12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

What is a Last Will and Testament in Ava, OH

What is a Last Will and Testament in Ava, OH

A 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.

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 OH Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Related Legal Services near Ava, OH
Pond, Donald K Pond Co
600 Brown St
Akron, OH 44311
(330) 253-9747
Litigation & Tort Attorneys, Attorneys
Jorge H Martinez
20 High St
Hamilton, OH 45011
(513) 887-9700
Attorneys
American Mediation
P.O. Box 112221
Cincinnati, OH 45211
(513) 936-9600
Credit & Debt Counseling,  Debt Adjusters,  Mediation Services,  Arbitration & Mediation Attorneys
Young Sucher & Guidubaldi
1001 Jaycox Rd
Avon, OH 44011
(440) 937-9100
Attorneys Referral & Information Service, Attorneys, General Practice Attorneys
Yoder J Reid
520 S Main St # 500
Akron, OH 44311
(330) 475-8895
Attorneys, Legal Service Plans
Mac Gillivray Linda
325 N Main St
Bellefontaine, OH 43311
(937) 593-8725
General Practice Attorneys, Attorneys
Kampani Dharminder
17140 Lorain Ave
Cleveland, OH 44111
(216) 251-8023
Attorneys, Legal Service Plans
Robert Hoglund Law Office
520 S Main St
Akron, OH 44311
(330) 252-8009
General Practice Attorneys, Attorneys, Legal Service Plans
Wickens Herzer Panza Cook
35765 Chester Rd
Avon, OH 44011
(440) 930-8000
Environment & Natural Resources Law Attorneys, Attorneys, Labor & Employment Law Attorneys
Martin, Kyle D - Mc Cracken & Martin
2 S 3rd St # 570
Hamilton, OH 45011
(513) 737-8000
Attorneys,  Legal Service Plans,  Labor & Employment Law Attorneys,  Social Security & Disability La
Smith Ronald R
203 Northwest St
Bellevue, OH 44811
(419) 483-7724
Accident & Property Damage Attorneys,  Attorneys,  Family Law Attorneys,  General Practice Attorneys
Stringer, Stringer & Gasior
36815 Detroit Rd
Avon, OH 44011
(440) 934-7676
Attorneys,  Accident & Property Damage Attorneys,  Corporation & Partnership Law Attorneys,  Legal S
Meckstroth John R
3646 Glenmore Ave
Cincinnati, OH 45211
(513) 662-7488
Attorneys
Kaffen & Zimmerman
520 S Main St
Akron, OH 44311
(330) 762-7477
Attorneys,  Small Business Attorneys,  Bankruptcy Law Attorneys,  Corporation & Partnership Law Atto
Laatsch Morris H
520 S Main St # 500
Akron, OH 44311
(330) 762-7477
Bankruptcy Law Attorneys, Attorneys, Legal Service Plans
Davidson Law Offices
127 N 2nd St
Hamilton, OH 45011
(513) 868-7100
Personal Injury Law Attorneys, Insurance Attorneys, Attorneys
Wilms Denise G
36855 American Way # 2C
Avon, OH 44011
(440) 934-7060
Mon-Fri 8:30am-5pm, Sat 8:30am-2pm, Appointments Available
Conese Mark
26 S 3rd St
Hamilton, OH 45011
(513) 737-7044
General Practice Attorneys, Attorneys, Legal Service Plans
Hull Alexandra
362 S Main St
Akron, OH 44311
(330) 762-6767
Attorneys, Legal Service Plans
Keck William C
6 S 2nd St
Hamilton, OH 45011
(513) 863-6700
General Practice Attorneys, Attorneys, Legal Service Plans
Millikin & Fitton Law Firm
6 S 2nd St # 600
Hamilton, OH 45011
(513) 863-6700
Attorneys, General Practice Attorneys, Legal Service Plans, Business Law Attorneys, Real Estate Atto
Butler County Bar Assn
315 Maple Ave
Hamilton, OH 45011
(513) 896-6671
Attorneys Referral & Information Service
Marcie Jay C
1001 Jaycox Rd Ste 1
Avon, OH 44011
(440) 937-6604
Attorneys
Marcie & Associates LPA
1001 Jaycox Rd
Avon, OH 44011
(440) 937-6600
Probate Law Attorneys, Attorneys, Wills, Trusts & Estate Planning Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US