Does anyone know of a standard way of wording the bequeathment of gold in a will, or do you just leave that to the lawyer?
I haven't updated my will since I got into the pp and I really should.
Bequeathing Gold
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Re: Bequeathing Gold
"I leave all my gold to annieB".
That should do very well..
That should do very well..
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dualstow
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Re: Bequeathing Gold
LOL. There's a friend of the family named Anne B. I think she would be quite astounded that I picked her!
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WildAboutHarry
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Re: Bequeathing Gold
Never leave anything to the lawyer 
You can certainly identify items and their recipients if you want. If you have a trust you usually have a pour-over will that handles all non-trust property. I think.
Maybe you need the lawyer after all.
You can certainly identify items and their recipients if you want. If you have a trust you usually have a pour-over will that handles all non-trust property. I think.
Maybe you need the lawyer after all.
It is the settled policy of America, that as peace is better than war, war is better than tribute. The United States, while they wish for war with no nation, will buy peace with none" James Madison
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WildAboutHarry
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Re: Bequeathing Gold
We have a family trust that holds the "big" stuff (real estate, taxable investment accounts), with a pour-over will for the balance. Some accounts (IRAs, 401(k)s) pass per the beneficiary listed on the account (so it is important to periodically check to be sure the right beneficiaries are named).
As I understand it (naturally not having actually tried it yet ) the trust describes beneficiaries that will receive trust-held property. The will "pours" other assets into the trust to be distributed per the trust upon my/our demise. So this would include your personal property, your vehicles, your Aunt Matilda's antique sideboard, your sack of Krugerrands, etc.
And of course we have left precise GPS coordinates to the location of the boating accident where all our gold was lost.
As I understand it (naturally not having actually tried it yet
) the trust describes beneficiaries that will receive trust-held property. The will "pours" other assets into the trust to be distributed per the trust upon my/our demise. So this would include your personal property, your vehicles, your Aunt Matilda's antique sideboard, your sack of Krugerrands, etc.And of course we have left precise GPS coordinates to the location of the boating accident where all our gold was lost.
It is the settled policy of America, that as peace is better than war, war is better than tribute. The United States, while they wish for war with no nation, will buy peace with none" James Madison