Illinois
Dr. Prabhakar Joshi
A Will is Necessary for everyone although a person does not have property.
A valid will is the cornerstone of a well-planned estate
No Maharashtrian should lose money/property for not having a Will
a. A will is to be written at far end of life
b. Writing a will is a complicated process and so we will do it later
c. A will cannot be changed
A will is not needed because I do not have much property, etc.
Accidents; Premature Deaths; Incapacity
Joint tenancy; frozen bank accounts; safe deposit boxes can be sealed; state laws differ; probate court will take much longer and will take away large portions of property; exclusions by probate courts
Age; witnesses; signatures; filing
Buy and sell agreements; a living trust; life insurance; joint tenancy
Copies will be available
Pleasure of giving through a will to entities such as BMM, etc.
Dr. Prabhakar G. Joshi
Dr. Joshi is a retired professor, is a life member of VHPA and has established endowments with VHPA, Chinmaya Mission in USA and in India. The purpose is to give awards for excellence. He earned BMM award during the last convention,