#WillsandTrusts

[lexinter]

Understanding Michigan Trusts https://www.lexinter.net/understanding-michigan-trusts

[20westlegal]

Huge thanks to DL from Acton, Massachusetts! 🙌

We loved hearing how much you enjoyed working with the 20WestLegal team! From crafting your will and trust to providing top-notch guidance, it’s fantastic to know we made the process smooth and stress-free.

We’re grateful for your trust and can’t wait to assist more clients with the same level of care. Thank you for sharing your experience with us! 💬❤️

[aalawsng]

WILL PART 2

REQUIREMENT OF A VALID WILL

A valid will must be in writing: It is imperative that a person has to take note of this important condition that a will can be typed, printed, or handwritten. It is a legally binding document that must be made in writing in order for it to be enforceable.

An individual of legal age can make a valid, He/she must be at least 18 years of age, with sound mind meaning that he/she understands that a will is being made and is the same as at the time of making the will.

A will must be made voluntarily without any external influence.

The will must be signed by the testator or any person he chooses on his behalf who then must sign in his presence and by his directions.

The testator must acknowledge his signature in presence of two (2) witnesses who must be present at the same time. Acknowledgement can be by word or conduct

The witnesses must themselves sign the will in presence of the testator. It is important to note that a witness cannot be a beneficiary to a will, and any gift given to a witness will be null and void. Choosing people who are not beneficiary to the will as witnesses will prevent a conflict of interest and ensure confidentiality. Therefore, the testator’s spouse and children cannot attest to a will, since they are definitely going to be beneficiaries in it.

A blind person can make a valid Will and  there must be a Caveat in the Will stating that the Will was read to the blind person and was signed by the person. However a Will can not be attested by a blind person.

There is however an exception to the making of a Will, a person who is not of a legal age and serves under any form of military service can make a valid Will.

CONTENTS OF A VALID WILL

The full name and address of the testator.

The names and address of the executors who will be in charge of the testator’s assets and ensure that the wishes under the will are carried out.

The full names and addresses of the beneficiaries in the will, and where the beneficiaries are minors, the particulars of the guardian appointed for them.

A full list and particulars of the testator’s assets; all the assets of the testator both real and personal should be listed, and how he wants the assets shared among the beneficiaries.

The names and addresses of witnesses to the will.

Signatures of the testator and that of the Witnesses.

REVOCATION OF A WILL

There are four ways in which a Will may be revoked as follows; by marriage, by making another Will, by writing to revoke and by destruction. 

Revocation of Will by Marriage: The testator’s marriage will automatically revoke any existing wills and codicils.This revocation occurs by operation of law, whether or not the testator wishes or intends such a revocation. Unfortunately, not all married persons are privy to the knowledge of this deemed revocation and the law may occasionally be viewed as creating some hardship to the disappointed beneficiaries. The rationale for this rule however, is to ensure that any children and new spouse will benefit, that is by creating an intestacy in the absence of a new will. In Section 11 Wills Edict 1990 0f Lagos State, the typical law states:

 “Every Will made by a man or woman shall be revoked by his or her marriage (other than a marriage in accordance with customary law) except: A will expressed to be made in contemplation of the celebration of that marriage. Provided that the names of the parties to the marriage contemplated are clearly stated”.

 An exception to this general rule is made if, and only if, 

Wills made in exercise of a power of appointment in which the person appointed will not default of the appointment but it passes to his or her executor or administrator.

Wills expressed to be made in contemplation of celebration of a marriage where the names of the parties to the marriage contemplated are clearly stated.

Revocation of Will by Voluntary Act: Pursuant to Section 14 of the Wills Act, a will may be revoked, in whole or in part, by the formal execution of a written declaration of revocation, whether this declaration stands alone or is found as part of a subsequent will or codicil. To be effective, however, the testator must intend to rescind the prior will, in whole or in part. It requires both a written declaration expressing the testator’s intent to revoke the prior will and requires that such a declaration be properly executed in compliance with the Wills Act formalities. Most often the revocation will be included in a new will or codicil however that is not required so long as the declaration of revocation is properly executed in compliance with the Wills Act formalities. From a practice standpoint therefore, where a testator wishes to make changes to a previous will, we suggest the safest practice is usually to start again by drawing a new will revoking the previous will entirely and thus avoiding any confusion. The words of revocation are not clear, the earlier will remain.

Revocation of Will by Destruction: a will, or part of a will may be revoked by the destruction of the will by the testator or by the testator’s direction and by sufficient destruction, with the testator’s intention of revocation. The intention to destroy and the act of destruction must coexist for a valid destruction. The Wills Act requires both that the testator intends a revocation by destruction and witness or participate in that destruction, whether it be the testator or his or her agent who physically effects the destruction. Partial destruction will not revoke the entire will unless those parts of the will left intact cannot stand on their own. The destruction must not merely be symbolic, but result in actual 'physical injury' to the will, such as cutting the will into bits which could not be pieced together or total incineration. The intention to revoke, no matter how clear it may be, is not enough without a completed act of destruction of the will. Similarly, destruction without intention to revoke does not revoke the will. 

[queensprobatelawyer]

Probate Peace: Get Answers with a Free Consultation from Our Skilled Attorneys

With the help of our knowledgeable free consultation probate lawyer, handle probate with ease. Make sense of the circumstance, comprehend the steps involved, and consider customized solutions. You can rely on Probate Peace to help you navigate the complex legal system. They provide a free consultation so you can make educated decisions and feel at ease.

[heymarketeer]

Planning for the golden years? An elder lawyer might be your best ally.

[profinancialsolutions]

Estate planning can provide peace of mind, ensuring that your assets, interests, and loved ones will be protected after you die, but it is also fertile ground for some costly mistakes.

If you get the right guidance you will be OK in all situations. Consult Asfar Ibrahim today.

Get in touch today or DM me. Email: asfar@profinancial.solutions Phone: +971 555342042

[pizzolatolawfl-blog]

TODAY APRIL 25TH FREE WILLS, TRUSTS AND ESTATE PLANNING WEBINAR

Once you have passed, your loved ones are left with all you acquired: your wealth, your estate, your legacy. To ensure that your assets go to your loved ones as you wish, it is vital you have the proper estate plan. This webinar provides general estate-planning information and discusses several options you may wish to include in a new plan or in updates to a current plan, including:

• The advantages and disadvantages of Wills and Living Trusts

• Maintaining your privacy and how you may protect your estate against a living probate

if you become disabled

• Planning before you need Long Term Care

• Why putting property in children’s names may be a mistake

• How you may protect your children’s inheritance from their future ex-spouses, lawsuits, and other claims

• How you may protect your estate for your kids if your surviving spouse gets remarried

• How Probate works and more importantly, how you may avoid Probate altogether!

• Providing for special needs (disabled) children, grandchildren, and your pets

The webinar closes with a detailed overview of our firm’s process and an opportunity to ask any questions you may have. Finally, at the conclusion of the webinar you may arrange for an initial consultation with Ms. Pizzolato to discuss your specific estate planning, if you would like.

[ukimmigrationmatters]

Wills, Trusts, and Inheritance Tax: How to Keep More for Your Family

Don’t Risk Losing Everything!

In the UK, inheritance tax can take a significant portion of your estate, leaving less for your loved ones. However, with careful planning through wills and trusts, you can mitigate this burden.

For more expert advice on managing your finances, subscribe to Charles Kelly Money Tips Podcast on YouTube or email charles@charleskelly.net to meet a specialist adviser.

Watch full YouTube interview: https://youtu.be/-SfqPiXPTbg

Creating a properly drafted will ensures your assets are distributed according to your wishes, potentially avoiding intestacy rules that might increase your tax liability. Including trusts in your estate planning is a powerful tool to protect your wealth. Trusts can help reduce inheritance tax by transferring assets out of your estate, placing them in the hands of trusted individuals for your beneficiaries.

Key strategies include the Nil-Rate Band Discretionary Trust, which allows you to pass on up to £325,000 tax-free, and gifting assets during your lifetime, which can also reduce the value of your estate if you survive for seven years after the gift.

It's essential to review and update your will regularly to reflect changes in your circumstances and tax laws. Proper estate planning with wills and trusts not only safeguards your legacy but also ensures your loved ones benefit from the maximum inheritance with minimal tax impact.

For more expert advice on managing your finances, subscribe to Charles Kelly Money Tips Podcast on YouTube or email charles@charleskelly.net to meet a specialist adviser.

#InheritanceTax #WillsAndTrusts #EstatePlanning #TaxSavings #CharlesKellyMoneyTips #section24 #paylesstax #business #discretionarytrust #livingwill

[eestateandtrust]

Safety deposit boxes are a go-to place for everyone to store valuable and other important stuff. But ever wondered whether banks can deny you access to safe deposit boxes. And what are the reasons behind the denial? You can go check our detailed blog about banks' status on denial to your safety deposit box, and secure your valuables before it's too late.

estateplanning #lawfirm #lawyer #estateandtrusts #probate #estateplannnigchecklist #law #lawyerasthetic

attorneywillsandtrustsnearme #comprehensiveestateplanning #estatesandtrusts #willsandtrusts

[randallafischerpa-blog]

Mastering the Art of Will Execution in Florida #willsandtrusts #willsla...

[smokymtnnotary]

🖋️ Need a Notary for Your Will or Trust Documents? 🖋️ Look no further than Smoky Mountain Notary—a trusted partner in estate planning and document signings. Here's why we are the ideal choice for handling your wills and trust signings: 📜 Expertise in Estate Planning Notarizations: Our team of experienced notaries specializes in estate planning documents, including wills, living trusts, testamentary trusts, and more. With our in-depth knowledge and attention to detail, you can rest assured that your documents will be executed flawlessly. 🏔️ Local Knowledge, Global Reach: Operating in Knoxville, Tennessee, we take pride in serving our local community. However, thanks to modern technology and remote online notarization options, we can assist clients from near and far, making the process convenient and accessible. 🖋️ Convenience and Flexibility: We understand that life can be hectic, which is why we offer flexible scheduling options for notarization appointments. Whether you prefer in-person signings or virtual meetings, we can accommodate your needs. We can provide witnesses, if needed, for both in-person and online signings. 💼 Professional and Discreet: Confidentiality is vital in estate planning matters, and our team values your privacy above all else. You can trust that your personal information and documents are handled with the utmost professionalism and discretion. 🌟 Personalized Service: Every individual's situation is unique, and we treat each client with the personalized attention they deserve. We take the time to understand your specific needs and tailor our services to match them precisely. 🏆 Trusted by the Community: Over the years, Smoky Mountain Notary has earned the trust and respect of countless clients. We are proud of our positive reputation and consistently strive to exceed expectations. 👨‍👩‍👧‍👦 Family Planning Attorneys Available: If you need a family planning attorney to draw up your will or trust documents, we have trusted attorneys we can refer you to in the Knoxville area. 📞 Contact Us Today at 865-386-7398: Let Smoky Mountain Notary be your reliable partner in wills and trust signings. Reach out to us today to schedule an appointment or learn more about our services. #SmokyMountainNotary #EstatePlanning #WillsAndTrusts #SecureYourLegacy #MakeAWillMonth #TennesseeNotary #MobileNotary #KnoxvilleNotary #OnlineNotary

[lexinter]

Understanding Michigan Trusts https://www.lexinter.net/understanding-michigan-trusts

[20westlegal]

Ask Me Anything "EPISODE 39" | Erica Endyke

Question: Why should my dad create a revocable trust?

Answer: Just tell him that he's creating a rule book. He's creating a rule book, letting us know what to do in the event that he becomes incapacitated and when he dies. And by properly planning and funding his rule book with his assets, you and your brother will not have to deal with court or the time that court requires or the cost that court requires or the judge that court requires.

You probably will still have to deal with a lawyer, but lucky for you, you're married to a lawyer.

[aalawsng]

WILL PART 2

REQUIREMENT OF A VALID WILL

A valid will must be in writing: It is imperative that a person has to take note of this important condition that a will can be typed, printed, or handwritten. It is a legally binding document that must be made in writing in order for it to be enforceable.

An individual of legal age can make a valid, He/she must be at least 18 years of age, with sound mind meaning that he/she understands that a will is being made and is the same as at the time of making the will.

A will must be made voluntarily without any external influence.

The will must be signed by the testator or any person he chooses on his behalf who then must sign in his presence and by his directions.

The testator must acknowledge his signature in presence of two (2) witnesses who must be present at the same time. Acknowledgement can be by word or conduct

The witnesses must themselves sign the will in presence of the testator. It is important to note that a witness cannot be a beneficiary to a will, and any gift given to a witness will be null and void. Choosing people who are not beneficiary to the will as witnesses will prevent a conflict of interest and ensure confidentiality. Therefore, the testator’s spouse and children cannot attest to a will, since they are definitely going to be beneficiaries in it.

A blind person can make a valid Will and  there must be a Caveat in the Will stating that the Will was read to the blind person and was signed by the person. However a Will can not be attested by a blind person.

There is however an exception to the making of a Will, a person who is not of a legal age and serves under any form of military service can make a valid Will.

CONTENTS OF A VALID WILL

The full name and address of the testator.

The names and address of the executors who will be in charge of the testator’s assets and ensure that the wishes under the will are carried out.

The full names and addresses of the beneficiaries in the will, and where the beneficiaries are minors, the particulars of the guardian appointed for them.

A full list and particulars of the testator’s assets; all the assets of the testator both real and personal should be listed, and how he wants the assets shared among the beneficiaries.

The names and addresses of witnesses to the will.

Signatures of the testator and that of the Witnesses.

REVOCATION OF A WILL

There are four ways in which a Will may be revoked as follows; by marriage, by making another Will, by writing to revoke and by destruction. 

Revocation of Will by Marriage: The testator’s marriage will automatically revoke any existing wills and codicils.This revocation occurs by operation of law, whether or not the testator wishes or intends such a revocation. Unfortunately, not all married persons are privy to the knowledge of this deemed revocation and the law may occasionally be viewed as creating some hardship to the disappointed beneficiaries. The rationale for this rule however, is to ensure that any children and new spouse will benefit, that is by creating an intestacy in the absence of a new will. In Section 11 Wills Edict 1990 0f Lagos State, the typical law states:

 “Every Will made by a man or woman shall be revoked by his or her marriage (other than a marriage in accordance with customary law) except: A will expressed to be made in contemplation of the celebration of that marriage. Provided that the names of the parties to the marriage contemplated are clearly stated”.

 An exception to this general rule is made if, and only if, 

Wills made in exercise of a power of appointment in which the person appointed will not default of the appointment but it passes to his or her executor or administrator.

Wills expressed to be made in contemplation of celebration of a marriage where the names of the parties to the marriage contemplated are clearly stated.

Revocation of Will by Voluntary Act: Pursuant to Section 14 of the Wills Act, a will may be revoked, in whole or in part, by the formal execution of a written declaration of revocation, whether this declaration stands alone or is found as part of a subsequent will or codicil. To be effective, however, the testator must intend to rescind the prior will, in whole or in part. It requires both a written declaration expressing the testator’s intent to revoke the prior will and requires that such a declaration be properly executed in compliance with the Wills Act formalities. Most often the revocation will be included in a new will or codicil however that is not required so long as the declaration of revocation is properly executed in compliance with the Wills Act formalities. From a practice standpoint therefore, where a testator wishes to make changes to a previous will, we suggest the safest practice is usually to start again by drawing a new will revoking the previous will entirely and thus avoiding any confusion. The words of revocation are not clear, the earlier will remain.

Revocation of Will by Destruction: a will, or part of a will may be revoked by the destruction of the will by the testator or by the testator’s direction and by sufficient destruction, with the testator’s intention of revocation. The intention to destroy and the act of destruction must coexist for a valid destruction. The Wills Act requires both that the testator intends a revocation by destruction and witness or participate in that destruction, whether it be the testator or his or her agent who physically effects the destruction. Partial destruction will not revoke the entire will unless those parts of the will left intact cannot stand on their own. The destruction must not merely be symbolic, but result in actual 'physical injury' to the will, such as cutting the will into bits which could not be pieced together or total incineration. The intention to revoke, no matter how clear it may be, is not enough without a completed act of destruction of the will. Similarly, destruction without intention to revoke does not revoke the will. 

[queensprobatelawyer]

For your peace of mind, have a free consultation with an expert probate lawyer

Take control of your family's destiny by contacting our knowledgeable probate lawyer for a free consultation. Make wise selections and smoothly navigate the intricacies of probate. Set up your complimentary appointment right now to receive individualised legal advice and guarantee a seamless estate settlement procedure.