Easy Questions  
Free Legal Documents

What is a Last Will and Testament in Abbyville, KS

What is a Last Will and Testament in Abbyville, KS

An important legal document, the 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. The estate is the assets or property. You may need to choose between either a will-based estate plan or a trust-based estate plan. Your last will and testament will largely depend on your overall estate planning strategy.

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 KS Last Will Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free KS Power of Attorney Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Related Legal Services near Abbyville, KS
Total Attorneys - Divorce
273905 SW Wood View Dr
Topeka, KS 66610
(785) 201-9922
Divorce Attorneys,  Attorneys,  Family Law Attorneys,  Legal Service Plans
Collaborative Divorce Ks City
8686 College Blvd
Overland Park, KS 66210
(913) 451-9876
Attorneys
Gladstone Lois A
8005 W 115th St
Overland Park, KS 66210
(913) 345-9848
Attorneys, Small Business Attorneys, Labor & Employment Law Attorneys
Weaver Tracy
7500 College Blvd
Overland Park, KS 66210
(913) 906-9830
Attorneys, Legal Service Plans
Campbell Todd
7500 College Blvd # 900
Overland Park, KS 66210
(913) 906-9820
Attorneys, Legal Service Plans
Renkemeyer Troy
7500 College Blvd # 900
Overland Park, KS 66210
(913) 906-9810
Attorneys, Legal Service Plans
Rajala Eric C
11900 College Blvd Ste 341
Overland Park, KS 66210
(913) 339-9806
Attorneys, General Practice Attorneys, Legal Service Plans
RCW Law
10975 Benson St # 570
Overland Park, KS 66210
(913) 906-9800
Attorneys, Legal Service Plans
Smithyman & Zakoura
7400 W 110th St # 750
Overland Park, KS 66210
(913) 661-9800
Attorneys, General Practice Attorneys
Zakoura James P
7400 W 110th St # 750
Overland Park, KS 66210
(913) 661-9800
Attorneys, Insurance, Legal Service Plans, General Practice Attorneys
Naibert Robert W Atty
7400 W 110th St
Overland Park, KS 66210
(913) 661-9800
Attorneys
Mobile Paralegal Service
11734 Garnett St
Overland Park, KS 66210
(913) 223-9768
Paralegals
R Michael Latimer Law Offices
11011 King St
Overland Park, KS 66210
(913) 661-9700
Attorneys, General Practice Attorneys
Hagen Law Offices
10801 Mastin St # 110
Overland Park, KS 66210
(913) 236-9696
Attorneys, General Practice Attorneys, Legal Service Plans
Norton Hare
9200 Indian Creek Pkwy # 450
Overland Park, KS 66210
(913) 906-9633
Attorneys, General Practice Attorneys
Hare Lindsay A Atty
9200 Indian Creek Pkwy
Overland Park, KS 66210
(913) 906-9633
Attorneys
Allmayer Daniel N
9393 W 110th St # 500
Overland Park, KS 66210
(913) 768-9557
Attorneys
Robert J Valcrum Attorney
10990 Quivira Rd Ste 200
Overland Park, KS 66210
(913) 948-9400
Attorneys
Long Luder & Gordon PA
9401 Indian Creek Pkwy # 800
Overland Park, KS 66210
(913) 491-9300
Attorneys, Legal Service Plans
Telhorst & Associates
11225 College Blvd
Overland Park, KS 66210
(913) 322-9169
Attorneys, Legal Service Plans
Renkemeyer Law Firm
10975 Benson St Suite 570
Overland Park, KS 66210
(855) 792-9076
Tax Attorneys,  Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Legal Service Plans
Hovey Williams LLP
10801 Mastin St Ste.1000 84 Corporate Woods
Overland Park, KS 66210
(913) 647-9050
Attorneys, Patent Agents, Patent, Trademark & Copyright Law Attorneys
Adam Mack - Bankruptcy
3735 SW Wanamaker Rd Suite A
Topeka, KS 66610
(785) 274-9040
Credit & Debt Counseling,  Foreclosure Services,  Financial Services,  Bankruptcy Services,  Bankrup
Oliver & Reichel PA
11020 King St Ste 215
Overland Park, KS 66210
(913) 498-8814
Accident & Property Damage Attorneys,  Personal Injury Law Attorneys,  Attorneys,  Medical Malpracti
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US