A superwill changes or overrides the non-probate nature of these assets, and controls who owns them on the death of the decedent. Super wills change ownership. Non probate assets automatically transfer at death to the other owner. Super wills change that.
Washington has a "Super-Will" statute (RCW 11.11.020) that allows a testator to make provisions in his Will that govern the beneficiaries of non-probate assets as well as probate assets. This changes bank accounts that are payable on death, insurance policy beneficiaries, pension beneficiaries anything that automatically passes outside the will.
Super wills are used for non-probate assets these are assets, such as one held in joint tenancy, that does not have to pass through probate in order to be transferred. Non-probate assets include pension plans, life insurance policies, and jointly held property with survivorship (Such as spouses, or becomes entitled to the whole property) rights.
Breakdown Super wills void (not legally binding or enforceable) any other transfer of assets (property). The assets become part of the probate or legal process of settling an estate.
As for Posthumous posts no it would not be a legal will. And not sure super will criteria can be met. Love the idea. It would be definitely different. How will you confirm?
Video or nuncupative wills are legal in some states. Today they are mostly used by servicemen or servicewomen who are in active service. Most states require it be videotaped in front of two to three witnesses. They can be found invalid if a written will exists. They are sometimes associated with fraud. Some states have dollar amount restrictions. For example in Texas the Video will must have three witnesses if the amount is over $30. There may be a requirement that it is taped during the person’s last illness Therefore They are dying and no written will is in place. The use of Superwill domain is subject to legal ramifications. It probably should only be a place to leave non legal video for persons after the death of the individuals. Use of it for any other purpose should be overseen by an attorney versed in Estate Law. My opinion but you could run into some legal issues doing real wills. You could market it as some place to leave other videotaped comments or thing you would not say in a will to back up their written one. For example, I disinherited you because of…
FOR MORE INFO ON PREPARING FOR YOUR PARTING IN A MEANINGFUL WAY GET IN TOUCH WITH US TODAY:
TAKE THE NEXT STEP NOW, GET YOUR WILL: Last Will & Testament
|