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Legal Guide Wills
& Estates
Although
the last will and testament is not always a favorite topic of
discussion, there's peace of mind in knowing that you can continue
to take care of family and loved ones after you're gone.
Perhaps just
as importantly, a living
will also provides for your advance directives to be followed
to the letter of the law - in the event that extraordinary methods
are used by the medical profession against your wishes.
Dying without
a will
U.S. state
laws have made it easier for families to inherit money or property
from a departed loved one who has died "intestate"
or has left no will. However, it is always preferred that specific
instructions be left so that all one's worldly possessions NOT
be decided by a local probate court.
In many cases,
a surviving spouse automatically gets the full estate. If there
are children, then the spouse normally receives more or an equal
amount to share with her children, depending on local law. Of
course, if there are no surviving relatives, the lifetime of earnings
and property of the deceased are automatically inherited by the
state.
Gay, lesbian,
and other domestic partnerships
Many federal
or local governments still do not recognize the legality of same-sex
marriages, so it is incumbent on domestic partners to have wills
& estates "airtight" in order to ensure that their
personal wishes are fufilled upon their death. Proper filing of
powers-of-attorney forms are also crucial should one partner become
seriously ill or unable to handle their own financial affairs.
Wills &
estates on the Web:
Around the
Web, check out basic facts and information on what to do (and
not do) at top sites offering expert advice and how to's for do-it-yourself
estate planning, wills, living wills and trusts...
FindLaw - Wills
- A great cache of articles on the subject with basic information
on writing a will, with additional details on codicils, changes
and amendments, willing property, special property rules for married
couples, and even disinheriting those pesky family members, with
more on Estate
Planning.
Will
& Estate Planning - Legal Encyclopedia - Nolo - With
expert legal info on estate planning basics, wills, living trusts,
medical powers of attorney, guardianships, life insurance and
funeral prepayment plans, estate taxes.
Crash
Course in Wills and Trusts - Get a college education in
estate planning, trusts and wills with expert how-to's on the
probate process, duties of the executor, setting up a trust, comparing
trusts and wills, tax issues, using life insurance in estate planning,
specialized trusts and estate planning tools.
American
Bar Association - Real Property, Probate, and Trust Law
- With a complete FAQ on basic will execution together with advice
on revocable trusts, power of attorney, living
wills and advance directives, health care proxies, advanced
health care directives, guidelines for individual executors and
trustees, and the lawyers role in estate planning.
Robert
Clofine's Elder Law and Estate Planning Page
- The site that answers the question "The Safe Deposit Box--Who
Gets Access When You Die?" along with lots more on wills
and estate planning, the latest tax and social security law changes,
nursing homes and asset protection, living trusts, powers of attorney
and related issues.
Legalscribe.com
- Sample wills, sample trusts, power of attorney forms, and living
wills, plus hints and pointers, glossary of terms.
also
see feature article -> Estate
Planning & Life Insurance
also
in Home Legal Advisor -> Inheritance
| Social
Security
The
information provided on these pages is intended as reference
only and does not constitute professional legal advice.
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