Legal Question in Wills and Trusts in Illinois
Beneficiary Question
My mother wants her real estate and other investments to go to her only two children at 50% each. One of the children has two biological children; the other has none and in all likelihood, will never have due to his age. He recently married a woman who has grown children. If he should precede my mother in death, she wants to make sure her payable upon death clauses are written so that the money would stay in the bloodline. How should we word the beneficiary information on her non-IRA investments? The will is already written this way.
1 Answer from Attorneys
Re: Beneficiary Question
Just giving the property to the two children per stirpes (means goes to that persons offspring if he/she predeceases) is fine. In-laws (wife) or step children don't get rights in this situation unless your mother would specifically give them rights. These people are not "heirs" of the mother. Unless the children would get adopted then they'd be "heirs."
Related Questions & Answers
-
Probate When do I have to probate a will in IL Asked 10/26/07, 2:48 pm in United States Illinois Probate, Trusts, Wills & Estates
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
