- You Can’t Take it With You so Why Not Make a Will?
A Last Will and Testament is one of the most important legal documents a person can create during his or her lifetime. If a person dies without a Will they are said to have died “intestate” and state laws will determine how and to whom the person’s assets will be distributed. If a person dies without a Will the beneficiaries can not dispute the court’s distribution of that person’s estate under the intestacy laws. Even if that person expressed different wishes verbally during their lifetime the statutes control the distribution. With a valid Will, a person can legally determine how their property will be distributed… and to whom. … more
Wills
While just about everyone should have a will, most of us don’t. A will is a written document that outlines how your property will be distributed upon your death, who will care for your children (if you have any), and can provide for any special instructions you’d like to make about your affairs. It is actually a fairly simple legal document in the grand spectrum of legal instruments. There are different types of wills, but most wills are referred to as "simple wills". State laws vary slightly regarding requirements for a valid will. While a will can usually be drawn up by an attorney for a reasonable fee, it is also possible to draw up your own will using standard forms. It is recommended, however, that you have an attorney review your will to determine that it meets your desired objectives and any particular legal requirements in your state.
For more information about Wills, click here.
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If I set up a Living Trust, do I still need a Will?
Yes. Your Will serves as a back up for assets that you either don`t or are not able to transfer to your Living Trust. Any asset … more -
What is a Will?
A Will is a written instrument containing directions for how the property of the person making the Will (called the testator) … more -
If I set up a Living Trust, do I still need a Will?
Yes. Your Will serves as a back up for assets that you either don`t or are not able to transfer to your Living Trust. Any asset … more