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Writing my Holographic Will - YouTube
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[Music]
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hello everyone and welcome to prosperity
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and possibilities where i help you to
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recognize the possibilities in your life
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and give you ways to increase your
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prosperity which is increasing your
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wealth and your joy because wealth
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without joy
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is not true prosperity
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so today i was trying to be a little
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mysterious about the topic why well
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i've been an accountant and financial
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advisor for many many years
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and i know there are topics that people
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do not want to talk about
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but this is one
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that is extremely important and so easy
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i swear to you this is going to be
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something you can take action on
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right now in the next five minutes
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well after i'm done five minutes is all
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it's going to take you and this is going
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to
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be so important
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yeah i'm
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i'm talking about a holograph will
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a holograph will i hope piques your
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curiosity because you're like okay i
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know what a will is what's called
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holographic is free
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how's that
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yeah so i know what happens when someone
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dies without a will and i know
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that it is a very
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cruel thing
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to do to die without a will
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it's very cruel to the people you were
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leaving behind they are going to be
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possibly traumatized very much grieving
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very overwhelmed there's so many things
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to deal with
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is
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it's so stressful trust me i've had to
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do it and i was so glad
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that there was a holograph will
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we had never gone to a lawyer to get an
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actual will done
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but this is a legally binding will now
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it is here
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i have looked it up and there are
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different roles different places so
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depending on what state or province or
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country you live in you will need to
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check you can look online and see just
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search for the term holograph will i
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will have that shared in the notes
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um
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there may be different requirements it
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may not be a legal thing where you are
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but chances are it is
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now there are definite rules that you
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have to follow to do this
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but first before i get into those i want
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to stress again how important this is if
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you think well if i die without a will
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everything goes to my spouse
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no
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if ever if everything will go to my
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children no no it doesn't it goes to the
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government's rules which there is a long
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thing you don't want to read it but
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there are rules that you have to follow
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and that person cannot your spouse
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that's left behind can't even do
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anything
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until they go to court
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to get permission to administer your
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estate
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how's that for a nice gee babe sorry
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i know you missed me can you go to court
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so you can take care of this for me
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that's mean don't do it
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this it will cost you a piece of paper
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all you need is a pen and a piece of
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paper and
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look it up online so you get the actual
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instructions for where you live but i'm
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going to give you the basic rules
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number one
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date it you put today's date on it so
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right now for me that is october 23rd
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2021
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goes at the top
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then you're going to write
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this is the last will and testament of
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and you're going to write your whole
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name
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one sentence
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sentence two
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you have to name an executor
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for your will the executor is the person
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who is going to be in charge of it you
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need someone you can trust
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and someone
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they have to also be
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intelligent they don't have to be able
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to do everything themselves they just
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have to know that they can hire people
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the estate pays for that
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um before other things are paid for but
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they
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have to have mental capacity they also
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definitely have to live in your country
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possibly in your state or province i'm
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not clear on those rules and see i've
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done a course
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they taught me this stuff i'm not a
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lawyer
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this is not to replace a will
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this is for those of you who are like
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well i don't really know who i want to
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leave what to and we haven't really
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decided if we want to have custody of
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the children and
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okay
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let's pretend you have five minutes to
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live
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do you want the government in charge and
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the one you're leaving behind tortured
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with having to go to court and figure
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everything out or do you just want to
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have them say oh thank god i got this
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piece of paper
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okay we're going for the second one
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right
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so here's what we're going to do
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after you write the first sentence
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this is the last will and testament of
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and your name
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i
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name
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and you're going to put the full name of
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the person as the executor
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you can have a second line if you want
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this says if they are not available or
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don't want to this person can be the
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executor you can do that
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that's two lines
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one more line
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i leave everything too
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do not get creative you're not a lawyer
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there's a lot of things that lawyers
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know how to do with wills that are
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important that you don't have to have to
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make it so that you're dying without a
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will
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this is the basics five minutes take
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control back from the government
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so all you're going to say is everything
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goes to it could be your spouse you can
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name one person you can say everything
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will be divided equally between and in
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two people
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you can say everything will be divided
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equally amongst and name your children
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you don't have to say equally you can
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say this person gets 70 this one gets 30
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but then you're starting to get into the
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weeds
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keep it simple
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we don't want this coming back and being
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a problem we want this to be you have a
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will
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i know somebody that
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they was ill
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and they were
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they did the will with the lawyer and
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they were going to go sign it on monday
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and they died on sunday
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so they died without a will
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this will solve that problem
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and you're going to do this right now
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then you're going to go see a lawyer
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later
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so those three lines are really all you
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need
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but
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they all the whole thing has to be
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completely 100 percent hand written by
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you
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if it's your will
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written by you if it's joe's will joe
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has to write it you cannot write it for
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somebody else it cannot be typed and
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signed it has to be
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100
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in your handwriting and if you're
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thinking oh but i don't know how to do
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script that's fine you can print it as
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long as you do it okay so if you have
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those three things the four things the
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date
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this is the last will and testament of
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i named this person as the executor
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everything goes to
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now sign it
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i say sign it even though in some places
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you require a witness and they have to
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see you sign it sign it anyway
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because you can rewrite it or you can
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just resign it in front of somebody
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we're talking about the cost of a piece
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of paper here and it's not a lot of
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words
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there is two more lines that you can add
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if you have children that are under age
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and that would be
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i name
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this person as the guardian
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or these people as the guardian
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and i want this person to handle the
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estate and trust for the children
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so you can have one person that's really
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good with children and one person that's
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really good with money so you can divide
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it up or you could have one person doing
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both
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that's fine
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now all of these things i have had
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pushback on when i have talked to people
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well i don't know do you think your
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sister might i don't really know any
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pick somebody
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it doesn't have to be perfect it's a
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piece of paper this isn't when you go to
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the lawyer and you have to have it all
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good because it's going to cost you a
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few hundred dollars to go back and do it
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if you write it and you have it done
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and you don't like it you can rewrite it
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10 minutes later just destroy the one
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you did 10 minutes earlier
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there's one more step you need to do and
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that is you have to tell
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at least the executor
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i would suggest also the beneficiaries
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that there is a will and where you put
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it
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if you have any life insurance policies
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i would keep it all together with that
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that's another thing people like to have
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together but this is
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so easy
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and it's so important and you will make
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such a difference for those that you're
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leaving behind
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i've been there
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it's not a fun place to be and if i had
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had to deal with that
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oh my gosh just one more thing would
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have been
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horrible
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it took me this so long just before i
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wanted to open mail again like it's just
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there's
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so much overwhelm and i guess it was
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worth for me because i had um
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all the trauma that i was coming out of
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too so
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but
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this is important
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now
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i really hope you take action on this i
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hope you tell other people about this
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it's not hard to do
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i do recommend
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you still go see a lawyer and have a
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lawyer do a will for you
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that is because there are a lot of rules
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that you don't know about i don't know
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about what lawyers know about and they
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will do a very good job
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on your will so that you don't have any
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worries but this will make it so that
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you have a will
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you don't die intestate the government
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doesn't take control and your loved ones
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don't have to go to court to get
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permission to deal with your stuff
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so
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this was uh sort of a debbie downer
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topic but
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it was necessary and if you have it done
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think about how much more peace of mind
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you can have saying yeah no i do have a
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will because it is a legal will
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technically you have to check where you
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live again
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if you need a witness make sure you go
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and get somebody to watch you sign it
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and have them write their name maybe
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their address phone number contact
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information
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um
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when they witness it just so people can
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get hold of them if they need to
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so
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now that that topic's over with
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ah don't forget leave me a comment so
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there's always going to be a link in the
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description and likely an article on the
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website that goes with this as long as
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i'm on top of my game and uh leave a
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comment
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you can leave a comment on youtube
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please if you have time
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go and leave a review for the podcast
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like subscribe those things will help me
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to reach more people it seems like a
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very tiny thing and it's like i don't
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know if i want to click the like button
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or not click it come on it's just a
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little button as long as you have a
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youtube account you can click it and i'm
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sure on the podcast you can click that
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little heart
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so
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thank you
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and
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i will see you on another episode
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[Music]
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you
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