Does the Quicken WillMaker will have a common disaster clause?
A clause that deals with what will happen if spouses die at the same time is sometimes referred to as a common disaster clause. The Quicken WillMaker will does not use a common disaster clause. Rather it provides for such an event using two common tools alternate beneficiaries and a survivorship requirement of 45 days. The will states that if your beneficiary does not survive you by 45 days, then the gift goes to your alternate beneficiary. Here s an example to show how this works to provide for a common disaster: Harry and Wilma are in a fatal car accident. Wilma dies immediately, and Harry dies a few days later. In each of their wills, they left everything to the other with a survivorship requirement of 45 days. Wilma named her sister as her alternate beneficiary and Harry named his son from a prior marriage as his alternate beneficiary. Because Wilma was already dead when Harry died, his property goes his son. Because Harry did not outlive Wilma by 45 days, her property passes to he
A clause that deals with what will happen if spouses die at the same time is sometimes referred to as a “common disaster” clause. The Quicken WillMaker will does not use a common disaster clause. Rather it provides for such an event using two common tools – alternate beneficiaries and a survivorship requirement of 45 days. The will states that if your beneficiary does not survive you by 45 days, then the gift goes to your alternate beneficiary. Here’s an example to show how this works to provide for a common disaster: Harry and Wilma are in a fatal car accident. Wilma dies immediately, and Harry dies a few days later. In each of their wills, they left everything to the other with a survivorship requirement of 45 days. Wilma named her sister as her alternate beneficiary and Harry named his son from a prior marriage as his alternate beneficiary. Because Wilma was already dead when Harry died, his property goes his son. Because Harry did not outlive Wilma by 45 days, her property passes t
