A Model Not To Live By - The Last Will And Testament
Posted on April 22, 2008 - Filed Under Legal and Law | Leave a Comment
The death of Anna Nicole Smith has at least one valuable outcome, even if it is simply serving as a model of what happens if you die intestate, i. e. without a last will and testament.
One immediate point to take here, by the way, is the youth and vitality of the deceased. Few people who knew her, or knew about her, would have believed on that February morning that later that day they would hear that she was dead.
Wasn’t there something about, “Ye know not the day nor the hour”?
Read More..>>Why Do You Need A Living Trust
Posted on April 18, 2008 - Filed Under Legal and Law | Leave a Comment
You may have heard of a living trust, but maybe you think that only rich people need or can create such a thing. Actually, a living trust is relatively easy to create, and there are very valid reasons why you and I should consider creating one. A living trust effectively empowers your designated trustee to manage the trust’s assets and property for the benefit of you and your family. The trustee can be anyone you choose, including yourself! You will also be able to appoint a successor trustee, much like an executor of a last will and testament, who will see that your wishes are carried out.
Read More..>>An Introduction To Living Wills
Posted on April 18, 2008 - Filed Under Legal and Law | Leave a Comment
A living will is a legal document, which lets a patient decide whether or not to be kept on artificial life support. Often, these documents also appoint someone to take important health care decisions on behalf of the patient. A living will could be a very broad or a narrow document, prepared according to the wishes of the patient. The will is a living declaration of people’s wishes when they meet with serious accident or ailments. It is primarily directed to medical personnel about the type of care the patient wishes to have, or wishes not to have, under situations of terminal illness.
Read More..>>How To Write Your Last Will
Posted on April 14, 2008 - Filed Under Legal and Law | Leave a Comment
If you are reading this, you want to know how to write a Will - a Last Will And Testament. It is actually simple. To write your own Last Will And Testament you have two choices: start from scratch or use a Last Will And Testament form.
Writing a Will from scratch is easy because there is not any required format. Your Will can be written like a letter or a simple statement. It doesn’t matter. What matters is that in the letter or statement you clearly state that you want it to be effective upon your death and that it meets certain legal requirements, especially that you sign it in front of witnesses.
Read More..>>Do It Yourself Last Will And Testament Tips
Posted on April 9, 2008 - Filed Under Legal and Law | Leave a Comment
Contemplation about your death is never pleasant, but doing the wise thing by foreseeing the possible circumstances of your demise and impact on your family is an honorable act. A last will is a document/form that will ensure your wishes are upheld upon your death.
The most important reason why you probably want to make a perfect last will and testament is because you want your loved ones to inherit your precious wealth. You can also use a last will to determine whom the legal guardian(s) for your children will be. A tax efficient last will can help ensure your wealth is mainly transferred to your loved ones by allowing you to name an executor of your will. The executor will ensure the application of the will.
Read More..>>Free Last Will And Testament Forms
Posted on March 25, 2008 - Filed Under Legal and Law | Leave a Comment
A last will or testament is a document that states the ways in which a person can arrange for the distribution of his or her property and possessions after death. Last will and testament regulates others rights over the testator’s property and family after his or her death. People over the age of 18 are legally entitled to write their wills.
There are free last will and testament forms that are available in the market and also on the net. Many legal agencies or organizations provide free forms of the wills, to encourage people to make their last wills. The forms help the testator achieve his or her final wishes so that the precious wealth is transferred to the desired people.
Read More..>>Last Will And Testament Kits
Posted on March 24, 2008 - Filed Under Legal and Law | Leave a Comment
Preparing a will early on in life is a wise decision. It may not be so timely once you are old and senile. Nearly half of all Americans pass away without proper wills.
Every adult must have a will, or the government will step in and appoint a stranger as executor to administer your estate. Besides, you need to designate guardians for your children and bequeath money and gifts to spouse, children, designated heirs and friends. An important task is to appoint an executor of your will, who will see to the efficient administration of your assets after your demise. Making a will is prudent and if done with foresight, will provide for the security and well being of your family after your lifetime.
Read More..>>Last Will And Testament
Posted on March 23, 2008 - Filed Under Legal and Law | Leave a Comment
A will is a legal document that is written to guarantee that the money and belongings of the testator are left to people or organizations desired by him. Without a will, the estate can be subject to many problems. Relatives may also dispute over property, leading to lengthy court proceedings.
In the eyes of law, a will or testament is a document by which a person or the testator regulates the rights of others over his property or family after death. In a strict sense, a will is a general term, while testament applies only to dispositions of personal property. A will is also used as the instrument in a trust.
Read More..>>Last Will And Testament Laws
Posted on February 22, 2008 - Filed Under Legal and Law | Leave a Comment
The laws of each state specify conditions for writing a last will and testament. Under old common law there used to be a separate writing disposing of real property (real estate) called ‘testament’, and a separate writing disposing of all other property called ‘will’. Hence the archaic phrase ‘last will and testament’.
Read More..>>Last Will And Testament Forms
Posted on February 12, 2008 - Filed Under Legal and Law | Leave a Comment
Wills are documents that reflect your deep desires to transfer your assets to those you love in the event of your demise. It says how your property must be distributed among your siblings, children, spouse and friends. There may also be instructions on what should be done to your property (such as providing for donating some money to charity).
Additions to a will, known as letters of instruction, can be created for items that may not be included in the will but may be due for distribution. These letters may carry instructions, like what to do with a pet, disposal of old files, etc. Such instructions are not legal documents.
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