Create Your Perfect Bill Reminder Template for Legal Needs

Bill reminder template for Legal

hey everybody i'm paul rabelay and in this video i'm going to show you how somebody can make a valid will very quickly so i'm paul rabale i'm an estate planning attorney and um really a little project here and and we'll see how this goes but um i've been doing this for 30 years and of course there's a school of people that say you should never ever ever ever ever write a will without getting an attorney and hiring the law firms and all of that and then uh like it or not there's a group on the other end that say you know what i'm going to do this by myself i'm going to figure out how to follow the rules i'm going to make my own now where you stand on on that scale that's that's up to you maybe you can describe in the comments below but i just want to show you how how um a will can be made valid will can be made very very quickly some people stress and procrastinate and they don't sleep and they worry they go on a trip they haven't written their will they're about to go on the highway for a you know 10 10 hour trip and they haven't written their will they're nervous and it causes a lot of stress so this is a little exercise but kind of fun and let's say we've got a sec set of circumstances where a husband i'm gonna call in will will writer is his name but he loves his wife they have two kids together and he just wants to leave everything to his wife to make it easy for her and yes he he knows that she's not going to do anything stupid and she's going to leave it to the kid so he's just okay leaving ownership of his estate to his wife and then you know his wife will perhaps ultimately leave everything to the kids he's not worried about if she remarried she might leave it to her next husband just one of those real simple circumstances traditional marriage leave it to my wife she can leave it to the kids i trust her so the kids are adults and so no minor you know no minor children issues there the the key that allows me to make this very very quickly or really allows anybody to make it very very quickly is that in my state louisiana holographic wheels are permitted holographic as a mouth mouthful handwritten wills are permissible and there are other states that allow for holographic or handwritten wills they're just as valid as the typed up notarized ones as long as you follow the formality rules all right so what i'm going to do now is i'm going to write my will and we're going to keep track of you know how long it takes for me to write that will and you'll see how quickly a valid will can be made in louisiana and again it's william will rider he wants to leave everything to his to his wife now his wife might die before him so he also wants to provide that um if his wife dies before him that everything goes equally to his two children william will rider jr and wilhemina will writer but wilhemina is the responsible one so he would want wilhemina to be the executor if he dies and his wife has pre-deceased him so few other issues i'll address in here but uh let's jump right in i'm gonna stand up to do this i apologize my my uh our my wife and i are five kids uh all moved out we bought a little bit smaller home we haven't even hung the pictures i don't even have any paper in my home with lines on it so i just pulled out a computer printer paper and i'm gonna do it on this so i'm going to stand up to do it but we'll keep track of how long it takes me make sure you can see it yep here we go okay so the first thing i'm going to do is i'm going to write the date which is november 1. 2019 i william wilrider again i don't want to use my name because i don't want to mess up any of the personal stuff i've done declare this to be my last will and testament i expressly revoke all prior wills and cody souls a kind of soul is an amendment okay so that's the first paragraph now here's the big big one here i leave all my property to let's call her wilma that's my wife will ryder and then i'm going to say if wilma will rider pre-deceases me that means she dies before me i leave all my property to william [Music] willriter jr wilhemina will writer comma in equal portions okay we're making some headway here now uh since so many people wonder about what would happen if a child died before them let's address it if a child pre-deceases me i leave their share to their children in equal portions so just in case a child dies before you and they have some kids you want to make sure your child's children get their share and here we go we're wrapping up here i name wilma my wife wilma will writer as executor of my succession every wheel should name an executor if wilma will writer cannot serve i name willamina i wish my kids didn't have such long long names wilhemina will writer as executor last sentence my executor may act as an independent executor and shall serve without bond and now i gotta sign it at the end william will writer what a beautiful signature okay there you have it um so that is a valid will uh in our state which allows for ologic wheels and get back where you can see me so that does it that didn't take too long i'm going to figure out how long that took and put it in the title and uh so that should give you you know an idea of what's involved in making your own will now my hope is that um people don't watch this see this think that their particular circumstances applies exactly to what i just did and they try to copy exactly what i just did the you know it's pretty easy to make a valid will at least in our state it is and the key though is is the wording and everybody's circumstances get a little unique so i'm hoping that somebody just doesn't say well that's what every will should say if that's if that's what william will rider did and he was married and had two kids that's what i'm going to do because i'm married and have four kids so um but everybody's circumstance is a little bit unique and then this doesn't address all of the power of attorney staff and other kind of typical estate planning legal documents but so many people stress about not having a will that um just wanted to show you how quick and easy it would be now the question of the day is many many people who engage in estate planning they got to get lawyers because their circumstances are challenging enough where there's no way they could do it themselves they may have special needs children they may have forced heirs they may want to be very very particular about certain things they leave to somebody they may want to make sure they address all the tax consequences or they may want to address protecting what they have from lawsuits or nursing homes or other things so this doesn't necessarily address some of those circumstances that are unique and in some cases complex but this does address some people's circumstances particularly when it's relatively simple and particularly when people aren't uber wealthy and and they don't want or they can't and some people just refuse to go hire law firms spend thousands of dollars to you know structure their estate legal plan when sometimes they can go online and change the beneficiaries of their 401k and it doesn't cost them anything and that's where most of their money is doesn't make sense to some people so the question of the day is you know if i were to create a platform an extensive platform with all of the appropriate kind of forms for simple scenarios single people married couples adult children minor children and have good instruction both written instruction and video instructions so that you could do the simple stuff on your own without having to go hire lawyers and law firms and pay thousands of dollars would that be something you'd be interested in taking a look at because quite frankly i think that that at least in my state it it's it's something that the public needs and as long as they understand the role of it and understand what they need to do to make sure their circumstances are addressed properly i'd like to hear about that from you so so feel free in the comments below uh just give give me your comments on whether a platform a website with video written forms pdfs where you could address your own circumstances without having to do all the difficulty you know lawyer office stuff whether that be something that'd be of interest to you and and what would you be looking for in something like that because we're in the process of of uh formulating how that could be built out it's not gonna be for everybody but it's for those people who for example yesterday a financial advisor who i've served many of his clients said paul not used to this but i got a client and and he's got his house it's worth about a hundred and twenty thousand dollars and he's got an account with me it's worth like 70 000 he just wants to leave that to his three kids what should he do and he didn't he didn't want or maybe even need to spend several thousand dollars um you know setting up a formal legal program but he had enough where he wanted to make sure it would go to his kids so um anyway comment would this be something that be of interest to you showed you how easy it is to make a valid wheel particularly in those states that allow for holographic wheels you all have a great day