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Last week, I got a wake-up call. One of my oldest friends from high school died suddenly in an accident, leaving no will. With no estate planning at all, his assets went into probate and his dependents were left in limbo1.
My friend was a young man, the same age as me. At our age, who thinks about estate planning? Well, he should have and I’m starting right now to put my affairs in order.
I’ve already decided2 who will be my beneficiaries and how much of an inheritance each family member will get. One big decision I’m still thinking about is who should be my executor. I want to make sure my bequests3 are carried out and my assets are properly disposed of, so this person has to be trustworthy.
After I make those decisions, I’ll write a holographic will. It’s the simplest way of drawing up a will and adding codicils4 without an attorney, and since I’m still of sound mind, there shouldn’t be any problems. I’ll ask my neighbors to be witnesses.
Before I start drawing up my will, though, I still have one other important decision to make. Who should get custody5 of my eight cats?
Script by Dr. Lucy Tse
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1 limbo | |
n.地狱的边缘;监狱 | |
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2 decided | |
adj.决定了的,坚决的;明显的,明确的 | |
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3 bequests | |
n.遗赠( bequest的名词复数 );遗产,遗赠物 | |
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4 codicils | |
n.遗嘱的附件( codicil的名词复数 ) | |
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5 custody | |
n.监护,照看,羁押,拘留 | |
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