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"Holograms" in Estate Planning: Knives Out and Aretha Franklin
Manage episode 299682256 series 2951249
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The theme for this episode are holographic wills, which is the official term for wills that the deceased drafts by hand. These type of wills are only valid in some states, New Jersey included, but in order to be accepted and probated by the court there are several requirements like: It has to be written by hand, signed and dated by the decedent, the signature and key provisions are clearly written by the same hand testimony by a handwriting expert and/or witnesses who are familiar with the decedent’s handwriting, The holographic will must be presented to the Superior Court by an order to show cause in order to be probated. To illustrate this we have the fun movie Knives Out (2019) starring many Hollywood stars like Daniel Craig (James Bond), Chris Evans (Captain America), Jamie Lee Curtis, Tony Colette, Christopher Plummer, and Ana de Armas, in which a wealthy mystery writer changes his will last minute to cut out his greedy family and inherit his kind nurse instead. We also talk about Aretha Franklin’s estate, who left four hand-written wills giving her adult children and lawyers a real challenge in order to figure out which version is the correct one, so they eventually can probate it.
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