How do I make a gift of real estate in my will?
I own a Cooperative apartment and would like to know how to direct my Executor to sell the Apartment and send the proceeds to a religious organization?
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As for selling your apartment, you simply put a directive in the will that the executor of the will is to sell the property and distribute the funds to whatever religious organization that you want to be named as beneficiary.
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Which section would address the question, What happens if both my wife and I pass away at the same time?
Lexi, Chatbot
I understand the importance of planning for the future. Are you looking for information on estate planning or wills?
Wills
Lexi, Chatbot
Do you have any specific concerns about how your assets would be distributed in that scenario?
Yes I own a Cooperative apartment and would like to know how to direct my Executor to sell the Apartment and send the proceeds to a religious organization?
Lexi, Chatbot
Is there anything else the Lawyer should know before I connect you? Rest assured they’ll be able to help with your estate planning.
No, not right now.
Barrister
Hello and welcome to the site! My name is Barrister and I am a licensed attorney and I am here to help with your situation. I know your question is important, but there may be a short delay in my responses as I type out an answer or reply as I am typically working with several customers at once on the website. I have read your post and I am sorry to hear you are having to deal with this situation as I realize it can be frustrating and confusing. If you prefer a phone call you can request it now by clicking on a pop up and you will be transferred to another expert to assist.
Which section would address the question, What happens if both my wife and I pass away at the same time?
Barrister
Typically, there is a clause in a person's will that states the priority of death if it cannot be determined with medical precision. The testator will state that they are presumed to have passed first, or the other person is presumed to have passed first, and then the other spouse will mimic that clause in their will.
Barrister
As for selling your apartment, you simply put a directive in the will that the executor of the will is to sell the property and distribute the funds to whatever religious organization that you want to be named as beneficiary.
Barrister
Did you have any other questions about this situation I can help with?
The eForms will has already been filled out, so where on the document will this directive be stated.
Barrister
It would be under a section typically listed as "specific bequests/gifts". That is where you list any specific gifts you want to go to specific people/organizations to ensure that they end up with it.
I draft my own wills for clients so I don't know what would be in your template form. You could either gift the Coop directly to the religious organization or you could just put a statement that the executor is to sell it and give the proceeds to the organization.
Barrister
I hope I was able to clear up any questions you had about the situation. It was my pleasure to work with you and help with your question.
You answered my question and I thank you for your assistance.
Barrister
Glad to help.. be safe...
Barrister
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