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- Peace of
- Mind...
- With a well planned Will
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- Estate planning is the process of accumulating and disposing of an
estate to maximize the goals of the estate owner. The various goals of
estate planning include making sure the greatest amount of the estate
passes to the estate owner's intended beneficiaries, often including
paying the least amount of taxes and avoiding or minimizing probate
court involvement. Additional goals typically include providing for and
designating guardians for minor children and planning for incapacity.
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- What is Probate
- Probate is the legal process of settling the estate of a deceased
person; specifically, resolving all claims and distributing the
decedent's property.
- Avoiding Probate generally lasts several months, occasionally over a
year before all the property can be distributed, and incur substantial
court and attorney costs. One of the many ways to avoid probate is to
execute a Living Trust
- What is a Will
- In the common law, a will or testament is a document by which a person
(thetestator) regulates the rights of others over his or her property or
family after death. For the devolution of property not disposed of by
will, see inheritance and intestacy In the strictest sense,
"will" is a general term, while "testament" applies
only to dispositions of personal property (this distinction is seldom
observed). A will is also used as the instrument in a trust.
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- What is Living Trust
- A living trust (revocable living trust or inter vivos trust) is a type
of trustcreated for the purpose of holding ownership to an individual's
assetsduring the person's lifetime and for distributing those assets
after death.
- What is a Living Will
- living trust (revocable living trust or inter vivos trust) is a type of
trustcreated for the purpose of holding ownership to an
individual'sassetsduring the person's lifetime and for distributing
those assets after death.
- A power of attorney for health care appoints an individual (a proxy) to
direct health care decisions should the principal be unable to do so.
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- Finding funeral directors/mortuaries/cemeteries or discount headstone
vendors.
- It also can be used to buy books and CDs on estate planning, to e-mail
notices for publication to newspapers that are required for settling
estate debts,
- To e-mail family members who may be beneficiaries about estate matters.
or to
- get legal advice from online attorneys.
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Notes