WEBVTT - How Wills Work

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<v Speaker 1>Brought to you by the reinvented two thousand twelve Camray.

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<v Speaker 1>It's ready. Are you welcome to Stuff you should know

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<v Speaker 1>from House Stuff Works dot Com. Hey, and welcome to

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<v Speaker 1>the podcast. I'm Josh Clark with me as always this

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<v Speaker 1>Charles W. Chuck Chucker, Chuck Tran Bryant Chuck trans so

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<v Speaker 1>weird to me. I don't get it. Yeah, I have

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<v Speaker 1>no recollection of where that came from. Are no? Wait,

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<v Speaker 1>it was from a show though. Yeah, you didn't just

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<v Speaker 1>make that up, not just now, No, it was there

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<v Speaker 1>was It was in relation to something we were talking

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<v Speaker 1>about at the time and someone it made sense once, okay, um,

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<v Speaker 1>I was on our Facebook page. I was looking for

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<v Speaker 1>discussions like sometimes I like to go on and read

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<v Speaker 1>like what's your favorite line? Did you ever? Have you

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<v Speaker 1>ever read this? Just like a trip down memory lane?

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<v Speaker 1>Really yeah, there's like whole discussion threats. There's like forty

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<v Speaker 1>different threads people have created, But there was one that

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<v Speaker 1>was like, what's what's your favorite stuff? You should no

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<v Speaker 1>line of all time? And I can't I can't find

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<v Speaker 1>that thread any longer. That's a good one. Did you

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<v Speaker 1>go through and count on how many you had and

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<v Speaker 1>how many I had. I did not count. I kept

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<v Speaker 1>a running tally, but I didn't count just mentally. I

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<v Speaker 1>didn't write anything down as it as it were. Chuck. Yes,

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<v Speaker 1>nineteen seventy nine was a pretty good year for movies. Yeah, sure,

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<v Speaker 1>allow me. That year the Muppet movie came out. Creamer

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<v Speaker 1>Versus Kramer was number one at the box office. One

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<v Speaker 1>of my personal favorites Amityville Horror, the first one, the

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<v Speaker 1>nineteen nine one. Um, what do you Allen's Manhattan The Jerk.

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<v Speaker 1>That's my favorite all time movie. Manhattan is I've not

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<v Speaker 1>seen it? What I have not? Okay, the Jerk is awesome?

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<v Speaker 1>Oh wait, the Jerk or Manhattan? I said Manhattan? You

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<v Speaker 1>said U huh yeah, Manhattan. I was just I was

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<v Speaker 1>changing the subject, Okay, all right. I like The Jerk, Alien,

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<v Speaker 1>Rocky two, Alien so far ahead of its time, Moonraker

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<v Speaker 1>so behind the times. But none of these held a

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<v Speaker 1>candle too in my opinion. Overlooked movie by director Michael

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<v Speaker 1>Schultz a classic called Scavenger Hunt. Really have you ever

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<v Speaker 1>seen it? No? You've not seen Scavenger Hunt? Uh? No?

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<v Speaker 1>Was it kind of a riff on? It's a mad, mad,

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<v Speaker 1>mad mad world. I can see how some maybe some

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<v Speaker 1>uh elitists might make that distinction or that that um comparison. UM.

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<v Speaker 1>I personally think that it's a great movie and it's

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<v Speaker 1>about Vincent Price. While it begins Vincent Price, is this

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<v Speaker 1>aged video game magnet? Was he ever young? No? He

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<v Speaker 1>was born like Golden Gray. Yeah, and suave, though he

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<v Speaker 1>was much more suave than he led on UM. He

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<v Speaker 1>is dying and he actually does die playing one of

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<v Speaker 1>his video games, and then you cut to the his

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<v Speaker 1>his former home, and his lawyer is executing his will,

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<v Speaker 1>which his stated worth two million dollars. And it turns

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<v Speaker 1>out we learned very quickly as all the characters assemble

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<v Speaker 1>that the whole thing is up for grabs, just single

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<v Speaker 1>team who go on a scavenger hunt. Did you really

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<v Speaker 1>see this or is this just I grew up on

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<v Speaker 1>this one? Okay, Yeah, that's a great movie. Have you

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<v Speaker 1>really not seen it? No, I've never heard of it.

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<v Speaker 1>I strongly recommend it, and I found it just to

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<v Speaker 1>get myself in the mood. I found it on YouTube

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<v Speaker 1>in parts I think eleven parts, like ten minutes segments.

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<v Speaker 1>So if you're a very cheap person um or can't

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<v Speaker 1>find it it's up on YouTube. Sweet. I think if

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<v Speaker 1>you search um Scavenger Hunt and then in parentheses it'll

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<v Speaker 1>it'll bring it up awesome. So the whole point of

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<v Speaker 1>that was that number one, Scavenger Hunt is a good movie,

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<v Speaker 1>and number two people do some wacky things with wills.

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<v Speaker 1>That scenario wasn't that far off from things that people

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<v Speaker 1>have done with their wills. We're talking about will's chuck,

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<v Speaker 1>let's get ready to talk about contract law. And now

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<v Speaker 1>this is one of the first articles I wrote, and

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<v Speaker 1>it was a little rigid, but there's not a lot

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<v Speaker 1>you can do. I mean, try to make it a

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<v Speaker 1>little fun at the end. But I was fully planning

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<v Speaker 1>on complimenting you on this article. It's a good article.

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<v Speaker 1>It's comprehensive, it's got everything you need. I mean, you

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<v Speaker 1>don't get into like any of the legal momo jumbo,

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<v Speaker 1>but that's not the role of the site. And you

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<v Speaker 1>know what, let's just go ahead and say, I'm glad

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<v Speaker 1>you brought that up. We are not attorneys. You should

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<v Speaker 1>not take this podcast and base your will and life

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<v Speaker 1>on Please do not do that. No, but that being said,

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<v Speaker 1>you can get um all the documents you need to

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<v Speaker 1>create your own will for six dollars and cents at Staples.

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<v Speaker 1>Really huh, yeah, they have everything. Well, that brings up

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<v Speaker 1>one of the first points, which is a will isn't

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<v Speaker 1>super complicated to draw up. Um, and it varies from

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<v Speaker 1>state to state, so you can do it yourself, but

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<v Speaker 1>you should get an attorney to look over things. But

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<v Speaker 1>if you want to save a few bucks, you can

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<v Speaker 1>always go to Staples. Well, well we should probably say

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<v Speaker 1>that again and again through this this podcast, as you

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<v Speaker 1>did again and again through this article, Like really, you

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<v Speaker 1>should have at the very least an attorney. Look, get

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<v Speaker 1>your will if you're gonna do it yourself, right, Um,

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<v Speaker 1>let's talk about some of the specifics. Man, if if

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<v Speaker 1>you are um, if you have ten minutes to write

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<v Speaker 1>this thing a piece of paper and a pen, what

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<v Speaker 1>are the high points that you want to hit to

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<v Speaker 1>make your will as close to legal as possible? And

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<v Speaker 1>by the way, state law governs wills, right, yeah, And

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<v Speaker 1>you always got to check with your state and if

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<v Speaker 1>you if you want to call it up and be

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<v Speaker 1>like state, I got some questions for you. And if

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<v Speaker 1>you have a will in one state and you move

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<v Speaker 1>it'll it'll still be valid. But you still should check

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<v Speaker 1>your state's laws and stuff like that, right, because is

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<v Speaker 1>it the state you die in? That is the state

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<v Speaker 1>that you execute your your will is executed, Inez, because

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<v Speaker 1>it seems like if you were going to move, it

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<v Speaker 1>would seem like that's the way it would go. I guess. So.

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<v Speaker 1>But what if you you die on vacation in Hawaii?

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<v Speaker 1>Is your will wouldn't be based on I think it.

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<v Speaker 1>I think it's pertains to the state in which it

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<v Speaker 1>was drafted and approved. Check with your lawyer, check, or

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<v Speaker 1>at least call the state. I don't think you'd stop

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<v Speaker 1>me so early. Sorry, all right, So what you want

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<v Speaker 1>to have, at the very bare minimum is your name,

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<v Speaker 1>your spouse's name if you have one, and when you

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<v Speaker 1>were married. Yeah, your your children's names so they can

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<v Speaker 1>make sure they're not confusing you or your other spouse

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<v Speaker 1>with your spouse in the will. That's right, Um, your

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<v Speaker 1>children's names. And I love this part. How you want

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<v Speaker 1>any step children or false foster children to be treated?

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<v Speaker 1>You could be like, well, yeah, please treat them well.

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<v Speaker 1>Um a statement provoking any other wills if you have one, Um,

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<v Speaker 1>you gotta name your executor and an alternate. You should

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<v Speaker 1>name an alternate list of powers that you want that

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<v Speaker 1>executor to have special gifts, personal property and uh. Instructions

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<v Speaker 1>for distributing paying debts. There are actually you know, you

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<v Speaker 1>can't decide whether or not you want to pay your debts,

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<v Speaker 1>but after debt has been paid, how you want your

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<v Speaker 1>stuff to be doled out? So I'm officially founding a

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<v Speaker 1>movement that if you're debtors can't get the money they

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<v Speaker 1>need out of you while you're alive. That's that. Yeah,

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<v Speaker 1>didn't you look that up? What's the what's the law

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<v Speaker 1>for it? Varies by state again, um, but generally, if

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<v Speaker 1>you have enough money to pay, say like a credit

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<v Speaker 1>card debt, you have to pay that credit card debt.

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<v Speaker 1>But there there are, um, there are onuses on credit

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<v Speaker 1>card companies, like they have to notify your executor um

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<v Speaker 1>within like sixty days or something of this outstanding debt

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<v Speaker 1>UM and if it turns out that there's not enough money,

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<v Speaker 1>then you can basically say like, sorry, that's that, and

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<v Speaker 1>the credit card company has to write it off and

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<v Speaker 1>then we all pay for it with our outrageous financing fees.

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<v Speaker 1>In the end um burial instructions, you can sometimes put

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<v Speaker 1>it in a will, but you should burial. I just

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<v Speaker 1>got pick tongue tonight burial, and you probably want those

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<v Speaker 1>somewhere else though, because sometimes the will isn't like immediately accessible.

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<v Speaker 1>If you've got it locked in a safe in your family,

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<v Speaker 1>there's another combination. They're gonna theyre's gonna leave you laying

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<v Speaker 1>around on the floor of the kitchen for days. You

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<v Speaker 1>don't need to sweat your pension plan or life insurance

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<v Speaker 1>or annuity stuff like that because that's all taken care

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<v Speaker 1>of they the beneficiary or in those documents, so that

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<v Speaker 1>need to be in your will, right, and it can

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<v Speaker 1>actually screw things up right or not screw things up.

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<v Speaker 1>It can slow things down because you can say I

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<v Speaker 1>want this, you know, my life insurance policy to go

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<v Speaker 1>to my estate and then divvy it up. But that

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<v Speaker 1>just adds a lot more time to the process. Correct. Absolutely, Um,

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<v Speaker 1>you should probably in most states have to be at

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<v Speaker 1>least eighteen years old to have a legal will, and

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<v Speaker 1>you have to everyone knows you have to be of

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<v Speaker 1>sound mind and body, or I think it's just sound mind, yeah,

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<v Speaker 1>because I mean, what does your body of do with

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<v Speaker 1>As long as you can like make an X or

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<v Speaker 1>you know, draw a whale like quick wag, you're fine.

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<v Speaker 1>So what does uh, what does that mean legally speaking? Mentally? Um?

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<v Speaker 1>Sound Well, I'm glad that you brought that up, or

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<v Speaker 1>I'm glad that you put this in the article, because

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<v Speaker 1>I think it's a good idea. Basically, you have to

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<v Speaker 1>know that you own property. You have to know about it. Right.

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<v Speaker 1>If you don't know that you have like a hundred

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<v Speaker 1>acres in Montana, then you're not probably a sound mind.

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<v Speaker 1>Or you did at one time know that you had

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<v Speaker 1>it and just don't remember any longer, that that could

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<v Speaker 1>be a problem as well. If you're not it is

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<v Speaker 1>it's it's kind of said to not be of sound mind, um,

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<v Speaker 1>if you're not suffering from a mental illness, which I

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<v Speaker 1>remember I saw a remake of Psycho which wasn't Psycho

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<v Speaker 1>to It was made for TV and it was kind

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<v Speaker 1>of a spoof comedy and the thing starts with the

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<v Speaker 1>execution of Norman Bates will and it gets to the

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<v Speaker 1>point where it says, I Norman Bates being of sound mind,

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<v Speaker 1>and everybody in the rooms like. But it kind of

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<v Speaker 1>brings up a point like what do you do if

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<v Speaker 1>you are mentally ill and you have a bunch of assets,

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<v Speaker 1>and you've never created a will and you want to

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<v Speaker 1>create when you just do you die Intestine. That's a

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<v Speaker 1>good question into state. I do know that. Uh. If

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<v Speaker 1>you become mentally ill later on, then it doesn't matter

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<v Speaker 1>as long as you were of sound mind when you

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<v Speaker 1>first wrote the will, right, okay, Um. You also need

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<v Speaker 1>to be aware of the people who are related to you. Again,

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<v Speaker 1>like not like you fathered a kid back in nineteen

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<v Speaker 1>sixty two that you didn't know about. That's not what

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<v Speaker 1>they're talking about. They're talking about the kid that you

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<v Speaker 1>had in nineteen sixty two and raised into an adulthood

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<v Speaker 1>is still recognizable to you. And also you generally probably

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<v Speaker 1>shouldn't hold conversations with lack of cons that tell you

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<v Speaker 1>to burn things. That's usually a big red flag that

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<v Speaker 1>you might not be a sound mine. That's right, so Chuck,

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<v Speaker 1>that's sound mine. Um. And let's say you've got that

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<v Speaker 1>check check check. You know about your Lana Montana, you

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<v Speaker 1>know your kid's name. Um, you you don't suffer from

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<v Speaker 1>mental illness, and you are ready to create your will?

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<v Speaker 1>All right? Boom the executor. Yes, that is the most

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<v Speaker 1>important person in your will, because that is the person

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<v Speaker 1>that is gonna make an inventory of all your junk. Um,

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<v Speaker 1>they're gonna pay your debts. They're legitimate debts. That is

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<v Speaker 1>not Vinny who comes over and say zo he met,

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<v Speaker 1>although you may want to pay that too if you're smart.

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<v Speaker 1>Um distributes the assets under the terms of the will.

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<v Speaker 1>So it can be anybody, but you want it to

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<v Speaker 1>be someone you really really trust, someone who's probably pretty smart,

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<v Speaker 1>maybe has a little business experience, and someone who is

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<v Speaker 1>thoughtful because you can get ugly. You want someone this

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<v Speaker 1>is a tough time for a family usually, and you

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<v Speaker 1>want someone that's got some a good bedside manner if

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<v Speaker 1>they're going to execute your will, not some jerk. Right.

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<v Speaker 1>You also want somebody who has a lot of time

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<v Speaker 1>to go to your house and inventory stuff. I remember

0:11:39.400 --> 0:11:41.880
<v Speaker 1>when I found out my sister is my dad's executive

0:11:41.880 --> 0:11:44.760
<v Speaker 1>tricks um, and I was like, what about me? And

0:11:45.120 --> 0:11:50.000
<v Speaker 1>I've read about Okay, you're just like cut me the check. Yeah.

0:11:50.080 --> 0:11:52.160
<v Speaker 1>I actually think my dad likes me more than I thought,

0:11:52.200 --> 0:11:55.640
<v Speaker 1>now that I know what an executive executive let off

0:11:55.640 --> 0:11:58.839
<v Speaker 1>the hook. Yeah, So, Chuck, let's talk about the different

0:11:58.920 --> 0:12:03.199
<v Speaker 1>kinds of wills. Right. There's obviously the standard like ironclad will.

0:12:03.320 --> 0:12:05.199
<v Speaker 1>It's been drafted by an attorney or whatever. But she'll

0:12:05.240 --> 0:12:07.720
<v Speaker 1>talk about in a second. But there's some kind of

0:12:07.800 --> 0:12:12.040
<v Speaker 1>interesting wills because death doesn't necessarily happen, um, when you're

0:12:12.040 --> 0:12:15.319
<v Speaker 1>counting on it. Exactly. That should be this, that should

0:12:15.320 --> 0:12:18.480
<v Speaker 1>be stuff you should know. His new model, the new slogan,

0:12:18.960 --> 0:12:21.480
<v Speaker 1>death doesn't happen when you're counting on it. Death doesn't

0:12:21.480 --> 0:12:23.640
<v Speaker 1>necessarily happen when you're counting on it. Just to add

0:12:23.679 --> 0:12:26.720
<v Speaker 1>that extra like it that it's suspense. Um. So you're

0:12:26.720 --> 0:12:29.679
<v Speaker 1>talking about probably um, a couple of things. One can

0:12:29.720 --> 0:12:33.560
<v Speaker 1>be an oral will, which is a lot of times

0:12:33.559 --> 0:12:35.800
<v Speaker 1>in the in the old days, and it might still

0:12:35.840 --> 0:12:38.360
<v Speaker 1>happen because soldiers are still very young and might not

0:12:38.440 --> 0:12:40.160
<v Speaker 1>think that they need a will because they're young and

0:12:40.160 --> 0:12:42.280
<v Speaker 1>their bulletproof. But a lot of times soldiers on the

0:12:42.280 --> 0:12:46.000
<v Speaker 1>battlefield would execute an oral well to their buddy there

0:12:46.160 --> 0:12:50.800
<v Speaker 1>as their dying in the trenches. You want to do too, buddies,

0:12:51.040 --> 0:12:54.240
<v Speaker 1>oh to two witnesses. Yeah, that that definitely helps the

0:12:54.679 --> 0:12:57.800
<v Speaker 1>helps the case that it's legal. Yeah. And the in

0:12:57.800 --> 0:13:00.520
<v Speaker 1>the scenario I just mentioned, which is the dying soldier

0:13:00.520 --> 0:13:02.600
<v Speaker 1>on the battlefield is one of the more common ways

0:13:02.679 --> 0:13:06.520
<v Speaker 1>that an oral will will be upheld, right because I

0:13:06.520 --> 0:13:09.040
<v Speaker 1>imagine they have a lot of compassion for something like that. Yeah,

0:13:09.080 --> 0:13:11.679
<v Speaker 1>and um, if they can find your your buddies and

0:13:11.720 --> 0:13:14.640
<v Speaker 1>get them to sign an affidavit, or they can actually

0:13:14.679 --> 0:13:16.880
<v Speaker 1>come to probate court and say, yes, this is what

0:13:16.960 --> 0:13:19.480
<v Speaker 1>he said. He said to leave it all to me. Yeah, no,

0:13:19.600 --> 0:13:21.480
<v Speaker 1>he said to leave it all to me. Then it

0:13:21.520 --> 0:13:23.480
<v Speaker 1>turns ugly. But if they both agree that it is

0:13:23.520 --> 0:13:25.839
<v Speaker 1>what you said, then um, it's probably going to stand

0:13:25.880 --> 0:13:28.520
<v Speaker 1>up in court. Right. So what's a deathbed will? A

0:13:28.600 --> 0:13:31.280
<v Speaker 1>deathbed will is virtually the same thing, but say, rather

0:13:31.320 --> 0:13:34.120
<v Speaker 1>than dying young and being of sound mind, you might

0:13:34.160 --> 0:13:37.120
<v Speaker 1>be on your deathbed and are suffering from Alzheimer's or

0:13:37.160 --> 0:13:40.400
<v Speaker 1>something like that. So the deathbed will. Um. It also

0:13:40.440 --> 0:13:42.880
<v Speaker 1>can be written to it's more of like the time

0:13:43.000 --> 0:13:47.840
<v Speaker 1>rather than the type. Right. Um, so the the it

0:13:47.880 --> 0:13:50.480
<v Speaker 1>can be written, It can be oral, and you can

0:13:50.520 --> 0:13:54.160
<v Speaker 1>have several witnesses. But it's also the most commonly challenged

0:13:54.200 --> 0:13:58.120
<v Speaker 1>one because mental capacity is frequently argued like this person

0:13:58.160 --> 0:14:00.480
<v Speaker 1>didn't know what they were talking about, or sobody you

0:14:00.520 --> 0:14:03.120
<v Speaker 1>know had their feeding two kinks, so they did it

0:14:03.200 --> 0:14:07.600
<v Speaker 1>under Durest. You know. Yeah, there's a holographic wheel, Josh,

0:14:07.679 --> 0:14:11.480
<v Speaker 1>very informal, handwritten. Usually this is the coolest looking will.

0:14:11.640 --> 0:14:15.440
<v Speaker 1>That's right, it's not a hologram. Uh. Not all states

0:14:15.480 --> 0:14:18.520
<v Speaker 1>recognize these as valid um, so as always check with

0:14:18.559 --> 0:14:23.680
<v Speaker 1>your state. But scenario where this might happen is you

0:14:23.880 --> 0:14:26.440
<v Speaker 1>wreck your car on a snowy road in the middle

0:14:26.440 --> 0:14:29.680
<v Speaker 1>of nowhere and you're like, I'm gonna die and I'm

0:14:29.720 --> 0:14:32.640
<v Speaker 1>gonna scratch out my will, or you pee it into

0:14:32.680 --> 0:14:36.960
<v Speaker 1>the snow. That would be awesome. Or if you're James

0:14:36.960 --> 0:14:39.560
<v Speaker 1>Franco or that real dude and you're stuck in a

0:14:40.120 --> 0:14:42.640
<v Speaker 1>and a boulder, you could probably videotape it. Although I

0:14:42.640 --> 0:14:45.840
<v Speaker 1>think holographic is strictly handwritten, so that would be an

0:14:45.920 --> 0:14:50.320
<v Speaker 1>oral deathbed will sort of commonly written in blood, but

0:14:50.880 --> 0:14:55.120
<v Speaker 1>one's own blood. Um. Yeah, that's that's a pretty cool one.

0:14:55.200 --> 0:14:57.680
<v Speaker 1>I said it was cool. Yes, yeah, I think that's

0:14:57.680 --> 0:15:00.960
<v Speaker 1>the coolest one. Did you think so? Yeah, the impending

0:15:01.040 --> 0:15:05.280
<v Speaker 1>death by oneself. Yeah yeah, and you just scratch it

0:15:05.280 --> 0:15:07.120
<v Speaker 1>out on whatever paper you have and then succumb to

0:15:07.120 --> 0:15:10.040
<v Speaker 1>the elements. I think it's neat because you think about it,

0:15:10.040 --> 0:15:13.200
<v Speaker 1>you're thinking about the people you love and in some

0:15:13.240 --> 0:15:15.640
<v Speaker 1>way they're there with you. Right then, Yeah, but what

0:15:15.680 --> 0:15:17.120
<v Speaker 1>if you're saying I don't want to leave any of

0:15:17.120 --> 0:15:20.360
<v Speaker 1>those no good uh never do wells anything, Well, then

0:15:20.400 --> 0:15:23.080
<v Speaker 1>you deserve to freeze to death. Okay, Uh, there's the

0:15:23.160 --> 0:15:24.960
<v Speaker 1>d I y will which you mentioned. You can get

0:15:25.080 --> 0:15:27.480
<v Speaker 1>um on the internet or I guess it Staples. You

0:15:27.480 --> 0:15:30.720
<v Speaker 1>can get the forms. Self probating wills can save you

0:15:30.760 --> 0:15:34.040
<v Speaker 1>a little time. Well, this is the ironclad will, right

0:15:34.280 --> 0:15:36.000
<v Speaker 1>I think so? So this is the one where you

0:15:36.080 --> 0:15:39.000
<v Speaker 1>hire a lawyer to draft it, at the very least

0:15:39.040 --> 0:15:41.200
<v Speaker 1>review it. But probably you've hired a lawyer to draft

0:15:41.240 --> 0:15:44.960
<v Speaker 1>your will a couple hundred bucks from what I understand. Um,

0:15:45.120 --> 0:15:49.600
<v Speaker 1>and the the witnesses sign affidavits ahead of time that

0:15:49.680 --> 0:15:52.440
<v Speaker 1>are part of the will, saying like yes, this guy

0:15:52.920 --> 0:15:56.120
<v Speaker 1>did say this, So you don't have to These witnesses

0:15:56.160 --> 0:15:58.560
<v Speaker 1>don't have to appear in probate court to testify that

0:15:58.680 --> 0:16:01.800
<v Speaker 1>this is the correct will. Right. So it expedites the

0:16:01.800 --> 0:16:05.400
<v Speaker 1>whole process. It makes it more difficult to challenge and

0:16:05.480 --> 0:16:07.880
<v Speaker 1>basically it's the butt of boom butt of being of wills.

0:16:08.440 --> 0:16:12.200
<v Speaker 1>Don't contest me, baby, is what it says at the bottom. Uh.

0:16:12.240 --> 0:16:15.600
<v Speaker 1>And since we're talking about contesting and changing, that happens

0:16:15.600 --> 0:16:18.360
<v Speaker 1>all the time, totally legal. The only person that can

0:16:18.440 --> 0:16:21.760
<v Speaker 1>change a will is the test to tour. Why is

0:16:21.800 --> 0:16:25.840
<v Speaker 1>that funny? That's like Hodgment says, complain ant and defend

0:16:25.840 --> 0:16:31.000
<v Speaker 1>at and Judge John Hodgman. So the testatur is the

0:16:31.040 --> 0:16:34.000
<v Speaker 1>only person that can do this. It's very common a

0:16:34.000 --> 0:16:35.800
<v Speaker 1>lot of reasons. You might have a new kid, you

0:16:35.880 --> 0:16:38.600
<v Speaker 1>might get divorced, you might get married, you might start

0:16:38.640 --> 0:16:40.960
<v Speaker 1>hating your kid, might start hating your kid. The tax

0:16:41.000 --> 0:16:43.000
<v Speaker 1>laws might change in your favors. You can tweak it

0:16:43.040 --> 0:16:45.520
<v Speaker 1>a bit. Uh. You might all of a sudden, you

0:16:45.600 --> 0:16:47.560
<v Speaker 1>might win the lottery and think, oh, you know what,

0:16:47.600 --> 0:16:49.200
<v Speaker 1>I might want to rethink how my will has read

0:16:49.240 --> 0:16:51.840
<v Speaker 1>at this point. Or you might just feel like, you

0:16:51.880 --> 0:16:54.480
<v Speaker 1>know what, I'm kind of old and my kids are

0:16:54.520 --> 0:16:56.880
<v Speaker 1>doing okay, so I'd rather just leave my money to

0:16:57.000 --> 0:17:00.760
<v Speaker 1>some great charities. That's a nice thing to do. Yeah, Okate,

0:17:00.880 --> 0:17:03.320
<v Speaker 1>he's leaving the line share of his though to charity.

0:17:03.480 --> 0:17:07.560
<v Speaker 1>Oh yeah, while he's alive. Even that's right. Um, And okay,

0:17:07.600 --> 0:17:11.520
<v Speaker 1>So let's say that your your elderly parent dies and

0:17:11.640 --> 0:17:15.359
<v Speaker 1>you decide that, um, he or she is obviously crazy

0:17:15.480 --> 0:17:19.320
<v Speaker 1>because he or she left his or her money to charity. Right,

0:17:20.119 --> 0:17:24.040
<v Speaker 1>you can challenge this, Right, that's right, and there are

0:17:24.119 --> 0:17:27.280
<v Speaker 1>a number of ways to challenge it. But it's that's

0:17:27.400 --> 0:17:29.359
<v Speaker 1>it's first of all, it's a very difficult, long and

0:17:29.400 --> 0:17:35.000
<v Speaker 1>expensive process. Unless you have like real solid evidence of

0:17:35.080 --> 0:17:39.080
<v Speaker 1>one of maybe several points that that could possibly overturn

0:17:39.119 --> 0:17:42.760
<v Speaker 1>a will, it's gonna be you're not gonna win, and

0:17:42.840 --> 0:17:45.600
<v Speaker 1>not anyone can challenge like Joe Schmo off the Street

0:17:45.760 --> 0:17:48.880
<v Speaker 1>or like let's say you, I couldn't challenge your will

0:17:48.880 --> 0:17:51.600
<v Speaker 1>and say but Josh was my podcast partner saying, you know,

0:17:51.680 --> 0:17:53.879
<v Speaker 1>it doesn't matter. I don't know. You could technically be

0:17:54.119 --> 0:17:56.639
<v Speaker 1>a person of legal standing, which is what you have

0:17:56.760 --> 0:17:59.040
<v Speaker 1>to be too challengea will. You either have to be

0:17:59.680 --> 0:18:02.399
<v Speaker 1>someone who is in the will and you're challenging it

0:18:02.480 --> 0:18:05.160
<v Speaker 1>like I got rem this is terrible. I want more

0:18:05.200 --> 0:18:06.960
<v Speaker 1>money than This's what is your problem, But you can't

0:18:07.000 --> 0:18:10.040
<v Speaker 1>challenge on fairness. You can do it, but you won't win.

0:18:10.200 --> 0:18:12.720
<v Speaker 1>Thank you for correcting me. Um, you could be like

0:18:12.800 --> 0:18:15.359
<v Speaker 1>somebody was holding this guy's feeding too. You know this

0:18:15.440 --> 0:18:17.760
<v Speaker 1>is because so that's when you can challenge, or you

0:18:17.800 --> 0:18:19.600
<v Speaker 1>could be someone who should have been in the will

0:18:20.119 --> 0:18:23.720
<v Speaker 1>e g. A podcaster. I would think it's usually a

0:18:23.720 --> 0:18:25.960
<v Speaker 1>family member, though you probably have to be. I would

0:18:25.640 --> 0:18:28.359
<v Speaker 1>be relative blood or maybe marriage. But I'm sure if

0:18:28.359 --> 0:18:31.080
<v Speaker 1>you're a blood relative, it helps make you, Um, it

0:18:31.080 --> 0:18:33.399
<v Speaker 1>helps your position as a person of legal stand anymore.

0:18:33.440 --> 0:18:35.639
<v Speaker 1>I'm gonna challenge your will like when we're in our eighties,

0:18:35.960 --> 0:18:37.560
<v Speaker 1>and this is gonna be like some sort of proof

0:18:37.600 --> 0:18:39.840
<v Speaker 1>that I agree you should be a person of legal

0:18:39.880 --> 0:18:42.080
<v Speaker 1>standing at least will be like the Sunshine Boys, like

0:18:42.119 --> 0:18:44.359
<v Speaker 1>we haven't spoken in thirty years and like our children

0:18:44.359 --> 0:18:46.000
<v Speaker 1>are trying to get us together for a more show.

0:18:46.840 --> 0:18:51.320
<v Speaker 1>Did you ever see that? But I laughed anyway, right um.

0:18:51.359 --> 0:18:52.960
<v Speaker 1>And by the way, I'm leaving all my stuff to

0:18:53.040 --> 0:18:55.520
<v Speaker 1>you me so you can challenge it all you want, pal,

0:18:55.600 --> 0:18:58.480
<v Speaker 1>But I just contradicted your challenge and this is gonna

0:18:58.560 --> 0:18:59.960
<v Speaker 1>stand up. And you know, because this is a very

0:19:00.280 --> 0:19:02.040
<v Speaker 1>I would think that this would work. Yeah, I wouldn't

0:19:02.080 --> 0:19:03.800
<v Speaker 1>challenge Himy, she can have it all, Okay, she can

0:19:03.840 --> 0:19:08.399
<v Speaker 1>have your junk, So good junk. If you do, you do, Josh,

0:19:08.400 --> 0:19:10.320
<v Speaker 1>I have a good chunk. Um if you do challenge it, um,

0:19:10.359 --> 0:19:13.040
<v Speaker 1>which you're gonna You can either rewrite it completely, revoke

0:19:13.160 --> 0:19:16.879
<v Speaker 1>the original, or add something called the codasil to your

0:19:16.880 --> 0:19:19.720
<v Speaker 1>existing Well. It's just like an addendum basically. Oh, that's

0:19:19.760 --> 0:19:21.760
<v Speaker 1>if you want to change your well. But if you

0:19:21.800 --> 0:19:25.439
<v Speaker 1>want to challenge it, well, well, there's going to turn

0:19:25.520 --> 0:19:29.639
<v Speaker 1>out so right, the will is forged this one. Um

0:19:29.680 --> 0:19:32.639
<v Speaker 1>that it didn't meet the requirements of the state, Like

0:19:32.720 --> 0:19:36.960
<v Speaker 1>maybe the state requires two witnesses and there's only one. Right, Um,

0:19:37.000 --> 0:19:41.720
<v Speaker 1>it didn't. Uh, the person was coerced the testator, right,

0:19:42.200 --> 0:19:45.200
<v Speaker 1>it was coerced with the kink in the feeding too. Um,

0:19:45.240 --> 0:19:47.840
<v Speaker 1>the testator was a victim of fraud. What would that be?

0:19:49.119 --> 0:19:53.400
<v Speaker 1>I don't know. Um, Like maybe the person who drew

0:19:53.480 --> 0:19:56.040
<v Speaker 1>up the will wasn't really a lawyer but charged lawyer's

0:19:56.080 --> 0:20:01.200
<v Speaker 1>fee fraud. Yeah, okay. And then lastly, the beneficiary doesn't

0:20:01.240 --> 0:20:05.200
<v Speaker 1>improve the executor and this could be like the executors

0:20:05.200 --> 0:20:08.800
<v Speaker 1>maybe the fraudulent attorney. Yeah it can It can't just

0:20:08.840 --> 0:20:11.760
<v Speaker 1>be like she borrowed my pearl necklace once and never

0:20:11.800 --> 0:20:14.000
<v Speaker 1>gave it back. There's no way she can execute this

0:20:14.080 --> 0:20:16.560
<v Speaker 1>a state. Right. And I didn't get stats, but the

0:20:16.600 --> 0:20:19.600
<v Speaker 1>general feeling I get is that wills are pretty tough

0:20:19.640 --> 0:20:22.920
<v Speaker 1>to overturn unless, like you said, there's some pretty blatant

0:20:23.320 --> 0:20:27.920
<v Speaker 1>egregious errors or fraud going on, and if and if

0:20:27.960 --> 0:20:30.480
<v Speaker 1>it is rejected, then they just go to the state law,

0:20:30.560 --> 0:20:33.639
<v Speaker 1>which is, you know, your wife gets this percentage, your

0:20:33.800 --> 0:20:37.359
<v Speaker 1>firstborn gets this percentage, and on down the line. And

0:20:37.400 --> 0:20:39.080
<v Speaker 1>that's as if you had died without a will. That's

0:20:39.080 --> 0:20:42.040
<v Speaker 1>how they treated, which is called dying intest state. Yeah,

0:20:42.040 --> 0:20:44.320
<v Speaker 1>I never heard that word. Okay, so let's say that

0:20:44.400 --> 0:20:49.399
<v Speaker 1>you um, let's say that you really your kid. It

0:20:49.480 --> 0:20:51.200
<v Speaker 1>just really turns out to be a jerk. You did

0:20:51.240 --> 0:20:53.920
<v Speaker 1>everything you could, but you just don't like your kid.

0:20:54.440 --> 0:20:57.760
<v Speaker 1>You nurtured, you nurtured, you nurtured, and then natured one out.

0:20:58.200 --> 0:21:00.439
<v Speaker 1>It's like Sean Penn in the game or he went

0:21:00.480 --> 0:21:04.400
<v Speaker 1>through the game. Oh yeah, like that kind of guy.

0:21:04.440 --> 0:21:08.480
<v Speaker 1>All Right, Okay, you can cut your kid out of

0:21:08.480 --> 0:21:12.200
<v Speaker 1>the will, but there's you have to follow a specific guideline,

0:21:12.200 --> 0:21:15.880
<v Speaker 1>and that guideline is you officially have to disinherit your kid. Yeah,

0:21:15.880 --> 0:21:18.679
<v Speaker 1>and I'm surprised it's it's easier to write your child

0:21:18.760 --> 0:21:21.760
<v Speaker 1>out of your will than your spouse yeah, and you

0:21:21.760 --> 0:21:25.000
<v Speaker 1>you brought the child into the world you married the spouse.

0:21:25.080 --> 0:21:27.720
<v Speaker 1>I was surprised by that too, Chuck. Yeah, you like

0:21:27.760 --> 0:21:30.320
<v Speaker 1>you said, you disinherit a child for unless you have

0:21:30.400 --> 0:21:34.800
<v Speaker 1>some sort of ironclad pre nup, then your spouse husband

0:21:34.840 --> 0:21:37.760
<v Speaker 1>or wife is gonna be um, gonna be getting some

0:21:37.840 --> 0:21:43.439
<v Speaker 1>dough half. Generally is the is the way to go. Um.

0:21:43.480 --> 0:21:48.800
<v Speaker 1>So spouses are tough, kids are easy, right, but um,

0:21:48.960 --> 0:21:51.199
<v Speaker 1>most lawyers will be like, don't do that. Do not

0:21:51.359 --> 0:21:53.720
<v Speaker 1>just disinherit and don't try to cut your spouse out.

0:21:53.760 --> 0:21:55.760
<v Speaker 1>It's gonna make you look like a jerk. It's gonna

0:21:55.800 --> 0:21:58.680
<v Speaker 1>make a judge overturn your will. Here's what you do.

0:21:58.720 --> 0:22:02.439
<v Speaker 1>You give them each fifties sense Okay, right, pretty horrible, right.

0:22:02.480 --> 0:22:04.399
<v Speaker 1>That didn't make it look like a No, it doesn't.

0:22:04.600 --> 0:22:07.560
<v Speaker 1>But you put in an into rum clause that says

0:22:07.600 --> 0:22:10.440
<v Speaker 1>that if they challenge the will, that they forfeit everything.

0:22:10.600 --> 0:22:13.359
<v Speaker 1>And you know what that means in Latin, it means

0:22:13.840 --> 0:22:16.639
<v Speaker 1>in order to frighten. So basically it's saying, you know,

0:22:17.119 --> 0:22:19.760
<v Speaker 1>it's trying to scare someone off. Right, So the fifties

0:22:19.760 --> 0:22:22.160
<v Speaker 1>cents thing wouldn't work, right, You want to leave them

0:22:22.280 --> 0:22:25.520
<v Speaker 1>enough so that they are they they're gonna have what

0:22:25.560 --> 0:22:29.520
<v Speaker 1>they need, but they're still offended, like exactly right, So

0:22:29.640 --> 0:22:32.960
<v Speaker 1>like they're like, well, I could buy five dollars whether

0:22:32.960 --> 0:22:35.480
<v Speaker 1>the crack with that five thousand dollars, Maybe I should

0:22:35.480 --> 0:22:40.240
<v Speaker 1>just stick with this, you know. Yeah, divorce can complicate things. Obviously,

0:22:40.359 --> 0:22:45.080
<v Speaker 1>some states renders the will invalid, but most times just

0:22:45.160 --> 0:22:48.080
<v Speaker 1>the parts where the spouses in there will be uh addressed.

0:22:48.280 --> 0:22:51.040
<v Speaker 1>So the bequest is what the people get. The beneficiaries

0:22:51.040 --> 0:22:54.000
<v Speaker 1>are the people who get bequests actually figured out like

0:22:54.040 --> 0:22:57.480
<v Speaker 1>a pretty good sentence to explain all this. The beneficiary

0:22:57.600 --> 0:23:01.720
<v Speaker 1>receives a bequest from the tests will in probate court

0:23:01.800 --> 0:23:06.920
<v Speaker 1>at the behest of the executor. That's so clever, Thank you,

0:23:06.440 --> 0:23:10.000
<v Speaker 1>look at you. So the the beneficiaries are all going

0:23:10.080 --> 0:23:13.199
<v Speaker 1>to get slapped with what is called a death tax.

0:23:13.359 --> 0:23:16.199
<v Speaker 1>Really it's called in the state tax, but opponents of

0:23:16.240 --> 0:23:20.760
<v Speaker 1>the estate tax, the rich um basically created this other

0:23:20.880 --> 0:23:22.800
<v Speaker 1>name for it called the death tax, which is like

0:23:22.840 --> 0:23:25.959
<v Speaker 1>you're being taxed to die. You're not actually being taxed

0:23:25.960 --> 0:23:30.000
<v Speaker 1>to die. Your estates not even being taxed. Your beneficiaries.

0:23:30.680 --> 0:23:34.800
<v Speaker 1>Bequests are what are taxed The thing is, it's a

0:23:34.920 --> 0:23:38.159
<v Speaker 1>lot you know what I call it, what one final

0:23:38.240 --> 0:23:42.280
<v Speaker 1>little from the government from uncle saying like, you paid

0:23:42.320 --> 0:23:44.840
<v Speaker 1>your whole life, you paid your whole life, you died

0:23:44.920 --> 0:23:47.359
<v Speaker 1>on the battlefield, and then we're going to get some

0:23:47.400 --> 0:23:49.760
<v Speaker 1>more tax and it's hefty. Yeah. Well, I mean, part

0:23:49.760 --> 0:23:52.240
<v Speaker 1>of the reason why the estate taxes around is to

0:23:52.720 --> 0:23:58.159
<v Speaker 1>prevent dynasties from taking place. But the problem is with

0:23:58.200 --> 0:24:02.760
<v Speaker 1>all of the loopholes, tax shelters, that kind of stuff. Um,

0:24:03.359 --> 0:24:05.679
<v Speaker 1>the rich are the only ones who can afford to

0:24:05.720 --> 0:24:09.160
<v Speaker 1>get around from paying a state taxes, So that kind

0:24:09.160 --> 0:24:11.680
<v Speaker 1>of goes onto the middle class and prevents middle class

0:24:11.720 --> 0:24:15.080
<v Speaker 1>dynasties from being formed. But you know, it's really weird.

0:24:15.880 --> 0:24:20.359
<v Speaker 1>I cannot describe to you how severe the level of

0:24:20.440 --> 0:24:23.320
<v Speaker 1>deja vu I have right now. Is have we had

0:24:23.800 --> 0:24:26.920
<v Speaker 1>a conversation about the state taxes in that same vein

0:24:27.960 --> 0:24:30.000
<v Speaker 1>I don't think so. But we've done a podcast on

0:24:30.040 --> 0:24:35.040
<v Speaker 1>deja vu. Well, then prepare for some really vitriolic listener

0:24:35.080 --> 0:24:38.520
<v Speaker 1>mail from that one, because in my deja vu memory, Yeah,

0:24:38.800 --> 0:24:41.200
<v Speaker 1>that tick people off. What because you said that only

0:24:41.240 --> 0:24:43.719
<v Speaker 1>the rich people can know about these loopholes, Well, they

0:24:43.720 --> 0:24:47.479
<v Speaker 1>can afford accountants that can figure out these loopholes, lawyers

0:24:47.520 --> 0:24:48.920
<v Speaker 1>that kind of things, like you ain't gonna get that

0:24:48.960 --> 0:24:52.359
<v Speaker 1>at the six staples package. No, No, it actually says

0:24:52.359 --> 0:24:55.640
<v Speaker 1>good luck with the decks death taxes. Pale doesn't, so

0:24:55.760 --> 0:24:58.960
<v Speaker 1>chuck um. If if you are a person living in

0:24:59.080 --> 0:25:02.960
<v Speaker 1>I think two thousand six in the United States and

0:25:03.200 --> 0:25:07.439
<v Speaker 1>you inherited over ten thousand fifty dollars, what did you

0:25:07.480 --> 0:25:14.720
<v Speaker 1>pay close to three grand? That's just that that's just

0:25:14.840 --> 0:25:18.240
<v Speaker 1>for inheriting ten thousand and fifty one dollars, right, yeah,

0:25:18.240 --> 0:25:20.720
<v Speaker 1>well that's the base thing. Then you have to pay

0:25:20.720 --> 0:25:24.520
<v Speaker 1>an additional thirty five percent over and above the ten

0:25:24.520 --> 0:25:26.600
<v Speaker 1>thousand fifty dollars. So let me ask you that is

0:25:26.640 --> 0:25:29.280
<v Speaker 1>that thirty five percent on the whole thing or thirty

0:25:29.520 --> 0:25:32.240
<v Speaker 1>percent and the whole thing minus ten thousand and fifty dollars.

0:25:32.240 --> 0:25:34.199
<v Speaker 1>It's a good question, and I don't know, and I'm

0:25:34.240 --> 0:25:36.560
<v Speaker 1>sure some smart attorney will say, here's how it is going.

0:25:36.840 --> 0:25:39.840
<v Speaker 1>But if you're inheriting a million dollars, who cares? Yeah,

0:25:39.880 --> 0:25:41.639
<v Speaker 1>well that's a lot of change. Though, if it's like

0:25:42.560 --> 0:25:47.160
<v Speaker 1>Bucks right on ten thou yes, Josh, you're indeed right

0:25:48.040 --> 0:25:51.760
<v Speaker 1>a million bucks? Who cares. So there's the death taxes.

0:25:52.160 --> 0:25:53.840
<v Speaker 1>You can set up a trust. That is one good

0:25:53.840 --> 0:25:58.760
<v Speaker 1>way to UM maybe pay fewer taxes. UM. If smart

0:25:58.920 --> 0:26:02.520
<v Speaker 1>people often set up trust, rich people often set up trust. Well,

0:26:02.680 --> 0:26:04.960
<v Speaker 1>it also keeps your UM. You don't have to be

0:26:05.080 --> 0:26:07.080
<v Speaker 1>rich though. I've looked into trusts. About two grand to

0:26:07.119 --> 0:26:10.000
<v Speaker 1>set up a trust y UM and this number one

0:26:10.040 --> 0:26:12.680
<v Speaker 1>it's it's very speedy. It keeps it out of probate court.

0:26:12.840 --> 0:26:15.199
<v Speaker 1>Like when you die, you're dying wishes that are a

0:26:15.200 --> 0:26:18.520
<v Speaker 1>part of your will that are incorporated into this trust.

0:26:19.000 --> 0:26:22.359
<v Speaker 1>That's that right right, UM, So all of the stuff

0:26:22.359 --> 0:26:25.560
<v Speaker 1>gets divvied up right away. It stays out of court. Yeah.

0:26:25.560 --> 0:26:27.000
<v Speaker 1>And if you have a minor in your family, a

0:26:27.080 --> 0:26:28.719
<v Speaker 1>lot of times you'll set up a trust because if

0:26:28.720 --> 0:26:30.520
<v Speaker 1>you don't set up a trust, the court is going

0:26:30.560 --> 0:26:34.800
<v Speaker 1>to assign or there will be a conservator who will

0:26:34.840 --> 0:26:37.879
<v Speaker 1>oversee the assets of the minor. And I think eighteen

0:26:37.880 --> 0:26:41.199
<v Speaker 1>to twenty one generally in most states as when a

0:26:41.240 --> 0:26:44.040
<v Speaker 1>minor can all of a sudden handle their own finances.

0:26:44.080 --> 0:26:46.119
<v Speaker 1>But if you set up a trust, it's managed by

0:26:46.200 --> 0:26:50.400
<v Speaker 1>the trust store and they'll handle it for your kid. Yeah,

0:26:50.480 --> 0:26:53.560
<v Speaker 1>whoever that person is I would imagine someone just as

0:26:53.600 --> 0:26:57.080
<v Speaker 1>trustworthy is the executor, maybe one and the same. You're right,

0:26:57.840 --> 0:27:00.520
<v Speaker 1>and then chuck. Of course there is the living will,

0:27:00.640 --> 0:27:03.760
<v Speaker 1>right yeah, And there's a whole article on living wills,

0:27:03.880 --> 0:27:06.640
<v Speaker 1>but so we won't get into it too specifically. But

0:27:07.000 --> 0:27:09.560
<v Speaker 1>the living will has nothing to do with your money's

0:27:09.600 --> 0:27:13.199
<v Speaker 1>and properties. It is, um, Hey, if I'm ever in

0:27:13.240 --> 0:27:16.119
<v Speaker 1>a serious accident, I'm on a ventilator, here's how I

0:27:16.119 --> 0:27:18.760
<v Speaker 1>would like my UM, I would like you to pull

0:27:18.760 --> 0:27:20.320
<v Speaker 1>the plug or not pull the plug. And it's more

0:27:20.359 --> 0:27:23.240
<v Speaker 1>complicated than that, yeah, because that's like that's line one.

0:27:23.320 --> 0:27:26.240
<v Speaker 1>And the line too is if I'm ever attacked by

0:27:26.240 --> 0:27:30.240
<v Speaker 1>a dog and I need a heart that's coming, that's

0:27:30.240 --> 0:27:32.520
<v Speaker 1>that my family can afford take, you know, pull the

0:27:32.560 --> 0:27:35.600
<v Speaker 1>plug and then down the line right, yeah, And these

0:27:35.640 --> 0:27:38.200
<v Speaker 1>need to be signed and witnessed, and power of attorney

0:27:38.359 --> 0:27:42.360
<v Speaker 1>is usually included because if you can't cover every scenario obviously,

0:27:42.440 --> 0:27:44.680
<v Speaker 1>and the power of attorney would be let's say, you

0:27:44.720 --> 0:27:46.879
<v Speaker 1>know what, I want Emily to be in charge of

0:27:46.880 --> 0:27:51.680
<v Speaker 1>making this decision and not my mom, let's say, because

0:27:51.720 --> 0:27:53.920
<v Speaker 1>my mom would be like no, he'll pull through, and

0:27:54.000 --> 0:27:58.440
<v Speaker 1>Namily'd be like, yeah, he didn't look too good. She

0:27:58.480 --> 0:28:01.000
<v Speaker 1>wouldn't do that. I'm just kidding. Still funny, but yeah,

0:28:01.000 --> 0:28:03.159
<v Speaker 1>a living will is very important though for anyone of

0:28:03.200 --> 0:28:05.800
<v Speaker 1>any age. Um, it can get real messy. We've seen

0:28:05.840 --> 0:28:09.440
<v Speaker 1>it in the news time and time again. Uh so yeah,

0:28:09.560 --> 0:28:11.960
<v Speaker 1>get your living will taken care of. And I think

0:28:12.000 --> 0:28:15.080
<v Speaker 1>you can also just do like a blanket, like don't

0:28:15.240 --> 0:28:17.800
<v Speaker 1>don't take any heroic measures to save me. And I

0:28:17.840 --> 0:28:19.639
<v Speaker 1>don't want to be on any kind of life support

0:28:20.200 --> 0:28:25.639
<v Speaker 1>mine mine says, do never ever unplug me. Really, I

0:28:25.680 --> 0:28:27.439
<v Speaker 1>want to be a burden on my family for the

0:28:27.440 --> 0:28:30.480
<v Speaker 1>rest of my life, as long as that machine can

0:28:30.520 --> 0:28:34.080
<v Speaker 1>keep me alive. I want to be shaved once a

0:28:34.119 --> 0:28:37.280
<v Speaker 1>week from top to bottom. All right. That segways nicely

0:28:37.320 --> 0:28:40.760
<v Speaker 1>into odd things that can happen stipulations with your will.

0:28:41.480 --> 0:28:43.880
<v Speaker 1>Nice Is that how we should finish up? Yeah, totally.

0:28:44.320 --> 0:28:49.680
<v Speaker 1>You can have requirements of your big quest stores. No,

0:28:49.960 --> 0:28:54.640
<v Speaker 1>the beneficiaries and officiaries like, hey, this article. I know

0:28:54.960 --> 0:28:57.480
<v Speaker 1>it's a long time ago, um like hey, I want

0:28:57.480 --> 0:29:00.480
<v Speaker 1>I want to give my son the majority of my fortune,

0:29:00.760 --> 0:29:03.280
<v Speaker 1>but he's got a Finnish college first, or quit smoking.

0:29:03.360 --> 0:29:05.480
<v Speaker 1>I saw was thinking of me when you wrote that

0:29:05.680 --> 0:29:08.760
<v Speaker 1>that was not you were smoking a ton back then, though,

0:29:10.000 --> 0:29:12.360
<v Speaker 1>yes you were. Um, so let's talk about some funny

0:29:12.600 --> 0:29:16.040
<v Speaker 1>and and odd things in history with wills. Josh finished

0:29:16.040 --> 0:29:20.640
<v Speaker 1>on a lighter note. Well, there's Portuguese aristocrat Louis Carlos.

0:29:20.760 --> 0:29:27.080
<v Speaker 1>They no rona coupled all the camara. That's terrible, And

0:29:27.120 --> 0:29:29.360
<v Speaker 1>I sounded like I took a bite of peanut butter

0:29:29.400 --> 0:29:32.640
<v Speaker 1>towards the end. Do you want to do that one? Well,

0:29:32.680 --> 0:29:35.160
<v Speaker 1>I'll now that you said his name, Um, I'll tell

0:29:35.200 --> 0:29:38.000
<v Speaker 1>you what he did. He picked seventy so you don't

0:29:38.040 --> 0:29:40.920
<v Speaker 1>want to try that one. He picked seventies strangers, random

0:29:40.960 --> 0:29:44.040
<v Speaker 1>strangers from a phone book in Lisbon and thirteen years

0:29:44.040 --> 0:29:45.400
<v Speaker 1>before he died, and said, these are the people, but

0:29:45.440 --> 0:29:48.480
<v Speaker 1>don't tell him. It's going to be just a big surprise. Yeah,

0:29:48.720 --> 0:29:51.160
<v Speaker 1>and some people thought they were being conned. If I

0:29:51.240 --> 0:29:55.560
<v Speaker 1>did that and I died, everybody there be um, seventies

0:29:55.600 --> 0:29:58.880
<v Speaker 1>strangers each getting a one dollar bill. But I put

0:29:58.920 --> 0:30:01.120
<v Speaker 1>in my will that had to be like crisp from

0:30:01.160 --> 0:30:04.000
<v Speaker 1>the bank never circulated one dollar bills to make them

0:30:04.000 --> 0:30:05.280
<v Speaker 1>feel good. I thought you're gonna say it like a

0:30:05.360 --> 0:30:08.120
<v Speaker 1>roller quarters or something. That's another way to go. But

0:30:08.120 --> 0:30:12.240
<v Speaker 1>that's more than a dollar. Yeah, you're right, Um McNair ill.

0:30:12.320 --> 0:30:16.600
<v Speaker 1>Grin Fritz was a unsuccessful but wealthy composer and he said,

0:30:16.640 --> 0:30:19.800
<v Speaker 1>you know what, Metropolitan Opera of New York, I'll leave

0:30:19.800 --> 0:30:22.320
<v Speaker 1>you a hundred grand if after I die, you put

0:30:22.360 --> 0:30:25.840
<v Speaker 1>on this opera I've I've written. And the met said, yea,

0:30:25.960 --> 0:30:31.360
<v Speaker 1>we could use that money but nothings, which is like ouch, yeah,

0:30:31.440 --> 0:30:33.400
<v Speaker 1>but they said the music it was workable. That's not

0:30:33.640 --> 0:30:35.320
<v Speaker 1>like they said, this is awful. I think I guess

0:30:35.320 --> 0:30:38.520
<v Speaker 1>you just wentn't in their plan. Um, who else, Josh?

0:30:38.560 --> 0:30:43.600
<v Speaker 1>Who else do we have here? Onny Nermi? Yeah? Finished, businessman,

0:30:44.320 --> 0:30:47.440
<v Speaker 1>this is this is my favorite one. Um. He apparently,

0:30:47.560 --> 0:30:50.400
<v Speaker 1>late in life, made some friends at the rest home

0:30:50.560 --> 0:30:54.000
<v Speaker 1>where he was dying, and died, I imagine, and he said,

0:30:54.040 --> 0:30:57.000
<v Speaker 1>you know what, I'm gonna leave everybody here, Uh, seven

0:30:57.240 --> 0:31:00.840
<v Speaker 1>dred and eighty shares of a rubber boot company that

0:31:01.000 --> 0:31:03.040
<v Speaker 1>I imagine I had something to do with at some

0:31:03.120 --> 0:31:07.239
<v Speaker 1>point maybe, um. And that rubber boot company went on

0:31:07.280 --> 0:31:10.600
<v Speaker 1>to become cell phone giant Nokia, and all of those

0:31:10.640 --> 0:31:14.120
<v Speaker 1>people became millionaires. I imagine all of those people's children

0:31:14.160 --> 0:31:18.280
<v Speaker 1>or grandchildren became millionaires because I don't think Nocchia went

0:31:18.280 --> 0:31:23.640
<v Speaker 1>from a boot company to the cell phone biz like overnight. Um,

0:31:23.680 --> 0:31:25.560
<v Speaker 1>but it was still very nice. This is a good

0:31:25.600 --> 0:31:27.680
<v Speaker 1>story if you ask me, Uh, these are pretty cool.

0:31:27.760 --> 0:31:32.280
<v Speaker 1>Josh um ed Hedrick the inventor. Um, Well, I'm not

0:31:32.320 --> 0:31:35.160
<v Speaker 1>the inventor of the frisbee, but he's credited with perfecting

0:31:35.280 --> 0:31:38.040
<v Speaker 1>the modern frisbee. He wanted to be. He took it

0:31:38.040 --> 0:31:42.960
<v Speaker 1>out of its original square exactly. He worked for WAMO, obviously,

0:31:43.080 --> 0:31:44.760
<v Speaker 1>and he said, you know what, I want my ashes

0:31:44.800 --> 0:31:48.360
<v Speaker 1>to be molded into memorial versions of the frisbee and

0:31:48.440 --> 0:31:51.080
<v Speaker 1>sell those and use the money from those to open

0:31:51.160 --> 0:31:53.960
<v Speaker 1>up a frisbee museum. And then another guy, a Marvel

0:31:54.080 --> 0:31:58.040
<v Speaker 1>comic writer Mark Gruenwald, said, I would like my ashes

0:31:58.080 --> 0:32:00.520
<v Speaker 1>to be mixed with inc and be on a mickbook.

0:32:00.600 --> 0:32:04.200
<v Speaker 1>And when he died young at forty two, there were

0:32:04.200 --> 0:32:09.320
<v Speaker 1>four thousand inc and Ashes issues of Squadron Supreme printed. Yeah,

0:32:09.400 --> 0:32:11.400
<v Speaker 1>wouldn't you be disappointed if that was the one you

0:32:11.480 --> 0:32:16.560
<v Speaker 1>got printed in? Well, that was probably being Punisher. It

0:32:16.640 --> 0:32:18.360
<v Speaker 1>was probably his comic though. I still want to be

0:32:18.400 --> 0:32:19.800
<v Speaker 1>in the punished, Okay, I want to be in a

0:32:19.800 --> 0:32:23.920
<v Speaker 1>better comic and who else, Dusty Springfield? Shall we mention her?

0:32:23.920 --> 0:32:26.320
<v Speaker 1>Hers just kind of eat I guess it's kind of silly.

0:32:26.600 --> 0:32:31.080
<v Speaker 1>She had a cat named Nicholas, and Nickols had a

0:32:31.120 --> 0:32:34.080
<v Speaker 1>favorite meal, which was imported baby food. So she left

0:32:34.440 --> 0:32:37.520
<v Speaker 1>the singer of Son of a Preacher man Um. She said,

0:32:37.560 --> 0:32:41.200
<v Speaker 1>you know what, Um, Nicholas is gonna lay on my

0:32:41.360 --> 0:32:45.160
<v Speaker 1>nightgown for the rest of nickolas his life, and my

0:32:45.320 --> 0:32:48.720
<v Speaker 1>music is going to be played and lifetime supply that

0:32:48.760 --> 0:32:52.640
<v Speaker 1>cat food for Nicklas. Yeah. And then Leona Helmsley like

0:32:53.480 --> 0:32:55.680
<v Speaker 1>million to her dog for the care of her dog.

0:32:55.760 --> 0:32:59.240
<v Speaker 1>You can't actually leave money to an animal, Yeah, you

0:32:59.280 --> 0:33:02.280
<v Speaker 1>can like stipulating your will that this money is for

0:33:02.400 --> 0:33:04.959
<v Speaker 1>the care of this animal. Right, And she left her

0:33:04.960 --> 0:33:07.440
<v Speaker 1>a couple of grandkids nothing and then yeah, and then

0:33:07.480 --> 0:33:11.960
<v Speaker 1>there is the There was the tree that owns itself

0:33:12.000 --> 0:33:16.120
<v Speaker 1>in Athens. The elderly couple that died or the elderly

0:33:16.160 --> 0:33:20.200
<v Speaker 1>woman that died and left this piece of land apparently

0:33:20.200 --> 0:33:22.400
<v Speaker 1>set up a trust for the tree so that it

0:33:22.480 --> 0:33:24.800
<v Speaker 1>can never be cut down or removed. And actually, if

0:33:24.800 --> 0:33:27.200
<v Speaker 1>you drive along the street, you have to go around

0:33:27.200 --> 0:33:30.320
<v Speaker 1>the roundabout that built around the tree that owns itself again.

0:33:30.320 --> 0:33:33.480
<v Speaker 1>It's got a little placard and a little chain around it, yea.

0:33:33.760 --> 0:33:35.960
<v Speaker 1>And that tree grows up to the center of city Hall.

0:33:36.400 --> 0:33:40.440
<v Speaker 1>And that tree grew up to be roy Comb. I

0:33:40.520 --> 0:33:42.480
<v Speaker 1>got nothing else. I don't either. If you want to

0:33:42.480 --> 0:33:46.160
<v Speaker 1>read a fine article written by a young, strapping Charles W.

0:33:46.400 --> 0:33:48.920
<v Speaker 1>Bryant when he first came to how stuff works dot com,

0:33:49.280 --> 0:33:51.880
<v Speaker 1>just type how wills work into the handy search bar

0:33:51.920 --> 0:33:54.320
<v Speaker 1>at how stuff works dot Com. That, of course brings

0:33:54.400 --> 0:33:58.040
<v Speaker 1>up listener mail. All right, Josh, I know you're gonna

0:33:58.080 --> 0:34:00.360
<v Speaker 1>balk at this because we have another request from a

0:34:00.400 --> 0:34:06.600
<v Speaker 1>boyfriend trying to get his girl. No, no, no, I

0:34:06.640 --> 0:34:09.920
<v Speaker 1>feel so bad for Timmy though. Alright, alright, Timmy before

0:34:09.960 --> 0:34:11.840
<v Speaker 1>we read this, dude, if you don't get back in

0:34:11.880 --> 0:34:13.560
<v Speaker 1>touch with us and let us know what happened, we

0:34:13.600 --> 0:34:15.920
<v Speaker 1>will find you. Yeah, you're dead to me, even though

0:34:15.920 --> 0:34:17.960
<v Speaker 1>we can't find the other guy. We will find you

0:34:18.040 --> 0:34:20.400
<v Speaker 1>to me since too, Yeah, and since we mentioned it

0:34:20.480 --> 0:34:23.239
<v Speaker 1>other guy who we proposed, we don't like you anymore.

0:34:23.480 --> 0:34:28.120
<v Speaker 1>Just what happened there, dude, People are clamoring to know. Alright,

0:34:28.120 --> 0:34:31.359
<v Speaker 1>to my beloved Josh and Chuck and Jerry since two

0:34:31.400 --> 0:34:34.280
<v Speaker 1>thousand nine. Uh, let me skip ahead to the interesting

0:34:34.320 --> 0:34:39.200
<v Speaker 1>part um Jerry cracking up today. Guys have been a

0:34:39.200 --> 0:34:41.239
<v Speaker 1>big fan since two thousand nine. One big thing that

0:34:41.280 --> 0:34:44.959
<v Speaker 1>has changed since that time was I found an absolutely

0:34:45.080 --> 0:34:48.919
<v Speaker 1>brilliant girlfriend. She also loves you, guys. We would spend

0:34:48.920 --> 0:34:52.279
<v Speaker 1>our nights together falling asleep, listening stuff. You should know.

0:34:53.480 --> 0:34:55.319
<v Speaker 1>She would fill me in on bits I missed. It

0:34:55.360 --> 0:34:58.160
<v Speaker 1>sounds like a very sweet thing. Unfortunately, recently we were

0:34:58.160 --> 0:35:01.320
<v Speaker 1>having a rough time of things, sort of lost perspective

0:35:01.400 --> 0:35:04.320
<v Speaker 1>and the spark faded. Uh, let me go ahead and

0:35:04.360 --> 0:35:07.040
<v Speaker 1>tell you to me do the spark like that. Spark

0:35:07.080 --> 0:35:09.759
<v Speaker 1>always fades. You gotta have something else going on there.

0:35:10.480 --> 0:35:14.160
<v Speaker 1>Substantial Model Airplanes is a good one. So we both

0:35:14.239 --> 0:35:17.840
<v Speaker 1>am amicably agreed that it would be easier to split

0:35:17.880 --> 0:35:21.200
<v Speaker 1>after eighteen months together. And the best thing we both

0:35:21.360 --> 0:35:25.320
<v Speaker 1>do the same university. We are have the same courses

0:35:25.360 --> 0:35:29.359
<v Speaker 1>at times. He must be English or something. We still

0:35:29.440 --> 0:35:31.040
<v Speaker 1>chat a lot and I really miss her though, and

0:35:31.040 --> 0:35:33.960
<v Speaker 1>I know she misses me too. You don't know that, Timmy.

0:35:34.600 --> 0:35:37.920
<v Speaker 1>You're about to find out. We were great together and

0:35:38.040 --> 0:35:40.280
<v Speaker 1>just needed this time apart to sort out our heads

0:35:40.680 --> 0:35:43.239
<v Speaker 1>and commit back to one another. What I would like

0:35:43.320 --> 0:35:46.720
<v Speaker 1>to do, guys, is for you to say to Elaine,

0:35:47.400 --> 0:35:51.120
<v Speaker 1>would you please get back with Timmy? Go back out

0:35:51.120 --> 0:35:54.680
<v Speaker 1>with him. He's boyfriend again. I'm sorry girlfriend. I know

0:35:54.760 --> 0:35:56.400
<v Speaker 1>she'll be listening. It would be a great way of

0:35:56.400 --> 0:35:59.000
<v Speaker 1>me showing her how much I still care. Or you

0:35:59.040 --> 0:36:02.319
<v Speaker 1>could just talk to her. That's that's another thing, or

0:36:02.360 --> 0:36:04.680
<v Speaker 1>that he's watching her. I don't think I'll do any

0:36:04.680 --> 0:36:07.360
<v Speaker 1>more of these. Um. I love her. I want to

0:36:07.360 --> 0:36:09.720
<v Speaker 1>spend my future with her. I would be really grateful

0:36:09.760 --> 0:36:14.640
<v Speaker 1>for this. So that's the deal, Timmy. It's as much

0:36:14.719 --> 0:36:19.200
<v Speaker 1>love Elaine. Take him back or don't. Either way, Timmy,

0:36:19.239 --> 0:36:22.479
<v Speaker 1>Please let us know what happens so we can follow

0:36:22.600 --> 0:36:25.000
<v Speaker 1>up and tell people what happened with the ten Elaine

0:36:25.040 --> 0:36:27.879
<v Speaker 1>Socca and that is it. That is as dead as

0:36:28.080 --> 0:36:31.840
<v Speaker 1>Haiku and disco. We're not doing that anymore, never again. No,

0:36:32.760 --> 0:36:35.799
<v Speaker 1>all right, agreed? Okay, thanks a lot, Timmy. Good luck

0:36:35.840 --> 0:36:41.160
<v Speaker 1>to you forever. All right, Um, Chuck, are you okay

0:36:41.200 --> 0:36:44.480
<v Speaker 1>with that? No? I'm fine, because it just gets out

0:36:44.480 --> 0:36:46.279
<v Speaker 1>of hand and then you know, we're asking people out

0:36:46.320 --> 0:36:48.560
<v Speaker 1>on a first date all of a sudden, and hey,

0:36:48.600 --> 0:36:50.160
<v Speaker 1>can you tell my friend Joe to pick up the

0:36:50.160 --> 0:36:52.799
<v Speaker 1>tab every now and then. You know, it's just it's

0:36:52.920 --> 0:36:55.360
<v Speaker 1>I'm okay with that one. Okay, Yeah, that's fine. You

0:36:55.400 --> 0:36:57.920
<v Speaker 1>know how I feel about freeloaders. All right, Well, then

0:36:58.160 --> 0:37:02.080
<v Speaker 1>let's call for that and the email. Um, now we'll

0:37:02.080 --> 0:37:04.440
<v Speaker 1>do that something they'll send him anyway, okay, all right,

0:37:04.520 --> 0:37:07.719
<v Speaker 1>So if you know a story about a crazy will,

0:37:08.400 --> 0:37:11.279
<v Speaker 1>crazy stipulation in a will, I love that. I can't

0:37:11.280 --> 0:37:13.719
<v Speaker 1>get enough of them, So let's hear him, right, yeah,

0:37:13.760 --> 0:37:15.480
<v Speaker 1>real ones, are you? Yeah? Well, yeah, I don't make

0:37:15.520 --> 0:37:18.520
<v Speaker 1>them up, jerks. We want to hear it. You can

0:37:18.680 --> 0:37:22.520
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0:37:22.560 --> 0:37:25.440
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0:37:25.480 --> 0:37:28.200
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0:37:28.280 --> 0:37:32.520
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0:37:32.600 --> 0:37:39.520
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0:37:39.600 --> 0:37:42.040
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0:37:42.040 --> 0:37:44.879
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0:37:57.640 --> 0:37:58.080
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