Drawing up a legal takes care of all financial obligations and is your voice after your death. A will protects assets and allows you to disown any specifically named friend, relative and even a child. A “basic will” is easy to write, does not necessarily require a lawyer and allows you to have control over ...
The term heir is used within a last will and testament and trusts to designate family members entitled to inheritance property. When decedents do not execute a Will or transfer property to a trust their estate is deemed ‘intestate’ and must be settled according to state probate law. Direct lineage heir refers to blood relatives ...
Granted, we all don’t like to think about it, but just like taxes, death is inenvitable. So, everyone needs to write out their Last Will and Testament before “the time” comes. Why? Your will is a compilation of your last wishes. It’s a way for you to tell your family about your funeral wishes. It’s ...
Will executor refers to the legal representative appointed to administer the estate of a person who has died. Other common names include estate administrator, personal probate representative, probate executor and estate agent. Regardless of the title, a will executor has a variety of duties and responsibilities to fulfill. Most often, estate administrators are appointed through ...