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 Zip Code 02338

What is a Last Will and Testament in Zip Code 02338

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 MA 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 Zip Code 02338
Carrozza Law Office, P.C.
279 E Central St
Franklin, MA 02038
(508) 654-9809
Family Law Attorneys, Divorce Attorneys, Estate Planning, Probate, & Living Trusts, Business Law Att
Noble Christopher
1280 Massachusetts Ave # 401
Cambridge, MA 02138
(617) 491-9800
Attorneys
Peter J Aspesi Law Offices
800 Main St
Dennis, MA 02638
(508) 258-9218
Not available
Aspesi Peter J
800 Main St Dennis
Dennis, MA 02638
(508) 258-9218
Attorneys,  Criminal Law Attorneys,  Accident & Property Damage Attorneys,  DUI & DWI Attorneys,  Pe
Donovan Francis E
50 Church St # 5th
Cambridge, MA 02138
(617) 945-9025
General Practice Attorneys, Attorneys, Real Estate Management
Mc Dowell-May Laura
567 Main St
Dennis, MA 02638
(508) 385-9009
Attorneys, Legal Service Plans
Yellin & Hyman, P.C.
101 Constitution Blvd.-D
Franklin, MA 02038
(508) 528-8885
Family Law Attorneys,  Divorce Attorneys,  Personal Injury Law Attorneys,  Bankruptcy Law Attorneys,
Attorney Personal Injury
5 East St
Franklin, MA 02038
(508) 541-8585
Attorneys
James F White Pc
5 East St
Franklin, MA 02038
(508) 541-8585
Legal Service Plans,  Family Law Attorneys,  Labor & Employment Law Attorneys,  Divorce Attorneys,  
Summers Andre D
9 E Central St # 6
Franklin, MA 02038
(508) 528-8444
General Practice Attorneys, Attorneys, Legal Service Plans
Roche & MURPHY Law Office
38 Pond St
Franklin, MA 02038
(508) 528-8300
Attorneys,  Business Law Attorneys,  Personal Injury Law Attorneys,  Labor & Employment Law Attorney
Roche and Saba PC
38 Pond St Ste 308
Franklin, MA 02038
(508) 528-8300
General Practice Attorneys, Attorneys, Legal Service Plans
Mathieu & Mathieu
163 Front St
Marion, MA 02738
(508) 996-8283
Real Estate Attorneys, Attorneys
Nespin
124 Grove St # 105
Franklin, MA 02038
(508) 528-8200
Attorneys, Attorneys Referral & Information Service
Ionson Law - David Ionson
545 Concord Ave Ste 22
Cambridge, MA 02138
(781) 910-7995
Patent, Trademark & Copyright Law Attorneys, Real Estate Attorneys, Business Law Attorneys, Attorney
Cohen Peter L
11 Donnell St
Cambridge, MA 02138
(617) 497-7180
Attorneys, Legal Service Plans
Campbell John J
90 Ellery St # 23
Cambridge, MA 02138
(617) 868-6700
Attorneys, Legal Service Plans
Moskow James M MD
48 JFK St # 1
Cambridge, MA 02138
(617) 491-6700
Attorneys, Real Estate Buyer Brokers
Wiest Edward R
81 Dana St
Cambridge, MA 02138
(617) 547-6500
Attorneys, Legal Service Plans
Kathleen Fowler
586 Main St
Dennis, MA 02638
(508) 385-6263
Estate Planning, Probate, & Living Trusts,  Elder Law Attorneys,  Probate Law Attorneys,  Estate P
Cataldo Law Offices, LLC
1000 Franklin Village Dr
Franklin, MA 02038
(508) 507-6229
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Civil Litigation & T
Reagan Associates
124 Mount Auburn St
Cambridge, MA 02138
(617) 576-5852
General Practice Attorneys
Pine Wood Jane
956 Main St
Dennis, MA 02638
(508) 385-5227
Attorneys, Legal Service Plans
Considine Michael J
49 Main St
Lee, MA 01238
(413) 243-4900
Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US