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My Will

I accept as my last will the will set forth in the Laws of the State of Colorado for me. I am married and have two minor children.

Therefore, First: I give my spouse one-third of my property outright, and I give my children the remaining two-thirds, to be held in a blocked account subject to the supervision of the Probate Court. However, to the extent that some or all of my property is community property, I give all of it to my spouse and none to my children.

Further, I appoint my spouse as guardian of my children, but as a safeguard I require that my spouse report to the Probate Court each year and render an accounting of how, why, and where the money necessary for the proper care of my children was spent.

Further, I direct my spouse to provide a Performance Bond to the Probate Court to guarantee that my spouse exercises the proper judgment in the handling, investing, and spending of the children's money.

Further, As a final safeguard, my children shall have the right to receive a complete accounting from my spouse of all financial actions concerning their money as soon as they reach the age of 18.

Further, As each child reaches the age of 18, he or she shall have full rights to withdraw and spend their share of my estate. No one shall have any right to question my children's actions on how they decide to spend their respective shares.

Second: Should my spouse remarry, that second spouse shall have whatever rights in my spouse’s property my spouse may choose to give. Should my children need any of this money for their support while they are still minors, that spouse shall not be bound to spend any part of such share on my children’s behalf.

Further, That second spouse shall have sole right to decide who is to get what that second spouse then owns of what used to be my property, even to the exclusion of my children.

Third: Should my spouse predecease me or die while any of my children are minors, I do not wish to exercise my right to nominate a guardian of my children.

Further, Rather than nominating a guardian of my preference, I direct my relatives and friends to get together and select a guardian by mutual agreement, and ask the Probate Court to approve their choice.

I Further, In the event that they fail to agree on a guardian, I direct the court to make this selection. If the court wishes, it may appoint a stranger acceptable to it, whether or not my friends and relatives have agreed to that choice.

Fourth: Under existing tax law, there may be certain legitimate avenues open to me to lower estate taxes for my family. Since I prefer to have my money used for governmental purposes rather than the benefit of my spouse and children, I direct that no effort be made to lower taxes resulting from my death.

No date needed

No signature allowed

No witnesses necessary

This will may surprise you. Most people don't realize the implications of the laws of their state, and most people don't leave a will. This is what can happen if you don’t do anything and rely on the laws of the State of Colorado to take care your loved ones.

I urge you to take an active part in planning for your family Plan to pass on your love, your hopes, your dreams and your wisdom.

copyright © 1995 Arnold Fitger Williams, Counsellor at Law

 

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