Legal Question in Wills and Trusts in New Mexico

If it is stated in a will that all property is to be divided among all the children, does that include any money that i might have in the bank? Do I have to state money as assets and state how much goes to each child? Is property and assets the same?


Asked on 10/19/10, 8:57 am

1 Answer from Attorneys
Charles Aspinwall Charles S. Aspinwall, J.D., LLC

Assets = real & personal property. Money is personal property. In your illustration, upon your death your money will be equally divided among your children. No other directive is required.

Read more
Answered on 11/04/10, 12:14 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in New Mexico