Separate Wills for Separate things, same person
In my family, a situation may arise in which separate wills for separate things MAY be required to be made by my mother.
Different executors/beneficiaries for bank accounts/financial instruments and different executors/beneficiaries for movable properties.
What precautions would you recommend? For example, one precaution would be that there should not be any overlap between the two wills, each one's scope must be clear. (Residuary clause be removed.)
Consider the following scenario:
WILL 1 - Deals only with mother's bank accounts and financial instruments.
WILL 2 - Deals only with mother's properties. (Different executor/different beneficiary)
Please give your comments on how this can be done (without overlap/confusion) as well as the problems that may arise.
Asked 5 years ago in Family Law