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 39520

What is a Last Will and Testament in Zip Code 39520

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 MS 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 39520
Epperson Elise
10199 Highway 603
Bay Saint Louis, MS 39520
(228) 466-9597
Attorneys,  Family Law Attorneys,  Social Security & Disability Law Attorneys,  Accident & Property
Epperson Deano E
10199 Highway 603
Bay Saint Louis, MS 39520
(228) 466-9597
Attorneys, Family Law Attorneys, Social Security & Disability Law Attorneys, Accident & Property Dam
Becky Farrell PLLC
125 Main St
Bay Saint Louis, MS 39520
(228) 463-8929
Family Law Attorneys,  Legal Service Plans,  General Practice Attorneys,  Attorneys,  Criminal Law A
Becky Farrell P
125 Main St
Bay Saint Louis, MS 39520
(228) 463-8929
General Practice Attorneys, Attorneys, Criminal Law Attorneys, Family Law Attorneys, Legal Service P
Santa Cruz Law Firm
718 Dunbar Ave
Bay Saint Louis, MS 39520
(228) 467-8484
Attorneys,  Insurance,  General Practice Attorneys,  Legal Service Plans
Harrison County District Attorney
152 Main St
Bay Saint Louis, MS 39520
(228) 467-6631
Attorneys
Yarborough Law Firm
845 Highway 90
Bay Saint Louis, MS 39520
(228) 467-5771
General Practice Attorneys, Legal Service Plans, Attorneys
Manieri Real Estate
517 Ulman Ave
Bay Saint Louis, MS 39520
(228) 216-5750
Attorneys, Real Estate Attorneys
Cynthia D. Burney
220 Bookter Street
Bay St. Louis, MS 39520
(228) 467-5586
Attorneys, Legal Forms, Legal Clinics, Legal Document Assistance
Butler Snow O'Mara Stevens & Cannada P
833 Highway 90
Bay Saint Louis, MS 39520
(228) 467-5426
Attorneys, Business Litigation Attorneys
Hawkins Stracener and Gibson P
153 Main St
Bay Saint Louis, MS 39520
(228) 467-4225
General Practice Attorneys,  Legal Service Plans,  Attorneys,  Attorneys Referral & Information Serv
Lipscomb Jr George H
412 Highway 90 # 9
Bay Saint Louis, MS 39520
(228) 467-3715
Attorneys, Legal Service Plans
Williamson Ann Arras
305 Railroad Ave
Bay Saint Louis, MS 39520
(228) 467-3244
Attorneys, General Practice Attorneys
Office of Long Term Recovery
510 N 2nd St
Bay Saint Louis, MS 39520
(228) 463-2605
Attorneys
Thriffiley Todd N
547 Saint John St
Bay Saint Louis, MS 39520
(228) 467-2400
Attorneys,  Criminal Law Attorneys,  Accident & Property Damage Attorneys,  Corporation & Partnershi
Compretta J P
220 Bookter St
Bay Saint Louis, MS 39520
(228) 467-1010
General Practice Attorneys, Attorneys
Gibson Ed
153 Main St
Bay Saint Louis, MS 39520
(228) 469-0785
Attorneys, Legal Service Plans
Benvenutti C Stephen
304 N 2nd St # A
Bay Saint Louis, MS 39520
(228) 467-0744
Attorneys, Medical Malpractice Attorneys, General Practice Attorneys, Legal Service Plans
Necaise David M
904 Dunbar Ave
Bay Saint Louis, MS 39520
(228) 466-0670
Attorneys, Legal Service Plans
904 Dunbar Ave
Bay Saint Louis, MS 39520
(228) 466-0670
Attorneys, General Practice Attorneys
Alexander & Alexander PC
220 Bookter St
Bay Saint Louis, MS 39520
(228) 467-0048
Attorneys,  Criminal Law Attorneys,  Wills, Trusts & Estate Planning Attorneys,  General Practice A
Scafide John A Atty
220 Bookter St
Bay Saint Louis, MS 39520
(228) 467-0048
Attorneys, Legal Service Plans
Stribling Law Firm Plic
153 Main St
Bay Saint Louis, MS 39520
(228) 270-0040
Attorneys, General Practice Attorneys
Butterworth Zach
841 Highway 90
Bay Saint Louis, MS 39520
(228) 466-0020
Accident & Property Damage Attorneys,  Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  C
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US