Writing your Last Will and Testament is a very important step to protect your family and loved ones. It allows you to make key appointments, and also describe the distribution of your assets. But it is only step part of a complete estate plan.
At USLegalWills.com we offer a complete estate planning service – you are able to create all of the documents that you need in one place. In this article we will describe all of the documents that make up a complete estate plan. We will explain the role of each document, and let you know how and where you can create each document.
There is a difference between writing a Will, and creating your complete estate plan. Here are the documents that you need.
A Last Will and Testament
What is it?
A Last Will and Testament serves two important functions. It allows you to make key appointments, and then allows you to describe the distribution of your “assets” (everything that you own).
You don’t need a lawyer to write a Will.
A lawyer, or estate planning attorney is trained in the law. If you have doubts about a particular situation, and you need a legal opinion on this situation, then you should speak to a lawyer.
Most people when they write a Will do not need to consult with a legal professional.
For example, if you wanted to write a Will that leaves everything to your spouse. But if you were both involved in a common accident, your estate would be divided between your children. This is a very standard Last Will and Testament. There is no legal nuance with this Will, and you would not need legal advice to prepare it.
Even if you had to set up a trust for a minor child, and name a guardian for your children, it is still a simple Last Will and Testament. There would be no need to pay $500 or more for this type of Will.
Do you want to know how to write a Will? Even though writing a Will is one of the most important things that everyone ought to do, most of us are very good at avoiding the issue. Most people put off the task of writing a Will, even though it is one of the most important things that we can do for our family.
The one thing that you should not be apprehensive about is that you do not know how to write a Will. There are plenty of resources out there to help you.
None of us really wants to think about our own demise, so putting off writing a Will seems like the easier option. Unfortunately, the reality is that if we don’t deal with the task of writing a Will, we leave our loved ones with huge potential difficulties.
Most people don’t make a Will – but you should not use this as an excuse! Writing a Will ought to be a very painless process and it can be quite affordable. Do not worry that you do not know how to write a Will. Continue reading
As with any task that comes to mind on odd occasions in your life, writing your Will can seem overwhelming. So much so, that most people don’t do it. However, if you are coming to this page, something that probably happened in your life to make you realize that writing a Will is a vitally important task.
Sadly most people who feel an immediate need to prepare their Will just do a Google search for a local estate planning attorney. They make an appointment, pay several hundreds or thousands of dollars and live with the peace of mind that the task is finally off their To Do list. As long as they don’t need to update it.
However, with a little research, you will quickly understand that writing your Will needn’t be difficult, inconvenient or expensive
Here are ten quick steps to writing your Will; Continue reading
The issue of Digital assets has come up again in the mainstream press. It was covered on the CBC in Canada and then was picked up by media outlets around the World. The Washington post ran with the headline
Her dying husband left her the house and the car, but he forgot the Apple password
The Daily Mail in the UK also ran the story with the headline “Widow who wanted her dead husband’s Apple ID so she could play games on their iPad is refused and told to get a COURT order instead”. The Sydney Morning Herald also alerted its readers. Google news is claiming 19,000 separate news articles about Peggy Bush, the 72 year old Canadian widow who simply wanted to play some games on the family iPad. The card game stopped working so she wanted to update it. To do this, she needed her late husband’s Apple ID password.
The best option that Apple gave her was to create a new Apple ID, but this would mean re-purchasing all of the games that had already been purchased by her husband. There was no way of transferring the games from one Apple ID account to another.
Apple suggested that they would only be able to release the User ID and password of the account with a court order. The general reaction was that this was a little unsympathetic to the situation; all of Peggy’s late husband’s assets had been successfully transferred, and nobody, including banks and insurance companies, had required a court order to do this. Continue reading