Are there any limitations on what I can give away in a will?
Yes, there are limitations on what can be given away in a will in New Hampshire. The primary limitation is that you may only bequeath personal property or real estate that is owned by you at the time of your death. You cannot bequeath any property that was acquired after your will was written, or any property that is part of a trust or other legal financial arrangement. You may also not give away anything that would be considered to be a “gift,” such as money or jewelry, since those are not considered part of the estate. Additionally, you cannot leave any money to a minor without the requirement of court approval or the appointment of a custodian. Finally, certain businesses and investments may not be able to be given away in a will, depending on the type of business or investment in question and the applicable state law. Therefore, it is important to talk to an attorney if you have questions about what you can and cannot give away in your will.
Related FAQs
What are the consequences of failing to properly execute a will?How do I calculate estate taxes?
How long does it take to probate a will?
What happens if a beneficiary dies after the testator?
What is an Intestate Estate?
What is the difference between a will and a trust?
How do I make a will?
What is a pour-over will?
How do I create a trust for my beneficiaries?
How do I change the beneficiaries in a will?
Related Blog Posts
Understanding Wills and Probate Law: The Basics - July 31, 2023The Benefits of Establishing a Will: An Overview - August 7, 2023
Creating a Trust to Maximize Estate Planning Benefits - August 14, 2023
How Executors Handle Probate: A Step-by-Step Guide - August 21, 2023
The Difference between Wills and Living Trusts - August 28, 2023