Easy.
Put farm in trust for two youngest children
Everything else, include the saving, exclude the 911, to all 3 children.
Give rnln the 911 :D

Juan,

Rather interesting point there! Force everyone to save. Question, when does money become available to everyone? Do all three receive availability at the same time or when each reaches a specific age?

I had a relative who set aside their estate so it would provide multiple disbursements. Funny thing about it was he kept that a secret. Not everyone who received the initial disbursement received the second. No idea how he worked that out in his will. I had forgotten that but your post reminded me. Thanks, I was named after him and have not really thought about David in years. Happens I guess, we do move on in life after the death of loved ones. I shall cut into a steak in his memory tonight!

He most likely set the disbursement parameters in a trust.

Mine is set to match at 100% of yearly salary after I die and until the money runs out. Then again my kids are 4 and 6 year olds.....

Have the will pay off all your debts and leave the rest to the maid, she'll appreciate it more.

(note: very little experience here. Blah, blah, blah, I'm not an attorney, etc. ).

I think you'll need to get it in writing with a trustworthy attorney designating an Executor of the Will. This should be done witnessed in signature(several witnesses are better), notorized with duplications distributed, and saved in multiple locations.

The Executor of Will and Attorney would optimally not be the same person. That would be a financial conflict of interest.
Executors of Wills can legally charge/deduct/withdrawl a nominal fee for "maintinence", but I'm not sure how much the states differentiate for that number.
Double check this locally.

With a lot of money at stake, a few dollars would be worth it for competant oversight.

There should be specifications put in writing as to where any liquidate-able capital is held as well. (eg: not fully invested in stock holdings of "Bobs watermellon ice cream company")

There should always be someone overseeing the overseer. If the primary executor is not "capable" for whatever reason at that time, a secondary should be designated in writing beforehand. You can alway make modifications or a new will but it will be a whole new process.


There are a hundred types of ways to transfer assets. The more complex, the more legal fees:
-Putting it into a trust with several trustees(an odd number) overseeing it.
-Putting it into a corporation with several board members overseeing it(careful with the rules)....
-Revocable trusts
-Non-revocable trusts
-etc...etc...

Divide everything equally. If anyone really wants a particular item, they can buy it with their share of the proceeds. I have seen nothing but hurt feelings when done any other way,

Lots of good advice so far, a few things not mentioned yet:
An inheritor should never be an executor
Make all liquid assets POD
Grandchildren should inherit from their parents, not you.
The farm is valued at death, if anyone wants it they have to buy the others out or sell.