Help Estate planning prior to CTB

[combustiblebear]

Has anyone here had any experience with estate planning for the event of successfully CTB? This is going to sound ridiculous but I wish there were like a lawyer I could contact for advice on this without risking getting sectioned and going inpatient. I just want to make sure that everything goes to my nephew, but since he's only two I think I have to set up a trust for that. I'll also need two witnesses to sign a will (per state law where I am in the US) so who knows how I could manage to do that without being suspect. And also, how do you check the provisions of your life insurance policy without giving off the vibes that you want to die lol

 

[peacebenow]

I don't have the answer but I understand the challenges.

 

[ConfusedClouds]

I don't know anything about US policies/wills/law etc, but for any insurance 'product' you have the right to ask for a full copy of the policy wording document (so you know what you have bought). It'll be dozens of pages of legal fine print, but you should have received it when you took up the policy. If not, you are well within your right to ask for it but don't need to say why - you've paid the product, so its legal grey area if they don't provide all the ts+cs. Literally just 'please can you send me a copy of the full policy wording'. The issue is then finding the right part and translating it from legal chat to plain english. AI can help find sections or summarise painfully awkward documents like this BUT be careful - its better to use it as a search function to find the right section and then go through the exact wording yourself with a fine tooth comb so you're clear on it and not just assuming AI found the right info.

 

[SASU-KE]

Has anyone here had any experience with estate planning for the event of successfully CTB? This is going to sound ridiculous but I wish there were like a lawyer I could contact for advice on this without risking getting sectioned and going inpatient. I just want to make sure that everything goes to my nephew, but since he's only two I think I have to set up a trust for that. I'll also need two witnesses to sign a will (per state law where I am in the US) so who knows how I could manage to do that without being suspect. And also, how do you check the provisions of your life insurance policy without giving off the vibes that you want to die lol

It's very simple. Don't act like you want to catch the bus. Create a story about how people in your family have died without proper planning and then there is complete chaos regarding their estate after they pass away. You don't want to do the same thing, so you want to set up something in advance so that when you die there won't be any issues.

Many life insurance policies actually account for suicide. If you commit within one year of the policy start date, then they won't pay you. But there are some policies that won't pay at all if you commit suicide. You'll have to find out which one is yours and change it if need be. You're going to have to look at that document, your policy document. You shouldn't be asking anyone. That is a certain red flag. You should have received a digital copy of it. Simply use the search feature in Adobe to search for the Suicide clause.Or scan the physical copy and search that.

I have been in the position you are in. The two witnesses you need can be literally anyone. I took two witnesses from the deed office itself.I'm not joking.You won't need these two witnesses in future. They don't need to attest to anything. At least that's what was explained to me. So you just need them for the registration alone.

 

[combustiblebear]

I don't know anything about US policies/wills/law etc, but for any insurance 'product' you have the right to ask for a full copy of the policy wording document (so you know what you have bought). It'll be dozens of pages of legal fine print, but you should have received it when you took up the policy. If not, you are well within your right to ask for it but don't need to say why - you've paid the product, so its legal grey area if they don't provide all the ts+cs. Literally just 'please can you send me a copy of the full policy wording'. The issue is then finding the right part and translating it from legal chat to plain english. AI can help find sections or summarise painfully awkward documents like this BUT be careful - its better to use it as a search function to find the right section and then go through the exact wording yourself with a fine tooth comb so you're clear on it and not just assuming AI found the right info.

It's very simple. Don't act like you want to catch the bus. Create a story about how people in your family have died without proper planning and then there is complete chaos regarding their estate after they pass away. You don't want to do the same thing, so you want to set up something in advance so that when you die there won't be any issues.

Many life insurance policies actually account for suicide. If you commit within one year of the policy start date, then they won't pay you. But there are some policies that won't pay at all if you commit suicide. You'll have to find out which one is yours and change it if need be. You're going to have to look at that document, your policy document. You shouldn't be asking anyone. That is a certain red flag. You should have received a digital copy of it. Simply use the search feature in Adobe to search for the Suicide clause.Or scan the physical copy and search that.

I have been in the position you are in. The two witnesses you need can be literally anyone. I took two witnesses from the deed office itself.I'm not joking.You won't need these two witnesses in future. They don't need to attest to anything. At least that's what was explained to me. So you just need them for the registration alone.

Thanks to you both for the reassurance. My policy is paid for as part of my benefits package at work, so I'll have to do a little more digging on the company HR intranet thing to find the full policy documentation.