Wills and Trusts

Aug 5, 2013Download as PPT, PDF0 likes243 views

When it comes to legal documents like wills, trusts and power of attorney, it can be quite confusing if your filling it out on your own.

Wills and Trusts
When it comes to legal documents like wills, trusts and power of attorney, it
can be quite confusing if your filling it out on your own. Legal language is
very difficult to understand, and you might end up making an incorrect
choice because you misunderstood the section. Unless you have an attorney
in the family, it is highly advisable to use some kind of legal council, whether
its an attorney or an online service.

Last Will and Testament
A last will and testament can be a very scary and nerve-wracking thing to
write. You may not be sure that you have included everything, or protected
your family and your possessions from who ever may be trying to steal them.
Venturing into this on your own is a very daunting task. It is often advisable
to consult an attorney and to take advantage of the services they provide,
even if it is a little bit pricey. Another good option is to use an online legal
service like (http://en.wikipedia.org/wiki/LegalZoom). Although this will
require more work than going to an attorney, this will be much easier on your
wallet. Some services like LegalZoom even take it upon themselves to write
your will. All you have to do is fill out a questionnaire.

Power of Attorney
A power of attorney is a document that lets you appoint someone you trust
to make your important financial decisions for you, whether immediately or
only in the case that you cannot make these decisions yourself. Although this
sounds relatively straight forward, there are a lot of provisions and
customizations that you can make to your form that will save you hassle and
problems in the future. Since this document can impact your livelihood, and
the livelihood of your family, it is very necessary to have an attorney or legal
service at least look over this document for you.

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The document discusses several complex issues that should be considered in modern estate planning, including virtual properties, blended families, and pet trusts. It notes that estate planning now requires expert legal guidance due to complicated relationships and digital assets. Group legal plans make it possible for people of all income levels to access an attorney to navigate these complex issues. The document provides examples of how virtual properties, blended families, and pet trusts need special consideration in estate planning documents like wills and trusts.

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Hiring a divorce lawyer is recommended to navigate complex issues like child custody, child support, spousal support, and asset division. A lawyer can help present the best case for custody arrangements, negotiate fair support amounts based on individual circumstances, and ensure paperwork is properly filed to avoid future issues. Their experience dealing with divorce matters daily also means they provide up-to-date advice and representation. However, an uncontested divorce with full agreement between spouses may not require legal representation.

Bond: Legal Will PlanningPage-1

This document discusses the importance of legal estate planning to avoid costly probate proceedings and disputes among family members. It recommends working with an attorney to create legal documents like a will, healthcare power of attorney, living will, and property power of attorney. Doing it yourself risks leaving out important details and still requiring an attorney, costing more money overall than working with a lawyer from the beginning. Estate planning services from the firm's attorneys typically cost $500-$2000 to ensure the legal distribution of one's estate and avoid potential probate issues.

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This document discusses the importance of legal estate planning to avoid costly probate proceedings and disputes among family members. It recommends working with an attorney to create legal documents like a will, healthcare power of attorney, living will, and property power of attorney. Doing it yourself risks leaving out important details and still requiring an attorney, costing more money overall than working with a lawyer from the beginning. Probate court can cost $5,000 or more and take years, while working with an attorney costs $500-2,000 and ensures your wishes are properly documented and carried out.

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Hiring a lawyer is recommended in many legal situations due to their expertise in navigating complex legal procedures and protocols. Lawyers understand how to properly handle evidence, file important documents before deadlines, and negotiate settlements or plea bargains. They can help avoid potential legal issues down the road by understanding contracts and representing clients' interests against other parties that have legal counsel. While legal advice is not always necessary, it is advisable to consult with a lawyer for free initially to assess whether representation would be beneficial for one's specific legal case or situation.

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There are 3 main reasons for freelancers to hire a lawyer: 1) To create legally binding contracts that protect the freelancer, as contracts created by lawyers will account for possible legal issues better than free online templates. 2) To establish a business entity like an LLC that limits personal liability and makes the business more attractive to potential investors. 3) To determine the appropriate business entity based on the freelancer's specific needs so they are protected without unnecessary expenses that could be used elsewhere in the business.

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This document discusses the importance of estate planning for homosexual and lesbian couples. It notes that without a will or other legal arrangements, a partner would not be able to inherit assets or make decisions about a deceased partner's estate. It provides details about what can happen without a will, such as property going to biological family instead of a partner. It also discusses other important legal documents like powers of attorney to allow a partner to manage assets if one becomes disabled.

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Wills and Trusts

1. Wills and Trusts When it comes to legal documents like wills, trusts and power of attorney, it can be quite confusing if your filling it out on your own. Legal language is very difficult to understand, and you might end up making an incorrect choice because you misunderstood the section. Unless you have an attorney in the family, it is highly advisable to use some kind of legal council, whether its an attorney or an online service.

2. Last Will and Testament A last will and testament can be a very scary and nerve-wracking thing to write. You may not be sure that you have included everything, or protected your family and your possessions from who ever may be trying to steal them. Venturing into this on your own is a very daunting task. It is often advisable to consult an attorney and to take advantage of the services they provide, even if it is a little bit pricey. Another good option is to use an online legal service like (http://en.wikipedia.org/wiki/LegalZoom). Although this will require more work than going to an attorney, this will be much easier on your wallet. Some services like LegalZoom even take it upon themselves to write your will. All you have to do is fill out a questionnaire.

3. Power of Attorney A power of attorney is a document that lets you appoint someone you trust to make your important financial decisions for you, whether immediately or only in the case that you cannot make these decisions yourself. Although this sounds relatively straight forward, there are a lot of provisions and customizations that you can make to your form that will save you hassle and problems in the future. Since this document can impact your livelihood, and the livelihood of your family, it is very necessary to have an attorney or legal service at least look over this document for you.

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Wills and Trusts

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