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 Bogata, TX

What is a Last Will and Testament in Bogata, TX

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 TX 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 Bogata, TX
Guzman, Eloise A
8225 Gulf Fwy
Houston, TX 77017
(713) 378-9900
Bankruptcy Services,  Attorneys,  Bankruptcy Law Attorneys,  Debt Adjusters,  Banking & Mortgage Law
Stacy E Goodbread PC
1802 NE Loop 410
San Antonio, TX 78217
(210) 824-9775
General Practice Attorneys, Attorneys
Kerry H. Collins & Associates, P.C.
1777 NE Loop 410 Ste 600
San Antonio, TX 78217
(817) 335-9700
Accident & Property Damage Attorneys, Attorneys, Malpractice Law Attorneys, Personal Injury Law Atto
L D Heard Law Firm Inc
10615 Perrin Beitel Rd Ste 100
San Antonio, TX 78217
(210) 655-9090
Attorneys, Family Law Attorneys
Ray Hall, Jr.
2000 Carson Street
Fort Worth, TX 76117
(817) 626-8633
Attorneys, Criminal Law Attorneys, Juvenile Law Attorneys, Civil Litigation & Trial Law Attorneys, D
Goodman & Clark
5001 S Cooper St Ste 212
Arlington, TX 76017
(817) 460-8171
Attorneys,  General Practice Attorneys,  Family Law Attorneys,  Wills, Trusts & Estate Planning Att
Mays, Robert L
8626 Tesoro Dr Ste 820
San Antonio, TX 78217
(210) 657-7772
Attorneys,  Business Law Attorneys,  Bankruptcy Services,  Bankruptcy Law Attorneys,  Estate Plannin
Dana Duffey
2000 Carson Street
Haltom City, TX 76117
(817) 768-7400
Attorneys, Family Law Attorneys, Divorce Attorneys, Wills, Trusts & Estate Planning Attorneys, Gener
Jessica Hurtado
PO Box 170431
Austin, TX 78717
(512) 243-6976
Traffic Law Attorneys, Criminal Law Attorneys
Heitz Bruce A
2310 W Interstate 20
Arlington, TX 76017
(817) 472-6969
Attorneys
Richard Weaver & Associates
5601 Airport Fwy
Haltom City, TX 76117
(817) 422-5929
Foreclosure Services,  Bankruptcy Services,  Bankruptcy Law Attorneys,  Tax Attorneys,  Attorneys,  
Quinones Tom
6333 Airport Fwy # 104
Haltom City, TX 76117
(817) 834-5879
Attorneys, Legal Service Plans
Priesmeyer Margaret
4154 Swans Lndg
San Antonio, TX 78217
(210) 657-5712
General Practice Attorneys, Attorneys
Cordell & Cordell - San Antonio
1777 NE Loop 410, Ste. 600
San Antonio, TX 78217
(210) 544-5644
Family Law Attorneys, Divorce Attorneys, Divorce Assistance, Child Custody Attorneys
Brite Thomas Law Office
8620 N New Braunfels Ave Ste 419
San Antonio, TX 78217
(210) 822-5566
General Practice Attorneys, Attorneys, Legal Service Plans
Jack G Duffy Jr.
6220 Midway Rd
Haltom City, TX 76117
(877) 708-5450
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Personal Injury Law
Henry John
15612 Prestancia Dr
Austin, TX 78717
(512) 428-5448
Attorneys
Price Timothy
8626 Tesoro Dr
San Antonio, TX 78217
(210) 695-5338
Attorneys, General Practice Attorneys
Skogland John
2700 NE Loop 410
San Antonio, TX 78217
(210) 651-5200
General Practice Attorneys, Attorneys
Sandra D. Garcia, P
8400 Howard Dr
Houston, TX 77017
(713) 641-5151
Estate Planning Attorneys,  Attorneys,  Family Law Attorneys,  Accident & Property Damage Attorneys,
Jensen & Jensen, A Professional Corporation
6025 W Interstate 20
Arlington, TX 76017
(817) 478-4940
Accident & Property Damage Attorneys,  Attorneys,  Personal Injury Law Attorneys,  Legal Clinics,  L
Hirsch David
8925 Rosecliff Dr
Dallas, TX 75217
(214) 398-4567
Attorneys, Legal Service Plans
Lollar Holt & Associates
6200 Airport Fwy
Haltom City, TX 76117
(817) 831-4321
Attorneys
Roger Rocky Walton Law Firm
2310 W Interstate 20 # 200
Arlington, TX 76017
(817) 429-4299
Personal Injury Law Attorneys, Attorneys, Litigation & Tort Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US