If you are in the process of planning for your future, speak to a Last Will and Testament Attorney to ensure that your assets and belongings are divided according to your wishes. A Last Will and Testament Attorney will assist you by ensuring that you are abiding the legal requirements necessary for drafting effective estate-planning documents.
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A last will is a formal legal term for a will. The phrase “last will” appears as part of the phrase “Last Will and Testament.”. Previously, the term “will” referred to distribution of real property at death. The term “testament” referred to personal property distributions. A “Last Will and Testament,” therefore, was two ...
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Jul 22, 2021 · Note that you can have more than one type of will at the same time and different wills can all be valid. A living will, for example, can legally co-exist with a simple will since they serve entirely different purposes. The assistance of an experienced estate-planning attorney can be invaluable in choosing the right type of will for you.
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If you are in the process of planning for your future, speak to a Last Will and Testament Attorney to ensure that your assets and belongings are divided according to your wishes.
A Last Will and Testament Attorney can assist you in drafting several estate planning documents including but not limited to the following:
The entire purpose of a will is to distribute your assets to the people you wish to inherit your property. This is done by first identifying the property you have (referred to as assets) and then designating the people you choose as beneficiaries to inherit these assets.
You also cannot legally obligate someone to raise your children if they are not willing to do so. It is a good idea to have conversations with potential trustees and guardians ahead of time. You may wish to consider designating a trustee and some alternate trustees, as well as alternate guardians.
You cannot legally obligate anyone to serve as your representative to handle the estate if they don' t want to.
In addition to providing a detailed list of assets in a manner that allows them to be easily identified and located, an individual must provide their attorney with a list of debts. Debts that you should provide documentation of include, but are not limited to, the following:
Further, if you designate a trustee or representative or if you designate a temporary or permanent guardian for your children in your will, you must include their name, address, and other contact information.
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The estate planning lawyer specializes in wills and trusts, and can help you to draw up a will to pass on your assets. Among other estate planning legal services, this type of lawyer can help you set up a trust which will help take care of your children’s financial needs.
If you’ve been injured while on the job, or have had to face the death of a loved one as a result of a workplace accident or occupational disease, a lawyer who specializes in workers compensation law can help you navigate the issues you face, such as the extent of the employer’s fault and the amount of benefits to which you are entitled.
The Social Security Disability system can be a particularly complex system in which to navigate. An attorney who specializes in Social Security Disability issues can help you with any step in the Social Security Disability process, including assisting you with eligibility issues, launching an appeal of a decision to deny you benefits and dealing with the reduction or termination of your benefits.
A corporate lawyer will be able to help you with issues related to the formation of your corporation, general corporate governance issues and corporate compliance issues.
Also known as an IP attorney, an intellectual property lawyer can advise you with regard to issues relating to intellectual property, such as copyrights, trademarks, patents, industrial design and trade secrets.
Employment Lawyer. Whether you’re a company that’s having a problem with an employee, or an individual who’s having problems with the company you work for, an employment lawyer can generally provide advice about legal issues which arise from an employment contract or within an employment relationship.
The legal field is vast and complex, and you’ll find that many lawyers specialize in a particular area of law. If you find yourself in need of a lawyer, make sure they have the expertise to handle your unique situation. Because there are so many different types of lawyers, you'll want to match your legal concern with the appropriate attorney.
A testamentary trust will places some assets into a trust for the benefit of your beneficiaries and names a trustee to handle the trust. This is useful if you have beneficiaries who are minors or who you don't want to inherit your assets to handle on their own.
Other types of wills include holographic wills, which are handwritten, and oral wills, also called "nuncupative"—though they may not be valid in your state. Your circumstances determine which is best for you. Here is some basic information to help you decide. 1.
A simple will is the one most people associate with the word "will.". Through a simple will, you can decide who will receive your assets and also name a guardian for any minor children. Writing a simple will can, indeed, be simple.
updated July 22, 2021 · 3 min read. A last will and testament is one of the most important estate planning documents you can prepare. Not only does it allow you to direct where your property will go upon your death, but it can also provide you great peace of mind during your lifetime, knowing that your affairs will be taken care ...
You know having a last will is important—it protects your family and provides for your final wishes. Now that you're finally sitting down to write that will, be on the lookout for these common but easy-to-avoid mistakes.
The testator must also sign and date the document, typically in front of one or more witnesses, and the will may also need to be notarized. Different types of wills serve different purposes, and the one you need depends on your specific circumstances.
The terms of joint wills—including executor, beneficiaries, and other provisions—cannot be changed even after the death of one of the testators. Because of this inflexibility, joint wills can become problematic for the surviving spouse, as their wishes may change. 4. Living Will.
A medical power of attorney lets you assign a trusted person — called your “agent” — to make medical decisions on your behalf if you become unable to communicate your wishes. Unlike a financial power of attorney, this type of POA doesn’t give your agent access to your finances.
A DNR form — also referred to as “allow natural death” or “no code” — communicates that you don’t want to receive life-sustaining treatment in the event of cardiac or respiratory arrest.
A living will indicates your wishes for end of life medical care if you become unable to communicate. Your living will document should state your preferences regarding medical treatments such as: tube feeding. dialysis. resuscitation. comfort care and pain management. mechanical ventilation.
You can also use your last will and testament to indicate funeral preferences, especially if you want to set aside funds for a service. 4. Living Trust . A living trust is an estate planning document that places your assets into a trust and designates how the assets will be distributed after your death.
Last Will and Testament. A last will and testament indicates how you want to distribute your assets after your death. Also called a “will” or “last will,” this document should not be confused with a living will, which is used to document medical care preferences.
9. Personal and Financial Records. Organize your important papers such that the right people can access them if you have a medical emergency. In addition to your personal and financial records, include instructions for important matters, such as your medications, how and when bills are paid, and debts you’re owed.
Unlike a financial power of attorney, this type of POA doesn’t give your agent access to your finances. A medical power of attorney only takes effect if you become incapacitated. Some states require an advance directive, which combines a medical power of attorney with a living will. 7.
Estate planning attorneys, also referred to as estate law attorneys or probate attorneys, are experienced and licensed law professionals with a thorough understanding of the state and federal laws that affect how your estate will be inventoried, valued, dispersed, and taxed after your death.
In fact, a good estate planning attorney may be able to help you avoid probate court altogether, but that largely depends on the type of assets in the deceased's estate and how they are legally allowed to be transferred.