Easy Questions  
Free Legal Documents

What is a Last Will and Testament in Aaronsburg, PA

What is a Last Will and Testament in Aaronsburg, PA

An important legal document, the last will and testament, is the first building block of a good estate plan. Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death. The estate is the assets or property. You may need to choose between either a will-based estate plan or a trust-based estate plan. Your last will and testament will largely depend on your overall estate planning strategy.

Option 1: Will-Based Estate Plan

All essential details of your last will and testament will be outlined in the will-based estate plan. It will provide information including the person to be put in charge of settling your final affairs (the executor), the persons who will inherit your property (beneficiaries), and the provisions on how they will inherit it. Your last will and testament with a will-based estate plan will cover the following:

1. Who will serve as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will inherit your property

4. How and when your property will ultimately be transferred to your beneficiaries

5. Who will serve as guardian of your minor children until they become adults


Option 2: Trust-Based Estate Plan

In the trust-based estate plan a document called a revocable living trust will cover all the important points listed above in the will-based estate plan with one exception: the person in charge of settling your final affairs after you die is called an administrative or successor trustee instead of an executor. If you have a revocable living trust you will still need a last will and testament so. Ideally, you will fund or move your assets into your trust before you die. If you fail to fund even one asset into your trust, then the last will and testament will be the necessary document that will "catch" the unfunded property and transfer it to your trust after you die. The last will and testament in this case will function as a pour over will that will cause the unfunded assets to "pour over" into your trust through a probate process.


A pour over will needs to cover:

1. Who will be in charge of your assets that were not funded into your trust as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will serve as guardian of your minor children until they become adults

4. What will happen in the absence of a Last Will and Testament?


In order for your property to go to the beneficiary of your choice after you are gone, a last will and testament is recommended.


The absence of a will could result in the state providing a last will and testament on your behalf under the state's intestacy law. The laws of the state that your property is located in will prevail. This can get complicated if you own property in multiple states.

 
Edit, Download, & Print a Free
Pennsylvania Last Will
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Edit, Download, & Print a Free
Pennsylvania Power of Attorney
Page 1
Page 2
Page 3
Page 4
Page 5
 
Edit, Download, & Print a Free
Pennsylvania Living Will
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
 
Edit, Download, & Print a Free
Pennsylvania Living Trust
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Aaronsburg, PA
Margle Law Offices PC
3839 Easton Ave
Bethlehem, PA 18020
(610) 865-9970
Attorneys, General Practice Attorneys, Legal Service Plans, Family Law Attorneys, Divorce Attorneys,
Colaizzi Law Firm
1016 Greentree Rd Ste 110
Pittsburgh, PA 15220
(412) 922-9909
Divorce Attorneys,  Attorneys,  Family Law Attorneys,  Bankruptcy Law Attorneys
Karp & Hart Law Offices
27 Turnberry Ct
Coatesville, PA 19320
(610) 380-9400
Attorneys Referral & Information Service
Lamm Anthony L
3325 Street Rd
Bensalem, PA 19020
(215) 638-9330
Attorneys, Legal Service Plans
Lefkowitz Larry H
4802 Neshaminy Blvd # 5
Bensalem, PA 19020
(215) 750-9202
Attorneys,  Family Law Attorneys,  Personal Injury Law Attorneys,  Legal Service Plans,  Insurance A
Fantini Law Firm
661 Andersen Dr Ste 220
Pittsburgh, PA 15220
(412) 928-9200
General Practice Attorneys, Attorneys, Legal Service Plans
Dugan Mitchell H
4 W Manilla Ave
Pittsburgh, PA 15220
(888) 775-9093
Employee Benefits & Worker Compensation Attorneys,  Attorneys,  Social Security & Disability Law Att
Benjamin F Goodwin Attorney
106 Carmichaels Plz
Carmichaels, PA 15320
(724) 966-9090
Attorneys,  Criminal Law Attorneys,  Juvenile Law Attorneys,  Accident & Property Damage Attorneys,
The Swain Law Firm
2410 Bristol Rd
Bensalem, PA 19020
(856) 558-9069
Attorneys,  Civil Litigation & Trial Law Attorneys,  Business Law Attorneys,  Personal Injury Law At
Whiteman L J
3910 Main St # 1
Homestead, PA 15120
(412) 462-9040
Attorneys, Legal Service Plans
Cacciatore Keith D
3005 Brodhead Rd Ste 23
Bethlehem, PA 18020
(610) 954-8501
Estate Planning Attorneys, Attorneys, Criminal Law Attorneys, Family Law Attorneys, Divorce Attorney
Lacks Stanton M
3220 Tillman Dr Ste 114
Bensalem, PA 19020
(215) 245-8440
Bankruptcy Law Attorneys, Attorneys, General Practice Attorneys
Penn Rise Benefits, Inc.
2512 Grandview Rd
Coatesville, PA 19320
(610) 269-8363
Bankruptcy Law Attorneys
Applebaum and Associates
3910 Bristol Pike
Bensalem, PA 19020
(215) 245-8222
Attorneys,  Personal Injury Law Attorneys,  Criminal Law Attorneys,  Employee Benefits & Worker Comp
Pitt Larry
1928 Bristol Pike
Bensalem, PA 19020
(215) 245-8190
Attorneys, Corporation & Partnership Law Attorneys, Legal Service Plans, Employee Benefits & Worker
Renkert Barbara R
2851 Baglyos Cir # 200
Bethlehem, PA 18020
(610) 867-8181
Attorneys,  Accident & Property Damage Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Corp
Michael Thomas J
436 S Main St
Pittsburgh, PA 15220
(412) 921-8110
Attorneys, Legal Service Plans
Emeka Igwe
1500 Walnut Ave Ste 700,
Bensalem, PA 19020
(877) 758-7842
Criminal Law Attorneys
Varghese Babu
524 W Fisher Ave
Philadelphia, PA 19120
(215) 324-7720
Attorneys, Legal Service Plans
Paul H Young Associate
3554 Hulmeville Rd,Ste 102
Bensalem, PA 19020
(267) 483-7549
24 Hours A Day, 24 Hours 7 Days
Port Clark & Ward
100 Fleet St # 104
Pittsburgh, PA 15220
(412) 921-7350
General Practice Attorneys, Attorneys, Legal Service Plans
Baurnes Gregory J
173 Bellwood Dr
Homestead, PA 15120
(412) 461-7273
Attorneys, Legal Service Plans
Michael J. Mueller
3220 Tillman Dr Ste 201
Bensalem, PA 19020
(267) 934-7248
Social Security & Disability Law Attorneys, Attorneys, Labor & Employment Law Attorneys, Corporation
De Simone Joseph M
1928 Bristol Pike
Bensalem, PA 19020
(215) 633-7080
General Practice Attorneys, Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US