Restore sentence in the Last Will and Testament

Aug 6th, 2022
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How to restore sentence in the Last Will and Testament

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Imagine your friend invites you to a party. You arrive and there are lots of people, decorations, food and drink. There is enough for everyone. When you are hosted by someone that generous, you do not have to worry about your needs. You can just enjoy yourself and focus on the people around you. Yeah, that is what a good host wants for her guests. This is the picture of the world that we find in the Bible. Creation is an expression of Gods generous love. He is the host and humans are his guests in a world of opportunity and abundance. We are called to keep the party going, to spread his goodness. This is a beautiful picture. But, it is not the way people experience the world. Rather, we find a world of scarcity and struggle, not abundance. And Jesus grew up in that kind of world. Under military occupation, people losing their land or families to debt and poverty. And yet, he would say things like this: Look at the birds. They do not store up food for themselves, yet they have enough.

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Assets that are designed to have a named beneficiary but lack one can also be included in the residuary estate. So, for example, if you set up a payable on death account at your bank but fail to add a beneficiary to it, any funds in the account would get lumped in to the residual estate.
A residuary clause outlines what should happen to any property that has not been addressed in your documents or assigned to a beneficiary. Without a residuary clause, your loved ones may be subjected to complications in the probate or trust administration process.
For example, someone making a will might not include specific bequests for smaller items like household furnishings or that old record collection. And what about those boxes that have been in the storage unit for so long that nobody even remembers whats in them? That is the reason for naming a residuary beneficiary.
I, , a resident in the City of , County of , State of , being of sound mind, not acting under duress or undue influence, and fully understanding the nature and extent of all my property and of this disposition thereof, hereby make,
This rule is referred to as the doctrine of no residue of a residue, because the portion of the residuary estate that did not itself pass under the will could not be considered part of the residuary estate at all.
A residuary beneficiary is a person who receives any property from a will or trust that is not specifically left to another designated beneficiary.
A typical residuary clause says: I leave all the rest and residue of my property, both real and personal, of whatever nature and wherever situated, assets, including all real and personal property, tangible or intangible, to: .
You can get get a harsh result where if youve acquired property that isnt given away in your will and you dont have a residuary clause. Then youve basically given up the right to select where that goes, it goes to your heirs whoever that heir might be, no matter if you want your heirs to get anything whatsoever.

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