Last Will & Testament Articles
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...     read more


The term attorney-in-fact refers to the agent authorized by the principal to act on his behalf. The law requires the attorney-in-fact or the agent to be loyal and honest to the principal. It should not...     read more


How Does a Living Trust Works? Proving the legality of a will can be difficult, especially when there are properties to be distributed to beneficiaries. On the other hand, a living trust will no longer...     read more


How to Create a Last Will and Testament A sound mind and a legal age are the requirements for any person to create his or her own will and testament. Other than these, additional requirements may vary...     read more


Do you think that estate planning is only for rich folk? Estate planning is the process of getting your affairs in order so that if you pass away unexpectedly, things will be much easier for your loved...     read more


Planning what type of medical care you want to receive can be advantage. This is very helpful especially when the time comes that you will no longer be capable of making decisions regarding your medical...     read more


What is a living trust? Living trust refers simply to the trust you create while alive. Trust is an agreement under one person called the trustee who can hold legal title to property for another person...     read more


What is a living trust? A living trust is also known as "inter vivos" Latin for "among the living,". It is a trust arrangement you create while you are still alive. Trust is an arrangement where a trustee...     read more


Your estate may be subject to inheritance tax, estate tax, state and federal tax statutes, and a host of exemptions that can pass more of the estate to inheritors of your choosing. What are the differences...     read more


You can make your own basic trust or jointly with your spouse. There are many available types of trust, some are complicated that can be use for certain circumstances like: Bypass trust: This can be...     read more


Don't settle scores with a will It can be a big mistake to favor one child over the others when you're leaving property, even if you're trying to correct past financial inequities. If you really feel...     read more


Considerations before Creating your Will on 1-2-Law.com Know your state's requirements. Each state has different requirements as to the legality of a last will and testament. The standardization of...     read more


Life Prolonging Medical Care At the end of your life, you will have options regarding life prolonging treatments including cardiopulmonary resuscitation (CPR), blood transfusions and blood products,...     read more


A durable power of attorney for finances - or financial power of attorney - is a simple and inexpensive, way to arrange for someone to manage your finances if you become incapacitated. A durable power...     read more


Newlyweds, new parents, homeowners, and even people without significant assets should write a will. What you own is yours and should go the loved ones or charities of your choice. Spelling out and recording...     read more


Probate is the process that occurs after an individual passes away that involves distributing assets and taking care of any debts. This is process happens regardless of whether or not there is a will....     read more


Do-Not-Resuscitate (DNR) Orders contains direction for medical personnel who might be responsible in treating you if you happen to stop breathing. These instructions may be used during "prehospital" and...     read more


Reasons to Use a Last Will and Testament • You would want your property distributed according to your wishes after your death. • You want to specify the list of people or organization that will receive...     read more


The Most Important Estate Planning Documents • Last will and testament. This is a common estate planning method to transfer properties to beneficiary after a person dies. Though it is inexpensive, a will...     read more


With the passage of the American Taxpayer Relief Act of 2013, many federal and state tax rules about Estate Taxes that had been in flux for years appear to be finally settled, at least for now. The majority...     read more


In composing your health care directives, it is imperative that you follow the rules of the state in which you live regarding the requirements to make your document valid and binding. Your signature is...     read more


Estate planning can be a form of protection for you and your family and your assets. But this can also be a source of disagreement among family members. In order to reduce family strife, proper estate...     read more


Feuds over inheritance can be hard to mend but easy to prevent, if you have prepared earlier for that day when you are no longer around. That preparation can define the moments when your loved ones, devastated...     read more


Probate involves inventorying and appraising the property, paying debts and taxes, and distributing the remainder of the property according to the will. The probate attorney fills in forms and keeps track...     read more


What a will won't do includes the following: Bequeath Certain Kinds of Assets or Property. You cannot use your will to leave: • Property that is in the living trust • Life insurance policy proceeds...     read more


It is estimated that more than $20 trillion will be transferred to heirs in the next 50 years — the largest transfer of wealth in U.S. history. Longevity and modern family relationships (ex-spouses, step...     read more


Medicaid can pay for nursing home costs for senior citizens with few assets and low income. In some cases, this applies to senior citizens who have already spent almost all their savings paying their residential...     read more


When opting to choose a living trust as part of your estate planning, it would help to know the basic facts about a revocable living trust. Twelve Things to Know 1. What is a revocable living trust? Living...     read more


Living wills are descriptions of your preferences regarding end-of-life care. Unexpected situation can happen at any age which makes a living will a necessity. Advance Directives Advance directives...     read more


A good goal for parents is to make sure they have up-to-date estate plans in place. No matter what life stage you're in, as long as you have loved ones that depend on you, a solid plan is something you...     read more


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