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Frequently Asked Questions About Wills, Living Wills And Powers Of Attorney - dated: December 10, 2003 - author: Sheri R. Abrams - The simplest way to ensure that your funds, property and personal effects will be distributed after your death according to your wishes is to prepare a will. click here for full text.
Living Will And Durable Power Of Attorney For Health Care. What Is The Difference? - dated: February 15, 2004 - author: James Wood - A Living Will is a legal document addressing only deathbed considerations; a client unilaterally declares his/her desire that life-prolonging measures be discontinued when there is no hope of ultimate recovery. On the other hand, people use a Durable Power of Attorney for Health Care to appoint someone to make all healthcare decisions, limited by certain elections regarding deathbed issues click here for full text.
What is the Difference Between a Power Of Attorney and a Guardianship? Which is Appropriate for Someone With Alzheimer’s - dated: September 22, 2004 - author: William G. Hammond, JD - A power of attorney is a legal document in which one person (the principal) authorizes another (the agent) to act on his/her behalf. Guardianship, on the other hand, is a legal relationship whereby a probate court click here for full text.
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Estate Planning And The Revocable Living Trust - dated: September 16, 2005 - author: David G. Hallstrom, Sr. - With a Revocable Living Trust, you transfer the title of any of your assets (such as a house) from yourself as an individual, to yourself as Trustee of the Trust. Then you, as the Trustee of the Trust, manage the assets of the Trust for the benefit of the beneficiary, which is you. In this manner, you keep complete control over the assets. Once you pass on, a Successor Trustee click here for full text.
Probate - posted: January 5, 2005 - author: Wikipedia - In most states, after a person residing in that state has died, his property immediately becomes the property of his spouse, if any, without the need for probate. (This is the case in states that recognize a married couple's property as community property, tenancy in entirety, or tenancy in common.) If there is no click here for full text.
What Is An Estate - posted: January 5, 2005 - author: Wikipedia - Basically an estate is comprised of the tangible assets of personal property which belong to a natual person and must either escheat to the state upon the death of person, be beqeathed through click here for full text.
Trusts And Estates - posted: January 5, 2005 - author: Wikipedia - The law of trusts and estates is generally considered the body of law which governs the management of personal affairs and the disposition of property of an individual in anticipation and the event of such person's incapacity or death, also known as click here for full text.
Use Of Estates And Trusts - posted: January 5, 2005 - author: Wikipedia - Another major factor in trusts and estates law may be to minimize one's tax exposure. After an applicable exempt amount, the United States federal estate tax very quickly approaches 50% of one's taxable estate. The proper use of trusts may reduce one's tax burden. click here for full text.
Uses Of Trusts - posted: January 5, 2005 - author: Wikipedia - In order to expedite the process of transferring assets to intended benficiaries, some people choose to arrange their property so that it can bypass the probate process upon their deaths. For example, placing property into a trust before death (as opposed to a testimentary trust) will often allow click here for full text.
Taking Control; Safeguarding the Distribution of Your Assets by Making A Will - posted: April 14, 2005 - author: Janine Byrne - A valid will is one of the most important documents you could ever put your signature to, as the consequences of failing to make a will before you die can have far-reaching effects on the people you care about most. Despite the importance of this legal document click here for full text.
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