http://www.pozew.org Money, loans, mortgages, stocks Mon, 29 Mar 2010 10:01:59 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 http://www.pozew.org/simultaneous-death/ http://www.pozew.org/simultaneous-death/#comments Mon, 13 Jul 2009 18:50:49 +0000 admin http://www.pozew.org/?p=31 The will may provide that testator’s spouse shall be presumed to have survived the testator if both should die in a common disaster under circumstances that make it uncertain who died first. If the will does not contain such a simultaneous death clause, Oklahoma’s statute (Title 58, Oklahoma Statutes Annotated, Section 1001) directs that in event of such common disaster causing the simultaneous death of both husband and wife, it shall be ruled by the court that neither spouse shall have survived the other. The estate of each then would pass to his or her respective heirs or in accordance with their respective wills. The statute would disqualify the marital deduction savings on federal estate taxes if this provision is not included.

]]> http://www.pozew.org/simultaneous-death/feed/ 0 http://www.pozew.org/changing-or-correcting-a-will/ http://www.pozew.org/changing-or-correcting-a-will/#comments Sun, 12 Apr 2009 17:25:35 +0000 admin http://www.pozew.org/?p=27 A supplement to a will, consisting of revisions, additions, or alterations made after the will has been made, is known as a codicil. The codicil must be executed (signed, witnessed, etc.) in the same manner as the will being amended. Corrections should not be made in a will by erasures, insertions, or cross-outs. All corrections or other changes should be made by codicil and in many cases it may be preferable to execute a new will.
If a new will is made, it should state that all prior wills are revoked. It may also be desirable to physically destroy a previous will to avoid any possible confusion later.

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