Can an injury settlement be given in a will?

Q: If the person writing a will is waiting for a claim settlement that could take a long time, is he able to put it in his will?

A: I have seen it in wills. For example, language such as “I hereby give and bequeath any injury settlement proceeds I obtain from my pending law suit against ACME Corporation, to my dear friend, Hans.” If the injury settlement comes in after the estate closes, letters of administration can be subsequently raised temporarily to handle the settlement and payment of  inheritance tax.

If you feel like this issue relates to you, or a problem that you are experiencing, please contact me so that we can discuss your situation.