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Estate Planning Simplified
Book With CD-ROM
All States
By Attorney Daniel Sitarz, Nova Publishing, Business & Consumer
Legal Books & Software
List Price: $34.95
Our Price: $25.95
Did You Know?
A LAST WILL & TESTAMENT
is written document which leaves the estate of the person who
signed the will to named persons or entities (beneficiaries,
legatees, devisees) including portions or percentages of the
estate, specific gifts, creation of trusts for management and
future distribution of all or a portion of the estate (a testamentary
trust), see
last will & testament.
Did You Know?
A CODICIL is a written
amendment to a person's will, which must be dated, signed and
witnessed just as a will would be, and must make some reference
to the will it amends, see
codicil.
Did You Know?
A LIVING WILL is document
authorized By statutes in all states in which a person appoints
someone as his/her proxy or representative to make decisions
on maintaining extraordinary life-support if the person becomes
too ill, is in a coma or is certain to die, see
living will.
Did You Know?
A LIVING Trusties sometimes
called an inter vivo (Latin for "within one's life")
trust, a trust created by a declaration of trust executed by
the trustor or trustors (also called settlor or settlors) during
his/her/their lifetime, as distinguished from a "testamentary
trust," which is created by a will and only comes into
force upon the death of the person who wrote the will, see
living trust.
Did You Know?
A POWER OF ATTORNEY FOR HEALTHCARE
is a written document stating that one person gives to another
the full power and authority to make healthcare decisions for
that one person when he or she is unable to,
power of attorney for healthcare.
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Last Will & Testament
In this Section:
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free will!
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Bestsellers
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Last Will & Testament Forms, Books,
Kits & Software
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America's Best-Selling Will Kits
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Description: This Do-It-Yourself Will
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prepare your own Last Will & Testament.
Basic Wills Simplified
- Book
- CD-ROM
- All States
- By Attorney Daniel Sitarz
- Nova Publishing, Business & Consumer Legal Books &
Software
- List Price: $28.95
- Our Price: $21.95
Description: A will is the cornerstone
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Codicil for Will
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Description: A Codicil for a Last Will &
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Last Will & Testament...
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Quicken® WillMaker Plus 2010
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- Instructions
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The Easy Will and Living Will Kits
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- Sphinx Legal, A Division of Sourcebooks
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Description: Admit it. You have been
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Will Cover
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Will Envelope
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Will Supplies Package
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Write Your Legal Will In 3 Easy Steps
- Book
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- By Attorney Robert C. Waters
- Self-Counsel Press
- List Price: $14.95
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Description: Ensure that your assets
and belongings are passed on to the people who deserve them
and according to your wishes. If you die without a proper, valid
will, your relatives may be overwhelmed by complicated paperwork
and expensive legal issues — all at a time when grief overcomes
them.
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Last Will & Testament service,
by independent paralegals.
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WILL LINKS
"Help ease the burden of your passing for your executor..."
Buy your executor a copy of
How to Administer an Estate for just $10.99. Give
it to him or her now or keep it stored with your will for later.
Some Facts You Should Know
Why should I have a will if I don't own much?
If you die without a will, you can not choose
the executor of your estate, your beneficiaries, or a guardian
for your minor children. Without a will, the state will
decide for you. Your friends and family will be suffering enough.
Make your transition easier for everyone by eliminating the "guesswork"
for your executor and heirs.
The Estate Research Institute estimates that
up to 70% of a deceased person's assets will never reach their
heirs after all the taxes and fees are deducted from the estate.
Plan ahead. Don't let this happen to your heirs.
If your estate goes into Probate, it will
likely be tied up in expensive Probate proceedings for years.
In your will, you can state who your want
your underage children to live with if you were to pass away
before they reached 18.
Buying will forms and filling them out is
not enough. In most states, your completed forms must be notarized
in front of witnesses to be valid. This is why we recommend
you buy forms WITH instructions (a kit, book, or software program).
An executor is a person or institution of
your choice, named in your will, that collects and manages your
assets, pays your final expenses and any taxes that you might
owe, and, in a manner approved by the court, distributes your
assets to your beneficiaries in accordance with the provisions
of your will. Your executor plays a very important role with
significant responsibilities. It can be a time-consuming job.
You should choose your executor carefully.
The location of your original will should
be known by your executor and other close friends or relatives.
Your will should be kept in a safe place such as your safe deposit
box, a safe, or a fireproof box at your residence.
In addition to a will and other "final
documents" (such as a Power of Attorney, Living Will, or
Living Trust), it is also helpful if you leave a list of all
your property and debts, your personal and financial records,
and a list of your account names and numbers. It is helpful
to include the locations of these items as well (such as "Birth
Certificate: downstairs closet in a wooden box, Old Tax Returns:
downstairs closet in an expandable file folder"). This
list will help your executor find the things s/he will need
in order to administer your estate. If you purchase the
Quicken WillMaker Plus 2010: Personal Software,
it includes these types of lists and other documents that will
help your executor.
[Back
to Top]
BENEFICIARY:
One who is named in a will to receive
property, one who receives a benefit or gift such as
life insurance benefits upon the death of the person
who was insured or one who receives under the terms
of a trust.
[Back to Top]
Will:
A written document which leaves the
estate of the person who signed the will to named persons
or entities (beneficiaries, legatees, devisees) including
portions or percentages of the estate, specific gifts,
creation of trusts for management and future distribution
of all or a portion of the estate (a testamentary trust).
A will usually names an executor (and possibly substitute
executors) to manage the estate, states the authority
and obligations of the executor in the management and
distribution of the estate, sometimes gives funeral
and/or burial instructions, nominates guardians of minor
children and spells out other terms. To be valid the
will must be signed by the person who made it (testator),
be dated (but an incorrect date will not invalidate
the will) and witnessed by two people (except in Vermont
which requires three). In some states the witnesses
must be disinterested, or in some states, a gift to
a witness is void, but the will is valid. A will totally
in the handwriting of the testator, signed and dated
(a "holographic will") but without witnesses,
is valid in many, but not all, states. If the will (also
called a Last Will & Testament) is still in force
at the time of the death of the testator (will writer),
and there is a substantial estate and/or real estate,
then the will must be probated (approved by the court,
managed and distributed by the executor under court
supervision). If there is no executor named or the executor
is dead or unable or unwilling to serve, an administrator
("with will annexed") will be appointed by
the court. A written amendment or addition to a will
is called a "codicil" and must be signed,
dated and witnessed just as is a will, and must refer
to the original will it amends. If there is no estate,
including the situation in which the assets have all
been placed in a trust, then the will need not be probated.
Simply speaking a Will gives you
full control over such issues as who gets your property,
who will be the guardian of your children, who will
manage your estate upon your death, who will inherit
assets that you haven't left to anyone else and other
issues relating to the management and distribution of
your estate. The importance of a Will cannot be understated.
A Will is perhaps the most important legal document
the average person will ever possess. Yet, over 70%
of American adults do not have one. Are you one of them?
Did you know that if you die without
a Will the state you live in decides how your property
is distributed? Often, the surviving spouse will get
half the estate and any children will inherit the other
half, which may or may not be how you want your property
distributed. Also, if a person dies without a Will and
without any trace of any heirs, all property will escheat
(be turned over) to the state. These are just a couple
of reasons why it's definitely in your best interest
to take the time to create a Will.
[Back to Top]
Codicil
n. a written amendment to a person's
will, which must be dated, signed and witnessed just
as a will would be, and must make some reference to
the will it amends. A codicil can add to, subtract from
or modify the terms of the original will. When the person
dies, both the original will and the codicil are submitted
for approval by the court (probate) and form the basis
for administration of the estate and distribution of
the belongings of the writer.
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Complete Estate Planning Kits
All States
By InfoAmerica
List Price: $34.95
Our Price: $22.95
Did You Know?
Do It Yourself Documents offers
specials and discounts that change weekly!
Did You Know?
Do It Yourself Documents carries state-specific items for
all 50 states and DC.
Did You Know?
Sixty percent of bankruptcies and seventy-five
percent of divorces in California are done
without lawyers!
Did You Know?
A POWER OF ATTORNEY
is a written document signed By a person giving another person
the power to act in conducting the signer's business, including
signing papers, checks, title documents, contracts, handling
bank accounts and other activities in the name of the person
granting the power, see
power of attorney!
Did You Know?
PROBATE is the process
of proving a will is valid and thereafter administering the
estate of a dead person according to the terms of the will,
see
probate!
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