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Evaluating a Codicil vs. a New Will for your Estate Planning Strategy
When an estate planning strategy needs updating, there’s always one key question. Should an entire will be written and executed, or is a simple amendment sufficient? An amendment to a will, in lawyer talk, is a codicil. It’s an important question, and not one to be taken lightly. There are no guidelines or restrictions in […]
Understanding the Last Will and Testament
The terms “last will and testament” and “will” often are used interchangeably and today mean the same thing. Both refer to a legal document that outlines a person’s final wishes regarding the distribution of assets and property after death and often other matters, such as the guardianship of minor children. Will is often used as […]
Guide to Wills: The Definitive Guide to Your Last Will and Testament
Guide to Wills: The Definitive Guide to Your Last Will and Testament addresses one of the most important documents for guarding wealth, providing for loved ones, and achieving other goals. Regardless of the size of an estate, the will is a critical part of an estate plan. It guides the distribution of assets […]
What is the Difference Between a Testament and a Will?
There is no difference between a testament and a will these days. In recent times, the words “testament” and “will” are often seen together as “last will and testament.” A last will and testament is a legal document that outlines a person’s final wishes regarding the distribution of assets and property after death […]
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What is the Definition of a Last Will and Testament?
The terms “last will and testament” and “will” often are used interchangeably and today mean the same thing. Both refer to a legal document that outlines a person’s final wishes regarding the distribution of assets and property after death and often other matters, such as the guardianship of minor children. Will is often […]
How to Write a Last Will and Testament
About 74% of Americans lack a last will and testament, often because they find it a confusing or difficult topic. Writing a will is not as difficult as many people believe, and many people can do it with or without a lawyer. A lawyer is not required for a valid will, but many people […]
Last Will and Testament Template
About 74% of Americans lack a last will and testament. However, the last will and testament, is fairly easy to prepare. A last will and testament is a legal document that describes how the estate is to be distributed according to the wishes of the testator and sometimes covers other issues. You […]
How to Make a Will Without a Lawyer, Part II
In last week’s Retirement Watch Weekly, I presented Part 1 of How To Make a Will Without a Lawyer. Here’s Part 2: Name Guardians for Your Children When a testator has minor children, the will should designate one or more individuals who will serve as guardians for the children if both parents are deceased. It […]
