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 Merigold, MS

What is a Last Will and Testament in Merigold, MS

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 Merigold, MS
Stribling Law Firm
17561 Highway 21 N
Sebastopol, MS 39359
(601) 625-9944
General Practice Attorneys, Legal Service Plans, Attorneys
Mcalpin Dolton W Pa
315 Greensboro St
Starkville, MS 39759
(662) 323-9743
Attorneys, Real Estate Attorneys, Legal Service Plans
Haug C Marty
203 E Main St
Starkville, MS 39759
(662) 324-9492
Attorneys, Criminal Law Attorneys
Brown Charles Bruce
102 E Main St
Starkville, MS 39759
(662) 324-9180
Attorneys,  Criminal Law Attorneys,  Personal Injury Law Attorneys,  Civil Litigation & Trial Law At
David Mays
212 E Main St
Starkville, MS 39759
(662) 617-9095
Criminal Law Attorneys, Family Law Attorneys, General Practice Attorneys, Wills, Trusts & Estate Pla
Cox Jessica
40 Homan Rd
Potts Camp, MS 38659
(662) 333-9009
Attorneys
Knox Brace L
203 E Main St
Starkville, MS 39759
(662) 648-8467
Attorneys, Family Law Attorneys, Divorce Attorneys
Underwood Lawfirm
200 S Montgomery St # 203
Starkville, MS 39759
(662) 323-7779
Attorneys
Moore, John S
108-1/2 S Lafayette St
Starkville, MS 39759
(662) 323-7740
Attorneys, Legal Service Plans
Perkins Roy A
309 Dr Martin Luther King Jr Dr E # 104
Starkville, MS 39759
(662) 324-7300
Attorneys, Legal Service Plans
Patton J C
107 E Lampkin St
Starkville, MS 39759
(601) 965-7261
Attorneys
Montgomery John M Mickey
109 E Main St
Starkville, MS 39759
(662) 323-6916
Personal Injury Law Attorneys, Attorneys
Total Attorneys - DUI
PO Box 274155
Starkville, MS 39759
(662) 268-6867
Attorneys, Legal Service Plans
Woodard Allen S Law Office
400 W Race St
Rolling Fork, MS 39159
(662) 873-6777
General Practice Attorneys, Attorneys, Legal Service Plans
Woodard Allen S
190 E Race St
Rolling Fork, MS 39159
(662) 873-6777
Attorneys
Crecink John
19 Page Ave
Starkville, MS 39759
(662) 320-6600
Attorneys,  Labor & Employment Law Attorneys,  Real Estate Attorneys,  Personal Injury Law Attorneys
THE CRECINK LAW FIRM, PLLC
123 1/2 W Main St
Starkville, MS 39759
(662) 320-6600
Attorneys, Real Estate Attorneys, Wills, Trusts & Estate Planning Attorneys
Weissinger Jr Charles H
401 Walnut St
Rolling Fork, MS 39159
(662) 873-6258
Attorneys, Legal Service Plans, General Practice Attorneys
The Waide Law Firm
209 E Main St
Starkville, MS 39759
(662) 617-5206
Civil Litigation & Trial Law Attorneys, Attorneys, Criminal Law Attorneys
Matthew Wilson P
107B W Main St
Starkville, MS 39759
(662) 312-5039
Attorneys, Criminal Law Attorneys, General Practice Attorneys, Legal Service Plans
Hunt Law Office PC
1192 W Lakeshore Dr
Starkville, MS 39759
(662) 320-4698
General Practice Attorneys, Attorneys, Legal Service Plans
Mallette Stephanie L
205A Jefferson St
Starkville, MS 39759
(662) 320-4411
Attorneys,  Family Law Attorneys,  Divorce Attorneys,  General Practice Attorneys
Schilling and Schilling PLLC
300 Greensboro St
Starkville, MS 39759
(662) 323-3939
Attorneys,  Divorce Attorneys,  DUI & DWI Attorneys,  Real Estate Attorneys,  Personal Injury Law At
Perry Winfield & Wolfe PA
224 E Main St
Starkville, MS 39759
(662) 323-3920
Litigation & Tort Attorneys,  Family Law Attorneys,  Business Law Attorneys,  Insurance Attorneys,  
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US