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My Last Will and Testament
Although I am of sound mind and memory, and therefore
should know better, I do hereby declare this to be my last Will and
Testament:
FIRST: Distribution of my Estate.
I give everything I own as follows:
a) Either one-third or all of my possessions,
depending on how and when I acquired them, to my spouse; and
b) The rest to my children, or if I have no children
at my death, to my parents or siblings.
SECOND: Children’s
Money. Any money or property I leave my children shall be
handled by my spouse or other guardian as follows:
a) I require that the guardian only spend as much of
the money on my children as absolutely necessary.
b) The guardian (even my spouse) must purchase a
Bond to guarantee that she/he handles the money properly, and shall
hire an attorney to report to the Superior Court each year exactly
how, why and where she/he invested and spent the money for my
children.
c) Each of my children on his or her 18th
birthday shall have the right to a complete accounting of how their
money was spent and managed, and he or she shall be given outright
all of their share of my estate, to spend or use as he/she sees fit. |
THIRD: Remarriage of Spouse. Should my spouse remarry,
he/she may leave everything, including what he/she inherited from
me, to his/her new spouse. If my spouse does not make a will,
his/her property shall be divided between my children and his/her
new spouse. Should my children need money for their support, the
new spouse shall not be bound to spend anything for their benefit.
The new spouse shall have sole right to decide who is to get his/her
share on death, to the exclusion of my children.
FOURTH: Guardian for
Children. Should my spouse predecease me or die while any of my
children are minors, I do not wish to exercise my right to nominate
the guardian of my children, and I direct the Superior Court to make
the selection, because I think the Court knows better than me what
is best for my children. If the court wishes, it may appoint a
stranger.
FIFTH: Death and Taxes.
Under existing tax law, there are certain legitimate avenues
open to me to lower or eliminate death taxes. Since I prefer to
have my money used for government purposes rather than for the
benefit of my spouse and children, I choose to make no provisions to
lower my estate taxes, with the full understanding that the IRS will
get as much as $500,000 more than necessary.
IN WITNESS WHEREOF, I have neglected to set my hand
to any other LAST WILL AND TESTAMENT.
[NO SIGNATURE NECESSARY] |
