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 25437

What is a Last Will and Testament in Zip Code 25437

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 WV 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 25437
Baker Rodney
707 Virginia St E # 1300
Charleston, WV 25337
(304) 720-7507
Attorneys, Legal Service Plans, General Practice Attorneys
Estep C Paul
212 W Main St
Kingwood, WV 26537
(304) 329-6901
Attorneys, Legal Service Plans
Reis Tarrell
312 Morgantown St
Kingwood, WV 26537
(304) 329-6088
Attorneys
Mc Camic Sacco & Pizzuti
748 Main St
Follansbee, WV 26037
(304) 527-4645
Mon. - Fri. 9am - 5pm, Sat. - Sun. CLOSED
Casteel Chaelyn W
111 S Price St # 3
Kingwood, WV 26537
(304) 329-4080
Allender Megan M
111 S Price St # 3
Kingwood, WV 26537
(304) 329-4080
Attorneys
Scheetz Christopher
2004 Eldersville Rd
Follansbee, WV 26037
(304) 527-2801
Attorneys
Dittmar David N
197 Sherwood Dr
Follansbee, WV 26037
(304) 748-2036
Attorneys, Legal Service Plans
Wehner Richard K
103 W Court St
Kingwood, WV 26537
(304) 329-1581
General Practice Attorneys, Attorneys
Williams Sheila K
202 Tunnelton St # 314
Kingwood, WV 26537
(304) 329-1173
Attorneys
Hyre Lisa
202 Tunnelton St # 320
Kingwood, WV 26537
(304) 329-1032
Attorneys, General Practice Attorneys, Legal Service Plans
Runner Edwin C
313A E Main St
Kingwood, WV 26537
(304) 329-0795
Attorneys
Turner Buddy
107 W Court St
Kingwood, WV 26537
(304) 329-0773
Attorneys
Gaydos Mark E
107 W Court St
Kingwood, WV 26537
(304) 329-0773
Attorneys, Legal Service Plans
Dailey Jr James T
107 W Court St
Kingwood, WV 26537
(304) 329-0773
Attorneys, Legal Service Plans
Costello Anthony Wayne
901 Herring Rd
Kingwood, WV 26537
(304) 329-0708
General Practice Attorneys
Williams Sheila K Atty
210 Miller Rd
Kingwood, WV 26537
(304) 329-0693
Attorneys
Brown David P
303 E Main St
Kingwood, WV 26537
(304) 329-0421
General Practice Attorneys, Attorneys, Legal Service Plans
Everhart Brown & Associates Attys
303 E Main St
Kingwood, WV 26537
(304) 329-0421
Attorneys, General Practice Attorneys, Legal Service Plans
Devall Harris Olivia S
303 E Main St
Kingwood, WV 26537
(304) 329-0421
Attorneys, Legal Service Plans
Graham Andrew F
303 E Main St
Kingwood, WV 26537
(304) 329-0421
Attorneys, General Practice Attorneys
Sisler Tamera L
216 W Main St
Kingwood, WV 26537
(304) 329-0042
Attorneys
Reed Neil A
216 E Main St
Kingwood, WV 26537
(304) 329-0042
Attorneys, Legal Service Plans
Reed Neil
216 W Main St
Kingwood, WV 26537
(304) 329-0042
Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US