Tag Archives: execute

Do I Need a Lawyer to Create a Last Will?

Any time you are going to execute a legally binding document, you would do well to speak with a lawyer. This can seem like an overstatement of the obvious, and for many years, it certainly was. However, now that we are all plugged into the Internet, you see websites that sell generic, boilerplate legal documents. They often contend that a lawyer is really not necessary. Is this the truth? For an answer, you may want to look at some research that was conducted by the highly respected magazine Consumer Reports back in 2012. They decided to look into the subject, and they got three of their staffers to use online tools that were provided by three of the major purveyors of generic legal documents. The researchers created three different last wills. The magazine researchers wanted independent experts to examine the wills to see if they were in fact valid. There were no particular expectations. For all they knew, the wills would be perfectly acceptable. The point was to find out the true fa


What Estate Planning Documents Do I Need?

When you plan your estate, you execute certain legally binding documents. In this blog post, we will look at some of the documents that could be included in a well constructed estate plan. Last Wills Most people have heard of the legal document called a last will or last will and testament. It would be possible to use a last will to state your wishes regarding the distribution of your financial resources after your passing. While a will can be a decent choice for some people, other options exist. Under many circumstances, a trust of some kind would be a better option. Living Trusts Even if you are not wealthy, you may want to use a living trust as an alternative to a last will. A will must be admitted to probate, and the estate must be probated before the heirs can receive their inheritances. When assets have been conveyed into a living trust, they could be distributed to the beneficiaries outside of probate. As a result, the inheritors could receive distributions in a more timely man