Show a Tune Time T To Spare By GERALD ANDREWS Retirement Adviser Probate Problems when When youre you're drawing up tip your last will and testament one of the first things you should think about is your wife's bank account That Is assuming your wife Is your chief beneficiary You might not think Im I'm talking good sense at this point An heirs heir's bank account and an anheir's anheir's anheir's heirs heir's Inheritance seem like two different things But the fact Is theres there's a close connection between them Its na name ing the validation of a will followed followed fol fol- lowed by the implementation of the terms mentioned therein I scarcely need to emphasize that probate can be a long out drawn-out affair with many technicalities It often takes sixto six tj t. to eighteen months to process a will The legal eagles have been talking of simplifying the system for a long time But even a up speeded speeded method method meth meth- od of handling wills wont won't do away with a time Interval however however how how- ever short between death and Inheritance During that perIod period period per per- iod the deceased's money may not be available even to his wife You can see why she should have her own account to draw on to meet her most pressing bills bIDs I Ir Any lawyer tawyer should point out r this him necessity about Iro your when will nr you It t belong consult cl In the same category with advice ad advice vice about other means of pro protesting testing her trusts her trusts gifts insurance ance and so on One pitfall to avoid Is the assumption that a dual bank account clears this hurdle since either partner can draw from it i at will The death of the husband husband hus hus- band may actually tie up the account by court order until I Ithe the disposal of his estate has 10 been beeR A s settled widow should be spared spared j jA financial trouble In her bereave bereave- H 1 ment She has enough worries simply trying to think out a anew anew anew new life liCe for herself Her husband cannot assure her quick access to her legacy from him But he can prevent prevent prevent pre pre- vent her from being badgered by bill collectors while she is ia waiting for the court to makeup make makeup I up its mind He can make sure that not all the family money is tiede tied up by placing c some of it at atthe atthe the e bank in her name 1 I IFor For a much fuller discussIon discussion discussion discus discus- sion of this Important topic send 50 SO cents for the May a is Is sue dor of Harvest Years e to Harvest Harvest Har Har- vest Years Publishing Co Dept M E E. Street New Y York rk N. N NY Y f IS I 1 |