Easy Questions  
Free Legal Documents

What is a Last Will and Testament in Alba, PA

What is a Last Will and Testament in Alba, 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.

 
Personalize & Print a Free PA Last Will Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free PA Living Trust Download this Document
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 Alba, PA
Palange Dawn M L
200 Spring Ridge Dr # 205
Reading, PA 19610
(610) 685-9960
Family Law Attorneys, Wills, Trusts & Estate Planning Attorneys, Attorneys
Lutz George M
845 N Park Rd Ste 101
Reading, PA 19610
(610) 372-9900
Bankruptcy Law Attorneys, Attorneys, Legal Service Plans
Alderfer Jennifer R
845 N Park Rd Ste 101
Reading, PA 19610
(610) 372-9900
Bankruptcy Law Attorneys, Attorneys, Legal Service Plans
Case Dexter K
845 N Park Rd Ste 101
Reading, PA 19610
(610) 372-9900
General Practice Attorneys, Attorneys
Case Di Giamberardino & Lutz
845 N Park Rd Ste 101
Reading, PA 19610
(610) 372-9900
Attorneys,  Legal Service Plans,  Bankruptcy Services,  Management Consultants,  Bankruptcy Law Atto
Robert Mirin
2515 N Front St Ste 1
Harrisburg, PA 17110
(717) 909-9900
General Practice Attorneys, Attorneys
Von Vital Todd M Attorney
200 Spring Ridge Dr Ste 202
Reading, PA 19610
(610) 939-9866
General Practice Attorneys, Attorneys, Legal Service Plans
Freeburn & Hamilton, P.C.
2040 Linglestown Rd
Harrisburg, PA 17110
(717) 265-9822
Automobile Accident Attorneys,  Accident & Property Damage Attorneys,  Attorneys,  Employee Benefits
Gallagher Terrence V
416 Jefferson Ave
Scranton, PA 18510
(570) 347-9816
Accident & Property Damage Attorneys,  Attorneys,  General Practice Attorneys,  Legal Service Plans
Nichole M Staley O'Gorman
1820 Linglestown Rd
Harrisburg, PA 17110
(717) 236-9777
Attorneys,  Divorce Attorneys,  Mediation Services,  Child Support Collections,  Divorce Assistance,
Benjamin Hess
1408 Penn Ave
Reading, PA 19610
(610) 376-9736
Attorneys, Real Estate Attorneys, Insurance Attorneys, Product Liability Law Attorneys, Litigation &
Altland, P Daniel - Caldwell & Kearns
3631 N Front St
Harrisburg, PA 17110
(717) 686-9592
Corporation & Partnership Law Attorneys,  Attorneys,  Family Law Attorneys,  Real Estate Attorneys,
Caldwell & Kearns (Douglas K. Marsico)
3631 N Front St
Harrisburg, PA 17110
(717) 686-9592
Attorneys,  Criminal Law Attorneys,  Drug Charges Attorneys,  Traffic Law Attorneys,  Legal Service
Caldwell & Kearns Pc
3631 N Front St
Harrisburg, PA 17110
(717) 686-9592
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Banking & Mortgage L
Placey Richard L
3631 N Front St
Harrisburg, PA 17110
(717) 236-9577
General Practice Attorneys, Attorneys
Vance Jr Robert T
100 S Broad St # 1530
Philadelphia, PA 19110
(215) 557-9550
Vance Robert
100 S Broad St # 2230
Philadelphia, PA 19110
(215) 557-9550
Attorneys, DUI & DWI Attorneys, General Practice Attorneys, Legal Service Plans
Mancke John B
2233 N Front St
Harrisburg, PA 17110
(717) 686-9395
Criminal Law Attorneys, DUI & DWI Attorneys, Attorneys
Navitsky Olson & Wisneski
2040 Linglestown Rd Ste 303
Harrisburg, PA 17110
(717) 541-9205
Insurance Attorneys,  Attorneys,  Personal Injury Law Attorneys,  Legal Service Plans
Andrascik Allen
2601 Darlington Rd
Beaver Falls, PA 15010
(724) 846-9188
Attorneys, Legal Service Plans
Serratelli Schiffman Brown & Calhoon PC
2080 Linglestown Rd Ste 101
Harrisburg, PA 17110
(717) 540-9170
Social Security & Disability Law Attorneys,  Attorneys,  Corporation & Partnership Law Attorneys,  E
Serratelli, Lori K - Serratelli Schiffman Brown Cal
2080 Linglestown Rd Ste 201
Harrisburg, PA 17110
(717) 540-9170
Attorneys, Criminal Law Attorneys, Family Law Attorneys, Divorce Attorneys, Social Security & Disabi
Marcin Frank A
811 Mulberry St
Scranton, PA 18510
(570) 347-9050
General Practice Attorneys, Attorneys, Legal Service Plans
Marcmn Law Office
811 Mulberry St
Scranton, PA 18510
(570) 347-9050
General Practice Attorneys, Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US