My question involves estate proceedings in the state of: Wisconsin
I am an estate administrator, and have many questions. Here is number one: When drafting a will, with time billed for consultation,
would the attorney not logically ask whether there are enough assets to support the amounts left to heirs?
Here is the situation in brief: Gentleman leaves $X to A, $5000X to B, hard assets but no $ to C, and residue to charities in the will. Extremely generous. But almost all liquid assets are in previously set up POD and beneficiary accounts in the names of B and C. So, there is nowhere near enough left in the probate estate to cover the amounts bequeathed in the will. The gentleman must have assumed the will trumped anything else.
I am an estate administrator, and have many questions. Here is number one: When drafting a will, with time billed for consultation,
would the attorney not logically ask whether there are enough assets to support the amounts left to heirs?
Here is the situation in brief: Gentleman leaves $X to A, $5000X to B, hard assets but no $ to C, and residue to charities in the will. Extremely generous. But almost all liquid assets are in previously set up POD and beneficiary accounts in the names of B and C. So, there is nowhere near enough left in the probate estate to cover the amounts bequeathed in the will. The gentleman must have assumed the will trumped anything else.
Wills: Attorney Responsibility in the Writing of a Will
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