Published: Wed, 29 Mar 2017 00:52:19 -0500
Mon, 28 Nov 2016 13:19:50 -0600Usually, will disputes happen when one of the beneficiaries has a conflict about how the property is going to be distributed. Normally, one of the beneficiaries brings up the dispute. However, a third party may also file the dispute and their name may not be mentioned in the will. If you want to know more about this subject, you may want to read through this article. This article gives some examples of will disputes and the best ways to handle them.
Tue, 16 Aug 2016 09:45:05 -0500In the UK, an individual is entitled to leave their estate to whomever they choose. They can leave it to charity, to an individual or put it in a Trust. It is their choice. However, finding out you've been left out of a Will can be extremely distressing, both emotionally and, in some cases, financially. The law does provide protection for certain individuals, such as those who are financially dependent on the deceased. In order to challenge a Will you must have shared a certain relationship with the deceased.
Tue, 10 May 2016 07:32:56 -0500When you see the dead body of your loved one, you are in a terrible state of shock. No doubt you have got nothing to do with the property, the money and the inheritance that you have been assigned with, deep down inside, you know that you must go on and live your life with a smile after a few days. After all, no one can control death and the things that are beyond your control make you surrender in life.
Tue, 23 Feb 2016 11:15:35 -0600A will is a legal document that outlines what one would want to happen after their death in terms of their funeral, care for their children and most important of all, distribution of their estate. When a person dies having drafted their will, they are said to have died testate in legal terms. The opposite of this would be dying intestate.
Thu, 31 Dec 2015 15:37:40 -0600Our culture is shy about death, yet it is inevitable. Why not consider it a natural event to be planned for such as birth. Consider this article as a step in the right direction in welcoming and planning for this once in a lifetime event.
Tue, 08 Dec 2015 10:15:19 -0600Most people prefer not to dwell on this subject, but the fact is that life is transient. Upon the death of an individual, the fate of their property must be decided. Inheritance is the universal practice of passing on property, as well as rights, obligations, debts and even titles.
Tue, 08 Dec 2015 10:13:49 -0600Inheritance in Israel is governed by the Succession Law of 1965 ('Succession Law'). According to the law, a person's estate passes on to his or her heirs upon death. This may happen in one of two ways: by will or by law.
Tue, 10 Nov 2015 09:53:28 -0600Cyprus Succession and Wills Law, Cap. 195 and how the new EU legislation 650/2012 supports cross-border succession. In Cyprus, an individual can distribute his/her estate by drafting a Will. In case, a deceased person had not prepared a Will during his/her lifetime then his/her estate will be distributing according to the Cyprus Wills and Succession Law, Cap. 195. Precisely, the distribution of an estate could be regulated by a Will or according to the Law or both.
Fri, 30 Oct 2015 09:28:30 -0500You know you're going to die sooner or later. You probably even know who you'd like to get your money and your stuff. But, are you one of the 2 out of 5 Americans over the age of 45 who doesn't have a will? Here are 5 reasons to get that will written.
Thu, 29 Oct 2015 10:08:31 -0500The initial excitement that occurs when you come to know about receiving some inheritance stays just for a short duration because the excitement turns into impatience on realizing that the process is taking too long. Understanding the working of probate loans help if you are a possible heir.
Thu, 29 Oct 2015 10:05:12 -0500The inheritance of property is not a simple procedure. You may have written your Will already and assume that when you are no more the property and everything you own will automatically be passed over to the person indicated in your Will. Unfortunately legal proceedings are not so simple.
Thu, 29 Oct 2015 10:03:52 -0500Being named an heir is definitely exciting news. Though exciting when it comes to acquiring the inheritance it could get tiring. The probate process is long and tiresome. Ensuring and confirming the heir and passing on the property of the deceased to the deserving person is done through the process of probate.
Tue, 29 Sep 2015 13:54:54 -0500If you have decided to make a will, but you are not sure how you are going to create it, you have just two options: you can do it by yourself or you can hire an experienced wills lawyer to help you make a will. Both options have their own distinct advantages; however, making the choice on the right option will depend on your specific needs.
Thu, 17 Sep 2015 12:42:48 -0500Estate planning is an important step for anyone. There are some myths that force people to think they don't need a will or a trust. However, it is just good practice to ignore these myths and put your wishes in writing.
Fri, 04 Sep 2015 14:27:59 -0500When a will is written with future events in mind it can protect your inheritance from divorce, bankruptcy, inheritance tax and from a second marriage. This article covers four common scenarios but it is only through discussing your own situation with a professional will writer and with proper advance planning, that you can ensure that your children's inheritance is safe.
Thu, 27 Aug 2015 08:56:06 -0500It is the sole responsibility of the person named as the executor to distribute the monies in a responsible manner when there is a situation where the deceased has had a will made. In cases where a solicitor or a bureau is handling the Will then they would have to talk to the beneficiaries in person. This will allow for proper and meticulous payment arrangement in a timely manner.
Wed, 12 Aug 2015 10:59:29 -0500This week, we start off addressing the need of the every-day person to set up an estate plan. It's likely that many readers shy away at this idea, especially when reading that amorphous word-"estate." And, it's also as likely that many of us think that an estate plan is reserved for those who own multiple homes, a boat, numerous fancy vehicles, and loads of cash and jewelry stored away in some safe deposit box. But, that's not the case.
Tue, 04 Aug 2015 13:18:55 -0500Family feuds can be dangerous as far as dividing or sharing and managing property and money left by a deceased person is concerned. A will can however make all the difference for those you leave behind when you are gone because you guide them on how to handle everything that you have left behind. Writing a will is therefore very important but you also need to ensure that your will is valid and reasonable. A will lawyer can help you with the process and to guide you as well on your options in decision making, advice on the will and double checking to see that the will interprets your instructions correctly.
Fri, 24 Jul 2015 10:36:16 -0500Wills and trusts are not the same thing. So, what's the difference?
Thu, 23 Jul 2015 15:30:19 -0500Foreign real estate is an effective asset protection strategy, but it's still vulnerable to legal proceedings. If you don't plan ahead, you could lose your offshore property to a little-known law.
Wed, 22 Jul 2015 11:06:07 -0500With a will, it is cheaper to prepare but it can be expensive to probate. In many jurisdictions, according to estate law, this is a legally binding document, which will allow you to give your assets to a designated beneficiary or beneficiaries. Unfortunately, this usually does not happen until after the person of the will dies. A will executor carries out the distribution of their assets. After the creator dies, the will must go through probate.
Thu, 16 Jul 2015 15:54:00 -0500The purpose of this article is to reveal the potential problems that can arise when one spouse dies during the divorce process. Yes, death is a difficult topic to address, especially when coupled with divorce. But, the hard truth is that ignoring it does not make it go away.
Wed, 15 Jul 2015 06:47:34 -0500The Family Provision Act of Australia states that spouses, children, parents, or even de facto partners are entitled to file claims for not having been provided for adequately under a Will. You can also argue that the will was unfounded or certain conditions were not correct. Former spouses and de facto partners, grandchildren and step children may be eligible for claims depending on circumstances.
Mon, 29 Jun 2015 13:50:56 -0500It is never a comfortable topic to consider, but everyone has to at some point. Learn whether you need a will to distribute your property when you pass.
Thu, 07 May 2015 08:53:20 -0500A will is a tool of financial planning which is only effective when the person who makes it dies. It helps to distribute your estate to your loved one.
Thu, 07 May 2015 06:35:17 -0500Don't have a will? Estate planning lawyers can help ensure that your loved ones are taken care of after you're gone.
Thu, 07 May 2015 06:26:40 -0500Don't let the strangers decide the fate of your estate when you shuffle off this mortal coil. Have a tax attorney help you write your last will and testament today. Find out how here.
Tue, 05 May 2015 10:03:55 -0500When someone dies, his or her assets should go through probate. The probate process includes collecting the deceased's assets, paying off liabilities and necessary taxes, and administering property to heirs as per the will.
Tue, 27 Jan 2015 09:04:16 -0600As time continues, many of us quickly start realizing that life will not last forever. The day will eventually come when we take our last breath and say our final goodbye. And when we do, everything we have collected and worked for will be left in the hands of a single document: your Last Will and Testament. But creating a Final Will can be a daunting and expensive task, especially for those who have no legal writing experience. That is why we have come up with this list of five simple tips to help you get started in creating your own Last Will and Testament.
Wed, 14 Jan 2015 13:08:17 -0600The former heavyweight boxing champion of the world Mike Tyson once said "everyone steps into the ring with a plan, until they get punched in the mouth." It makes a lot of sense when you think about it. Namely, most of us "think" we have a workable plan in place... until life throws us some sort of curve. Could this be you, especially if a healthcare crisis strikes you or a loved one from out-of-the-blue? With things such as the cost of nursing home care on a steady rise, having some sort of make-shift plan or worse no plan in place at all to protect things like your home and assets can wind up being a tragic oversight.
Mon, 15 Dec 2014 09:00:02 -0600Estate planning is an essential responsibility for those who have enough foresight to realize that, well... we will eventually move on to whatever afterlife awaits us and leave our loved ones behind. Estate planning is also a legal procedure and, like most all legal procedures, can be ineffective or even detrimental if not done properly.
Mon, 17 Nov 2014 09:11:34 -0600This article is about which issues people tend to focus on for their New Years Resolutions and/or New Year's Positive Plan. The article is written from a legal perspective and addresses issues that can be resolved with good planning and set you up for a great New Year.
Wed, 29 Oct 2014 06:59:22 -0500If you are unsure if you are able to receive your partner's superannuation after they have passed away you might want to take a look at this article. The bottom line is to always consult a professional legal advisor but here are a few points to be aware of when preparing a will that you don't want to be contested.
Mon, 13 Oct 2014 11:16:55 -0500The main reason for undertaking an estate plan is to make sure assets are inherited by the right people, while attracting little tax. The best way to plan for these certainties, namely death and taxes, is through designing an estate plan. Ideally, a lawyer is recommended to help with the planning.
Wed, 01 Oct 2014 07:35:49 -0500Will forms and estate planning documents include: Last Will and Testament, revocable living trust, trust agreement and living will. Choosing the correct will form is the first step. It is also very important to know the pitfalls and to avoid them.
Tue, 30 Sep 2014 14:14:07 -0500The Last Will and Testament is a directive of how you would like your estate to be handled. Guidelines and important tips on how to complete your last will to ensure that your wishes are adhered to.
Mon, 22 Sep 2014 14:37:12 -0500Do you have a special needs child? Chances are, if you do, that special needs child is receiving much-needed government benefits. Those government benefits come in the way of several forms.
Thu, 18 Sep 2014 09:14:38 -0500Estate planning is an important process, where you will be legally documenting your assets and property sharing decisions. Your 'Will' will be legally executed by your attorney after your death. Property planning can also be a crucial step to secure your financial future too, as almost all companies have abandoned the pension and retirement plans.
Mon, 15 Sep 2014 11:14:27 -0500Many people can remember the very public case of Terri Schiavo. For a brief period in time the case gripped the nation. However, had Terri taken a few steps early on, her case would have been like so many others and never been so scrutinized.
Fri, 29 Aug 2014 11:11:51 -0500A married couple were allowed to destroy a trust which had been badly trusted, when a mistake meant that the wife could not benefit from it. The trust had been set up by her spouse some years ago, in order to be able to provide for his family if he died, using the bank to act as the trustee.
Wed, 20 Aug 2014 07:47:58 -0500Not many of us take up estate planning as seriously as we should. There is a common misconception among people that planning of estates is meant for only landlords, with wealthy and rich families. Well, that is not the fact!
Fri, 15 Aug 2014 09:57:39 -0500The proper legal documents you need to protect your family. Information about how important a will, healthcare power of attorney and living will directive is. Understand how these documents can help your family in a time of great pain and how to have them completed correctly and make it cost-effective!
Thu, 31 Jul 2014 07:20:27 -0500Will making is a legal procedure that will need an expert supervision. Willjini is one of the leading succession service providers who will help you in writing your own legal will with ease.
Tue, 22 Jul 2014 09:39:08 -0500Like most legal documents, the importance of a will increases with its acceptance amongst authorities. Making a Will is a complete legal procedure and its advantages are many which make the preparation imperative on the part of the owner. But the legal responsibility for making a Will shouldn't be taken in a negative light and procrastinated about. Instead the very advantages of making a Will could be the single greatest catalyst for the preparation of a Will by the owner of the assets. Below are a few of the major advantages of making a Will that could be the catalyst for the owner to prepare it.
Wed, 16 Jul 2014 08:08:29 -0500Specific instructions regarding distribution of the assets and transfer of the funds are vital for any divorce settlement agreement. In case as per the agreement the couple has agreed for 401K Divorce, the court has to issue a Qualified Domestic Relations Order (QDRO) that gives instructions regarding payment to be made to the non-employee spouse as the share of the plan benefits. This order provides the provision to separate the retirement account, withdraw money from the same without penalty and deposit the same into the retirement account of the non-employee spouse.
Wed, 09 Jul 2014 08:13:11 -0500Each individual with any asset should make a Will. Even if someone has insurance policy, he/she should make a Will thereby insurance claim can be distributed within family or else all such asset will be distributed as per succession laws.
Mon, 23 Jun 2014 10:04:41 -0500Only 55% of Americans have wills. Most young people do not think they will need a will, or think it unlucky to have one. However, their families need the peace of mind that having a will or trust will provide.
Tue, 22 Apr 2014 14:09:52 -0500Advance Directives are an important part of end of life planning. The most efficient way to secure an Advance Directive is through a secure, online registry.
Thu, 17 Apr 2014 07:48:16 -0500There comes a time when certain home based issues cannot be solved by family members due to certain differences which prove quite complicated. In such cases a Probate Attorney is hired to come up with reasonable solutions.
Thu, 03 Apr 2014 08:56:20 -0500If you don't understand the difference between a living will and a medical power of attorney, you're not alone. Get an explanation from a will attorney so you know what each of these documents do.
Fri, 28 Mar 2014 14:40:03 -0500One of the worst family situations must be when someone wants to contest a Will. The death of a family member is highly emotional and stressful at the best of times, so having your loved ones Will contested is not ideal.If you are aware of the circumstances in which a Will can be contested, then this will go along way in ensuring that your final wishes will indeed be final.
Wed, 26 Mar 2014 10:38:23 -0500Many people put off making a Will. Since no one knows when their time is up, I've noted the 7 main reasons why you should. You've worked hard to acquire your assets, don't leave your family unprotected, they'll thank you for it when you've gone!
Thu, 27 Feb 2014 07:51:25 -0600The contract is nothing, but a legally enforceable agreement entered into between two parties. Each of them makes a guarantee to either perform a duty or pay a particular amount. If one of them do not perform the agreed upon duty or pay, the other party has the liberty to get a legal relief for the same.
Tue, 18 Feb 2014 07:35:46 -0600For most people, making a will is something they'd rather not do because it forces them to confront the reality of death. As such, they keep putting it up until they die without one so to avoid any disputes after you're gone, read on to find out what you need to do to prepare a will to make sure your loved ones are taken care of even when you're no longer there to do it.
Mon, 10 Feb 2014 08:47:45 -0600Legal Process Outsourcing (LPO) arrangements often involve the management of large volumes of personal information about an organization's customers or employees. Often, this information includes highly sensitive information, such as financial and medical data, payroll and benefits information, and even personal social security numbers.
Mon, 27 Jan 2014 08:43:14 -0600Special needs children can require specific considerations in your will. Learn about why a special needs trust and guardianship is important for your family.
Mon, 27 Jan 2014 08:42:28 -0600As your parents age, it's important to plan for the future. Here are some tips to make a sensitive conversation easier.
Tue, 21 Jan 2014 16:22:00 -0600Living wills and advance directives have lately become the hot topic of discussion with the case of the brain-dead pregnant women in Texas going to the courts to decide. While her individuals rights versus Texas state law makes for a heated debate, the real question for most Americans and Canadians should be 'What happens if you don't have a living will and the unthinkable happens?'
Wed, 15 Jan 2014 06:47:35 -0600A document that contains the wishes of the person regarding the disposal of the property of such a person is known as Will. The property of a person is distributed among the heirs of the deceased by two methods - by testamentary succession and intestate succession. Intestate succession is the succession where the deceased dies without leaving behind any testament while testamentary succession is when the deceased on dying leaves behind a testament for the disposal of his property.
Tue, 17 Dec 2013 07:33:26 -0600If you don't think you need estate attorneys, think again! Here are three common situations in which an attorney can help.
Tue, 17 Dec 2013 07:31:30 -0600If you've never gone through the estate planning process or been through the probate process following a loss in the family, you might not understand just what probate attorneys actually do. Learn more about what you can expect from this type of lawyer and why it's important to have one on your side when you're writing a will and going through probate procedures.
Mon, 09 Dec 2013 13:18:10 -0600If a person dies without protecting his or her current spouse in his or her will, the law will protect the surviving spouse. There are two ways the surviving spouse is protected, 1) if there is a valid will that does not protect the surviving spouse he or she may exercise the spousal elective share (a statute allowing him or her to elect to take a specified portion of the probate estate), 2) if the is no will or the will is found invalid, the surviving spouse will receive an intestate share (statutory system for the division of property without a will).
Tue, 12 Nov 2013 10:15:13 -0600Estate planning is easy, right? Just rename your property to include all of the joint tenants you want to leave it too? Let me show you why this is one of the worst ideas ever!
Tue, 12 Nov 2013 10:05:15 -0600For anyone with children under the age of 18, establishing legal guardianship in a will is a difficult but vital task. In order to ensure your children are placed in the home of your choosing, here are five important questions to consider.
Thu, 24 Oct 2013 08:21:02 -0500This article looks at the disputes sometimes caused by families who fall out over inheritances. It examines the case of Philip and Geoffrey Randall to highlight the importance of legal evidence of family circumstances before a member has deceased to determining the outcome of these problematic cases.
Wed, 23 Oct 2013 15:59:12 -0500This article highlights the problem of 'Bona Vacantia', or vacant goods. It stresses the importance of registering a will so that one's worldly goods do not end up going to the monarchy, as medieval tradition dictates, upon death. By registering a will cheaply and easily, one has the say over where their possessions will go.
Wed, 23 Oct 2013 15:37:47 -0500This article highlights the importance of registering a will. It outlines how wills are not used simply to indicate where one's possessions will end up after death - in fact, it can also enable one to have a say upon preferrences including whether they are buried or cremated. On top of this, wills can assist in avoiding situations where remaining family members are left struggling financially. Otherwise, this can lead to hardship and complications which could have easily been avoided.
Fri, 18 Oct 2013 07:30:27 -0500Using an online Do-it-yourself will kit may seem like a cheap and easy alternative to seeking legal advice from a specialized legal advice but what are the downfalls? This article discusses the potential problems with discount will kits.
Thu, 10 Oct 2013 07:22:16 -0500When there are minor children, a Will should always be used to name a guardian(s) of their persons and property. This guardian is who will be taking care of them in your absence and will also have control over their finances, both from you and for their well being. This guardian that you appoint, needless to say, is someone that you must be able to trust completely with your children and someone who will make sure that they are cared for in the way that you have planned.
Wed, 09 Oct 2013 07:34:11 -0500The 'living will' was the first advance directive and the best known. You use a living will to describe the kind of medical treatments or life-sustaining treatments you would want - or don't want - if you become seriously or terminally ill. But a key point here is that a living will doesn't let you select someone to make decisions for you.
Fri, 20 Sep 2013 11:33:45 -0500A Power of Attorney form refers to a lawful certificate that confirms the formation of a relationship among two persons, called an agent and a principal. This document allows the principal to authorize an agent to work on his behalf. There are many kinds of Power of Attorney.
Wed, 11 Sep 2013 09:09:54 -0500Sure it's easy if you've been married once. If I pass away, give it to my wife and kids. But this just isn't the case if you've been married more than once. You own a rental and want to give it to your first marriage kids, but then how do you divy up the new house with the new kids. We'll cover all of this in The Blended Family Trust - Coping with Multiple Marriage Estate Planning Issues.
Wed, 04 Sep 2013 08:44:44 -0500It's easy to overlook the importance of a will, but in its absence, the heirs of an estate could end up in court for years. Without this precaution in place, any number of things could go wrong.
Mon, 26 Aug 2013 11:47:23 -0500Legal departments and law firms alike have hundreds or thousands of paper contracts stored in file cabinets or saved as spreadsheets. This type of storage system is cumbersome and does not ensure that key dates and payment terms are met and that certain key terms or clauses are implemented.
Thu, 25 Jul 2013 10:32:35 -0500Everyone tells you that estate planning is a necessity, and yet no one really details exactly what estate planning is or what the goals of planning your estate should be. This article details the what and why of estate planning in Canada.
Mon, 08 Jul 2013 09:32:02 -0500Despite the importance of planning one's estate early and with the help of knowledgeable legal representation, many people neglect to complete their will in a timely manner. This article outlines the importance of planning an estate early and with the help of a professional.
Tue, 25 Jun 2013 13:35:37 -0500There are some legal terms which should be understood by every citizen. Because, the lack of this knowledge can make you pay heavy penalties. Here, I'm discussing the legal terms in a very simple language to make everyone understand them.
Thu, 13 Jun 2013 14:42:15 -0500Need to create a Last Will and Testament or thinking about it? This is a succinct and to the point description which outlines the various options that are available for making out your Will and Testament. It gives a simple and straight forward explanation of what you can expect with each of these choices.
Mon, 03 Jun 2013 14:04:12 -0500Upon a will being created it is important that none of the members of the will feel that they have been hard done by and that the will is fair to all parties. Obtaining professional assistance will help you understand all of the problems that you could face and find the best way to avoid these problems.
Thu, 30 May 2013 13:04:36 -0500An estate planning attorney is your best source if you want professional assistance regarding preparing your will and other important documents. Read this short guide and be informed about how you can find a reliable lawyer in your area.
Fri, 17 May 2013 08:39:28 -0500Living Trust or Last Will and Testament? Which is best for you and why? Smart estate planning begins here.
Thu, 02 May 2013 09:06:46 -0500A person is said to die intestate when no effective will has been left to dispose of the person's property on death. The person may die totally intestate or partially intestate which is when a will disposes of only part of the person's property. In either case, there are rules which define the distribution of the person's property in the absence of an effective will.
Thu, 28 Mar 2013 16:37:50 -0500Advance Medical Directive also known by the name of living will, personal directive, or advance healthcare directive is a set of instructions that define the health care parameters in case you are not able to make decisions on your own due to illness or incapacitation. These instructions usually involve the appointment of a person for making health related decisions on behalf of the incapacitated person.
Wed, 27 Mar 2013 10:52:12 -0500Guardianship, which is also referred to as conservatorship, is a legal process that places a "guardian" in charge of making important decisions regarding assets, medical treatment, and more, when a person can no longer make or communicate decisions about his/her own person and/or property. Guardianship can also be an appropriate solution when a person has become susceptible to fraud or undue influence. However, it is important to note that establishing a guardianship may take away certain significant rights from an individual.
Thu, 14 Mar 2013 17:34:21 -0500Preparing for one's death is also about making sure that the property he will leave behind goes to the rightful and deserving persons. To make sure that everything will be in place in case of one's death or incapacity, there has to be careful estate planning.
Tue, 12 Mar 2013 09:52:46 -0500If your spouse were to die tomorrow, would you know their passwords to important online financial data like bank accounts, life insurance or billing? Since we are living in a electronic world, most of our important documents are stored online or in folders in our computer. These accounts use usernames and passwords to secure the information.
Thu, 07 Feb 2013 09:48:52 -0600If you are concerned about preparation for your will - there is hope for you. Many places will prepare with supplies that shall help you legalize the papers for your last will and testament. Having a will has to be done right and you have to use the proper papers for legal wills. Therefore, purchasing will paper is a necessity. This is legal paper which is made specifically for wills. You can also purchase legal stationery and legal office supplies which assist you with planning your will.
Tue, 05 Feb 2013 11:04:17 -0600Making of a will is something that anyone can do. Just keep in mind a few key pointers, and don't try and make it too fancy.
Mon, 04 Feb 2013 10:29:00 -0600Wills, estate planning, living trusts, and powers of attorney are just some legal documents you must draft as soon as possible. These will help you cope with unforeseen circumstances, such as a sudden illness, an accident, a death of a spouse, and other life-changing events.
Thu, 24 Jan 2013 09:01:32 -0600Many people consider having a Will, but what if you don't die? Planning for incapacity is just as important as planning for your demise -- maybe even more so. Incapacity can last for a long time. Are you and your loved ones prepared?
Tue, 15 Jan 2013 08:56:21 -0600Power of attorney (POA) is a written, authorized contract in which an individual, the principal, grants another individual, the agent, the authority to act on the principal's behalf in regard to private, business, or financial decisions. Durable, statutory, and medical are the valuable assortments of power of attorney that are available at present.
Wed, 09 Jan 2013 14:05:26 -0600A will and a Testament are the same thing so your Last Will and Testament means it is the last document of declaration of possessions you made - it nullifies all others made before it. The importance of having a will is to enable your family to take control of your affairs when you die. Writing a will is simple and is crucial to your peace of mind and that of your family.
Fri, 21 Dec 2012 11:54:44 -0600When properly drafted they do! While living trusts have nothing to do with one's real estate tax bills, they can be well crafted to reduce these estate taxes or avoid them entirely. A couple can transfer the ownership of their property into a trust and then act as the trustees of this document. Both the husband and the wife can serve as co-trustees of the property so that when one spouse dies, the other can still be able to manage the living trust and; thus, avoid expensive estate tax bills.
Thu, 20 Dec 2012 14:15:05 -0600Ask your estate lawyers for assistance in planning your estate. Draw up your last will and testament as early as possible before your death or write a living will when you know you have a terminal illness. Finally, create a revocable living trust to avoid paying expensive fees during the probate process and to transfer properties to your beneficiaries faster.
Mon, 03 Dec 2012 15:30:15 -0600Although it is a crucial document that can prevent stress and confusion during an already difficult time, many people are unaware of the purpose and contents addressed within a living will. However, the need for this document can arise for anyone, at any time, with little or no warning. Thus education about living wills is imperative to everyone, regardless of age or health.
Tue, 20 Nov 2012 14:04:49 -0600A Will ensures that physical assets make their way to your spouse, siblings, children or other loved ones. But what about your "electronic assets" such as online bank accounts, website domain names, Gmail, Facebook, blogs, PayPal, eBay, YouTube, LinkedIn, Twitter, and online photo and video collections?
Tue, 20 Nov 2012 11:57:19 -0600Many people do not realise the benefits of creating a will before it is too late. In the UK anyone over 18 years old can make it easier for their loved ones after they have gone. Read this article to discover why you should consider creating your own will if you have not already done so.
Tue, 20 Nov 2012 10:18:13 -0600Many deceased individuals have made mistakes while drawing up their last will and testament. These mistakes include leaving out someone who has the right to partake in the family's assets. As a result, the estate becomes vulnerable to wills disputes that may reduce the other heirs' inheritance and create resentment within the family.
Tue, 20 Nov 2012 10:14:27 -0600The difference between a last will and a living will is briefly described in simple terms. Wills and estate planning is a complicated process. Ordinary people lack the training and academic background to comprehend it without the help of a good family lawyer.
Fri, 16 Nov 2012 17:24:55 -0600Doctors and attorneys often save our life. Doctors do it by medicines and treatments and attorneys do it by their experience, skill and effective methods. Hence hiring an attorney is as critical as hiring a doctor to get rid of some severe ailments.