Legal Question in Wills and Trusts in Ohio
will no longer relevant?
If a person decides to bestow the bequests in a will while still alive what happens to the will assuming there are no other bequests or property other than that which is co-owned with right of survivorship? Does the will automatically become obsolete or do you have to take some official action?
Asked on 10/11/06, 3:42 pm
1 Answer from Attorneys
Nancy Fioritto Patete
Nancy Fioritto Patete, Esq.
Re: will no longer relevant?
Unless those "bequests" are considered advances against an inheritance, those bequests are discounted from the total value of the estate at the time of death.
Answered on 10/11/06, 5:45 pm