Tag Archives for living trust attorney

Ways To Do A Will And Testament

A last will and testament is a legal statement by which a person can sort out what happens to their money, property, and possessions after their death. Below are some of the ways to do it:

A wills attorney – This is the legal specialist in the writing of a will. A will and trusts attorney can sort everything out for you so that you won't need to know anything about the subject. They can create a will for you that will satisfy all the legal requirements and can tailor your will and testament to suit your needs and circumstances. You can also consult Alexandria will attorney via http://speedwelllaw.com/alexandria-estate-planning-attorney/ to get more info about wills.

Wills online – These are websites that have online will writing software programs that typically involve inputting answers to a series of questions and then compiling your answers into will and testament ready for you to print off at the end of the process.

A will kit – These will have a will form or collection of will forms where you can fill in the blank spaces by hand. They usually have a set of instructions to help you in knowing what to write and where to write it. Some are in a computer format so that you don't have to fill them in by hand.

Will writing software – These are obviously computer programs. They work in a similar fashion to the online wills; you put in the data and the program makes out the will and testament for you. The difference here is that you buy and keep the will writing software program.

What is Estate Planning? Why is it Important?

Estate planning consists not only of making arrangements for your assets, but also involves such methods as assigning powers of appointment and powers of attorney. Granting someone power of appointment entitles that person to decide how your assets will be divided. 

You may grant unrestricted access to the distribution of all your assets (this is referred to as the general power of appointment), or you can assign decision-making power for only certain assets (this is called the special power of appointment). You may also take help of an estate planning lawyer via http://www.voyantlegal.com/ogden-estate-planning-attorney.html.

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Power of attorney entitles a person to make legal and/or medical decisions on your behalf when you are unable to do so. As with power of appointment, this person may be assigned power in only certain situations and in regards to specific matters, or they may be granted full power in any given situation or at any time.

As you can see, estate planning is every bit as relevant to your own life as it is to the lives of the people around you. Having an experienced estate lawyer in Houston to guide and inform you through the process will significantly impact how accurately your most critical interests are represented.