12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

What is a Last Will and Testament in Zip Code 01908

What is a Last Will and Testament in Zip Code 01908

A Last Will and Testament is the first building block of a good estate plan. Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death.

Option 1: Will-Based Estate Plan

All essential details of your Last Will and Testament will be outlined in the will-based estate plan. It will provide information including the person to be put in charge of settling your final affairs (the executor), the persons who will inherit your property (beneficiaries), and the provisions on how they will inherit it. Your last will and testament with a will-based estate plan will cover the following:

1. Who will serve as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will inherit your property

4. How and when your property will ultimately be transferred to your beneficiaries

5. Who will serve as guardian of your minor children until they become adults


Option 2: Trust-Based Estate Plan

In the trust-based estate plan a document called a revocable Living Trust will cover all the important points listed above in the will-based estate plan with one exception: the person in charge of settling your final affairs after you die is called an administrative or successor trustee instead of an executor. If you have a revocable living trust you will still need a Last Will and Testament so. Ideally, you will fund or move your assets into your trust before you die. If you fail to fund even one asset into your trust, then the last will and testament will be the necessary document that will "catch" the unfunded property and transfer it to your trust after you die. The last will and testament in this case will function as a pour over will that will cause the unfunded assets to "pour over" into your trust through a probate process.


A pour over will needs to cover:

1. Who will be in charge of your assets that were not funded into your trust as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will serve as guardian of your minor children until they become adults

4. What will happen in the absence of a Last Will and Testament?


In order for your property to go to the beneficiary of your choice after you are gone, a Last Will and Testament is recommended.


The absence of a will could result in the state providing a last will and testament on your behalf under the state's intestacy law. The laws of the state that your property is located in will prevail. This can get complicated if you own property in multiple states.

 
Personalize & Print a Free MA Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Related Legal Services near Zip Code 01908
Howard Lee Schiff Law Offices Pc Attys
340 Main St
Worcester, MA 01608
(508) 753-9991
General Practice Attorneys, Attorneys, Legal Service Plans
Schribman Marshall M
11 Beacon St
Boston, MA 02108
(617) 367-9979
Attorneys, Legal Service Plans
Lovenberg & Associates, P.C.
11 Beacon St # 325
Boston, MA 02108
(617) 973-9950
Accident & Property Damage Attorneys, Personal Injury Law Attorneys, Legal Service Plans
Kerby Roberson
15 Court Sq # 350
Boston, MA 02108
(617) 918-9898
General Practice Attorneys, Attorneys
Cabral Michael B
6 Beacon St # 1115
Boston, MA 02108
(617) 248-9800
General Practice Attorneys, Attorneys, Legal Service Plans
O'Reilly Michael J
45 School St
Boston, MA 02108
(617) 227-9779
Attorneys, Legal Service Plans
Spears W Diane
45 School St
Boston, MA 02108
(617) 227-9713
Attorneys, Legal Service Plans
Michajlow Vadim Law Offices
340 Main St Ste 910-7
Worcester, MA 01608
(508) 791-9706
General Practice Attorneys, Attorneys, Legal Service Plans
Ornell Craig
51 Union St # 208
Worcester, MA 01608
(508) 797-9655
Bankruptcy Law Attorneys,  Attorneys,  General Practice Attorneys,  Legal Service Plans
Reynolds Law Firm
340 Main St # 910
Worcester, MA 01608
(508) 791-9600
Attorneys, Business Law Attorneys, Patent, Trademark & Copyright Law Attorneys, Estate Planning Atto
Martin Lynne S
285 Main St
Worcester, MA 01608
(508) 754-9530
Attorneys, Legal Service Plans
White Veronica
101 Tremont St
Boston, MA 02108
(617) 338-9507
Attorneys, General Practice Attorneys, Legal Service Plans
Badger Legal Group
10 Mechanic St # 201
Worcester, MA 01608
(508) 753-9500
Attorneys, Legal Service Plans
Lerner & Holmes
2 Center Plz # 410
Boston, MA 02108
(617) 443-9470
Attorneys
Elikann Peter
80 Beacon St # 9
Boston, MA 02108
(617) 742-9462
Attorneys, Criminal Law Attorneys, DUI & DWI Attorneys, Legal Service Plans
Peter Elikann
80 Beacon St
Boston, MA 02108
(617) 742-9462
DUI & DWI Attorneys, Attorneys, Criminal Law Attorneys, Legal Service Plans
Kimball Brousseau & Michon
1 Washington Mall # 7B
Boston, MA 02108
(617) 367-9449
Attorneys, Legal Service Plans
Robert E Daidone Law Offices
44 School St
Boston, MA 02108
(617) 722-9310
Attorneys,  General Practice Attorneys,  Legal Service Plans,  Personal Injury Law Attorneys,  Crimi
Jane McGowan Esq.
306 Main St 3rd Floor
Worcester, MA 01608
(508) 281-9291
General Practice Attorneys,  Child Custody Attorneys,  Attorneys,  Family Law Attorneys,  Mediation
Kelly J Lawrence
101 Tremont St Ste 800
Boston, MA 02108
(617) 292-9220
Attorneys, General Practice Attorneys
Hren Gregory
101 Tremont St # 1015
Boston, MA 02108
(617) 426-9215
Attorneys
Saggese Alfred E Jr
2 Center Plz
Boston, MA 02108
(617) 742-9191
General Practice Attorneys, Legal Service Plans, Attorneys
First Security Pro Se Clinics
615 White St
Springfield, MA 01108
(860) 830-9187
Paralegals, Bankruptcy Services
Greene LLP
One Liberty Square, Suite 1200
Boston, MA 02108
(855) 809-9119
Personal Injury Law Attorneys, Employment Discrimination Attorneys, Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US