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How will this page benefit me? Have your Will drawn by a practising attorney. It is likely to be the best and the cheapest advice you took in your estate planning process. Not only will you receive professional advice you will receive legal advice. About a Last Will and Testament For the small amount in costs, have your Last Will and Testament drawn or at least checked by a practising attorney. Do not accept cheap or "no change" Wills from the various institutions who offer them. Almost certainly they will give you the value for which you have paid. Give us your details on our ONLine services page and we will let you have a quote. Check list It is a popular belief that the law can only be expressed in unintelligible jargon. That is not the case. If you cannot understand your Will, or you find some aspects vague, in all probability it has not been properly drawn. This is often the result of the efforts of an unskilled draftsman. Have it checked. You could be right, perhaps it is nonsense! If so should you leave it like that? Why take the risk so the sake of a "free" illegal Will!
Important considerations A Power of Attorney lapses when its principle dies. Joint bank accounts will be closed on the death of one of the account holders.
Estate Planning This is a long term plan that involves the planning of your living and deceased estates with a view to limiting the amount of tax and Estate Duty that will be paid when you die. Living Wills. A "Living Will" is a term applied to a document that records what decision a person wishes to make regarding his or her own life, if they are unable to make those decisions themselves. Usually these desires are important if one is on a life support system. Most people would not like to have their estates dissipated while they are kept alive indefinitely on a life support system in a coma or a brain damaged state and unable to make any further decisions. The document has no effect in law, but it gives your loved one some comfort when having to carry out the sad tasks of withdrawing life support. The document can also be used to express other such as the donations of your organs. Some little appreciated laws that apply to Estates: Coming soon !!! |
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