Some people think that only the rich or those with property need a will. That's not true. If you have kids or pets, a home, or personal possession, you need a will. If you want to leave something to a friend or relative, you need a will. If you want to make your final wishes clear, you need a will. Make sure that your wishes are carried out after you're gone by creating a will ASAP and updating it as necessary.
When You Don't Have a Will
- What happens if you die without a will ?
- What happens when you adopt children and you die without a will?
- Adult adoption is a good tool if your state doesn't recognize your union.
- Factors to consider when there are nonmarital children.
- Escheat is when the government takes your property and you die without a will.
Drafting Your Will
Start Drafting Your Will:
- Will basics to start planning how your assets are distributed after you die.
- Use this estate planning checklist to prepare your will.
- Organize your paperwork before planning your will and estate.
- What are the different types of wills and how are they created?
Living wills are a key document in your estate planning kit.
- Life estates let you enjoy your property when you live, but what happens afterward?
Amend or Update Your Will:
Provisions to Include
- What are the ncessary will provisions you need to make?
- Who are your beneficiaries.
- Personal gifts: What are your options?
- Providing for your children may require additional documents.
- Naming trustees and executors can be a difficult decision.
- Guidelines for selecting will witnesses.
- Get the facts about revoking and terminating a will.
Power of Attorney
- Find out why you may need to have a Power of Attorney.
- What is a Durable Power of Attorney for Health Care?
- Interpret the language of a Power of Attorney document correctly.
- What are acceptable grounds for contesting a will?
- Find out the steps needed to revoke a will and how it affects the old one.
- Stop fights over what I leave before they happen?
- What does "of sound mind" really mean?
- If you want to disinherit someone, understand how to do it correctly.
- Some circumstances might question your testamentary capacity, your legal ability to make a will.