Wills and Living Wills

questions & answers

Question: Hello, my Mom remarried and passed away within 4 years. She had written a holographic will, that was notorized, and verified as her handwriting. She had notated that when/if the house was sold, it would be split amongst her children. She had also mentioned a life insurance policy in her will. This will was shown to all children and spouse. Before passing, Mom learned her life insurance was canceled. Questions: Even though life insurance is no longer available, but mentioned in will, is the will still valid? Also, does the Widow recieve portion of funds from house sale when not designated?

Answer: Regarding life insurance, the will should still be valid (even though life insurance was referenced and was not in place at the time of death). The proceeds from the sale of the home, would be split amongst the children as designated.

QUESTIONS

  • Hello, my Mom remarried and passed away within 4 years. She had written a holographic will, that was notorized, and verified as her handwriting. She had notated that when/if the house was sold, it would be split amongst her children. She had also mentioned a life insurance policy in her will. This will was shown to all children and spouse. Before passing, Mom learned her life insurance was canceled. Questions: Even though life insurance is no longer available, but mentioned in will, is the will still valid? Also, does the Widow recieve portion of funds from house sale when not designated?

STORIES

  • He told me that I could actually get all the money I needed by using my home as collateral. . .
  • I just helped my mother, age 89, deal with her Medicare HMO. . .
  • I just helped my mother, age 89, deal with her Medicare HMO. . .

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