don't waste your money on a fancy funeral, but have a nice memorial service.

2. I always loved you.

3. Everything I have is yours (and that's well documented - legally).

4. Don't forget all the pearls of wisdom I bestowed on you.

5. Pass on those pearls of wisdom.

6. See you when you get up here!

488 posted on 12/12/2001 8:39:01 PM PST by Cindy
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To: summer; All
In all the posts, we have referred to wills but I never said directly, please go get one written. Below is an article from today's NYT that summer forwarded to me. Please read it, then make an appointment to talk to an attorney in your state.

From today's NYT --
December 13, 2001

ESTATE PLANNING

Jolted by Sept. 11, Many Rush to Make Wills

By ADAM NAGOURNEY

Ellen and Mark Genender showed up at their lawyer's office in Manhattan at 9:15 a.m. Friday to complete a task they had begun more than a year ago, but could never quite bring themselves to finish. They signed their wills and put their affairs in order.

For Mr. and Mrs. Genender, a couple in their 30's who live with their three children on the Upper East Side, that hour at their lawyer's office was the uneasy, and possibly inevitable moment familiar to trust and estate lawyers everywhere: an implicit, if grudging, acknowledgment of mortality.

And in the three months since the attack on the World Trade Center, it has taken place across New York, and to a lesser extent the nation, at a brisk and unabating pace.

If there is any business that is booming since Sept. 11, it is the business of writing wills. Starting about 10 days after the collapse of the towers, and continuing ever since, trust and estate law firms say, they have been overwhelmed with requests from people who suddenly want to prepare their wills. A specialty of law once noted for its procrastinating clients and mordant put-the-client-at-ease jokes has suddenly become serious and urgent.

Many of the requests are from people like Mr. and Mrs. Genender, affluent families with children — though Mr. Genender, a partner in a private equity firm, has the added prods of working on the 59th floor of a Midtown office tower and flying often on business.

But estate lawyers say the influx is astonishing for its breadth as well as its volume: from people of all ages and economic classes, from married and gay couples and singles, from people with children and without, and from all neighborhoods. (People who work or live near the trade center site, though, have shown a particular eagerness to prepare a will, said Anita S. Rosenbloom, an estate lawyer at the downtown office of Stroock & Stroock & Lavan.)

In the normally sleepy business of writing wills, it is now not uncommon to hear of a three-week wait to get an appointment with a lawyer, or to get the first draft of a will back.

"We've been incredibly busy," said Barry S. Berger, an estate and trust lawyer with Fried, Frank, Harris, Shriver & Jacobson. "There has been a tremendous upsurge in people who are first beginning to think about their estate planning, and there has been an inordinate number of our clients who have been sitting with will drafts, who have now seen a new sense of urgency in bringing their wills and planning up to date." Gloria S. Neuwirth, of Davidson, Dawson & Clark, who drew up the will for the Genender family, described a heightened sense of urgency: "It's `I want to get my affairs in order. I want to make sure my children are protected. Let's get this over.' "

This change in the tempo and tenor of the process — best known for the awkward dance in which lawyers nudge clients into considering the improbable event of their own demise — suggests a fundamental change in the way many people have come to think about their lives. Suddenly, the notion of dying at an early age — before one's parents, and with children still growing up at home — is not an irrational fear, but the kind of reality that long ago became familiar to people living in places like Jerusalem or Beirut.

For people like Mr. and Mrs. Genender, a project that was started and then forgotten in the day-to-day bustle of raising a family in New York suddenly became critical. Mrs. Genender, who is 34, said: "After everything that happened, and after having three small kids, we decided it was time to do something. Time to sign it."

Mr. Genender, who is 37, said: "We were dragging our feet on getting it finished. The 11th made me realize that you're more vulnerable than you thought. And you can't control the circumstances."

The phenomenon is not confined to the city where the attack took place. Dennis I. Belcher, the chairman- elect of the American Bar Association's section on real property, probate and trust law, who is based in Richmond, Va., said lawyers across the country had reported an upsurge in requests for wills. The wave was accelerated by the rush of anthrax scares and a series of terrorism alerts from the Justice Department.

Still, not surprisingly, the interest in estate planning is most intense in New York, where so many people are reminded of their vulnerability by the changed skyline, the still occasionally pungent smell of smoke in the downtown air, the debris trucks rolling along the Hudson River, the daily obituaries with photographs of young and vibrant people, and, of course, the patch of downtown that remains a barricaded crime scene.

"It puts things in perspective," said David C. Levine, 35, a tax accountant who lives in Chelsea, Manhattan, and who sat down with his lawyer on Monday to tend to his will. Mr. Levine had a particularly persistent reminder: his office was on the 13th floor of 7 World Trade Center, with a view of the north tower. He emerged from the subway station at Cortlandt Street just after the first plane struck that tower.

"I realized it was time to put things in order," he said.

The events of September have, it seems, changed the atmosphere that surrounds the preparation of a will. Lawyers say it is hardly uncommon for a client to expect that a will be done overnight. "I've gotten calls from someone who was delaying, saying, `Could you come over right now and talk about my will,' " Ms. Rosenbloom said. Lawyers say there has been an epidemic of what are darkly known in the trade as "runway wills" — overnight wills sought by people who learn of a major plane crash just before they are to fly.

Even though lawyers usually try to move things along with a bit of Addams family humor, the atmosphere at law firms these days does not lend itself to levity. "It's really hard to keep it light in this environment," said Judith E. Turkel, a Manhattan lawyer. "People come in with emotions running very high, with tremendous fear, and with the realization that they could die in a way they didn't realize before."

There are other factors that lawyers point to in explaining the rush. In a manner reminiscent of how people responded when AIDS was diagnosed in the early years of the epidemic, before there were effective treatments, "sometimes people feel they are gaining some control by putting their affairs in order for their loved ones," Ms. Rosenbloom said.

Joshua S. Rubenstein, who oversees an estate department of 24 lawyers at Rosenman & Colin, said his firm's business had more than doubled over the last three months. "Sept. 11 took away the ability to do what people do when they come in to talk about wills, which is to say, `Here's what I'd like to do if I die' — as if they have a choice," Mr. Rubenstein said. "Now it's not if but when."

A number of lawyers suggested that the very nature of the attack meant that the rush in estate planning was not about to fade. Since so many of the victims were so young, it is just a matter of time until their estates wind up in court, the subject of litigation and confusion over the intentions of men and women who never expected to die without a wil

Sent 12/12/2001 21:49:18 PST by summer

489 posted on 12/13/2001 6:23:09 AM PST by JD86
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To: JD86
bttt
490 posted on 12/15/2001 3:52:18 PM PST by summer
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To: summer
bump
491 posted on 01/01/2002 2:58:24 PM PST by CHICAGOFARMER
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To: CHICAGOFARMER
bump
492 posted on 02/07/2002 2:44:30 PM PST by CHICAGOFARMER
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To: Nailbiter; BartMan1

came across an old post of mine (up at the top)

a worthy ping; are we prepared?


493 posted on 02/13/2008 3:08:53 PM PST by IncPen (Elect Barack and it's an Obama-Nation !!)
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To: Cacique

bump for later


494 posted on 12/11/2008 9:13:42 PM PST by Cacique (quos Deus vult perdere, prius dementat ( Islamia Delenda Est ))
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To: JD86

bookmark


495 posted on 12/11/2008 11:27:28 PM PST by smokingfrog (I'll go green when they plant me in the ground.)
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To: 68-69TonkinGulfYachtClub
you still have benefits
496 posted on 12/11/2008 11:36:32 PM PST by smokingfrog (I'll go green when they plant me in the ground.)
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To: smokingfrog

Dood...Tonk already passed away...i think it was earlier this year.


497 posted on 12/11/2008 11:40:12 PM PST by papertyger
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To: 68-69TonkinGulfYachtClub
another good one - VA Benefits [large PDF file]
http://www1.va.gov/opa/vadocs/fedben.pdf
498 posted on 12/11/2008 11:56:00 PM PST by smokingfrog (I'll go green when they plant me in the ground.)
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To: All

End of the year bump.


499 posted on 12/28/2011 3:24:12 AM PST by Leroy S. Mort
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To: JD86

bfl


500 posted on 12/28/2011 3:27:17 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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