Buying a new business vehicle? A heavy SUV is a tax-smart choice
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year...
1 min read
Maurice La Verdure
:
Sep 1, 2021 11:00:00 AM
Some people make video recordings of their will signings in an effort to create evidence that they possess the requisite testamentary capacity. For some, this strategy may help stave off a will contest. But in most cases, the risk that the recording will provide ammunition to someone who wishes to challenge the will outweighs the potential benefits.
Video will be closely scrutinized
Unless the person signing the will delivers a flawless, natural performance, a challenger could pounce on the slightest hesitation, apparent discomfort or momentary confusion as “proof” that the person lacked testamentary capacity. Even the sharpest among us occasionally forgets facts or mixes up our children’s or grandchildren’s names. And discomfort with the recording process can easily be mistaken for confusion or duress.
You’re probably thinking, “Why can’t we just re-record portions of the video that don’t look good?” The problem with this approach is that a challenger’s attorney will likely ask how much editing was done and how many “takes” were used in the video and cite that number as further evidence of a lack of testamentary capacity.
Employ alternative strategies
For most people, other strategies for avoiding a will contest are preferable to recording the will signing. These include having a medical practitioner examine you and attest to your capacity immediately before the signing. It can also involve choosing reliable witnesses and including a “no contest clause” in your will. In addition, you might consider using a funded revocable trust, which avoids probate and, therefore, is more difficult and expensive to challenge.
Before pressing “record” and signing your will, talk with us about how to proceed.
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