One of the most important tasks you need to handle in planning for your own death is to draw up your last will and testament. The cost of creating a will depends upon the degree of complexity in your situation and whether you choose to write the will yourself or hire a lawyer to do ...
To avoid this issue, consider storing the document in a safe, a safety deposit box, or giving a copy to your lawyer. Common Mistakes to Avoid When drafting a legally binding document, working with an attorney is important so that you can avoid these common mistakes: Vague or ambiguous ...
While a lawyer can be a good choice for a witness, if that particular lawyer also prepared the will, they shouldn't serve as one of the witnesses. In some states, a will must also be notarized, so check the rules where you live. Even if that formality isn't required, you might ...
Probate court is the legal process of distributing someone's estate after they've passed away. This guide will walk you through how it works and what you should expect.
No, you don’t need a lawyer to make a will. Anyone over the age of 18 can make a will with an online will maker, though you’ll need to check to make sure your will meets your state’s requirements. Holographic (handwritten) wills are valid in some states. Those with more complex...
Given its significance, however, it’s a smart idea to consult an estate planning lawyer or use an attorney-backed service like LegalZoom toset up your living trust. How a living trust works Regardless of how you establish your living trust, it begins with drafting the actual trust document....
A solicitor is a type of lawyer in some jurisdictions who traditionally deals with legal matters outside of court, while a lawyer is a general term for anyone qualified to practice law.
It can be relatively easy to create a trust, but you’ll still want to call in an expert, such as a lawyer with experience in trusts, to do so. Here are the steps to create a trust: Figure out why you want the trust.Determine why you want a trust and which kind might be useful...
Usually requires paying a lawyer to set it up If it’s an irrevocable trust, you can’t change it after it’s created. If it’s a revocable trust, you still pay estate taxes. Will Pros: Can be as detailed as you want in terms of how you want your assets distributed when you pass...
You know what I really appreciate you did when you titled the book Your Money Your Way, you know what, what most attorneys would’ve done would title that your money or Your Life, but you kind of took the, the nicer approach and said, your money your way....