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 75446

What is a Last Will and Testament in Zip Code 75446

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 TX 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 75446
Stephens Skyler W
1301 S Capital Of Texas Hwy Ste 122B
West Lake Hills, TX 78746
(512) 328-9999
General Practice Attorneys, Attorneys, Legal Service Plans
Hensley Edward F
1007 Mo Pac Cir # 201
Austin, TX 78746
(512) 476-9988
Insurance Attorneys, Attorneys, Social Security & Disability Law Attorneys, Personal Injury Law Atto
Swann Lori A
12 Greenway Plz # 1310
Houston, TX 77046
(713) 961-9929
Attorneys, Legal Service Plans
Lea C. Noelke
901 South Mopac Expressway, Suite 200
Austin, TX 78746
(512) 480-9777
Family Law Attorneys
English Patricia A.
901 S Mo Pac Expy
Austin, TX 78746
(512) 480-9777
Family Law Attorneys, Attorneys, Legal Service Plans
Noelke English Maples St Leger Blair LLP
901 S Mopac Expy Plaza II Suite 200
Austin, TX 78746
(512) 480-9777
Divorce Attorneys, Family Law Attorneys
Osborn Judy
2705 Bee Cave Rd Ste 225
Austin, TX 78746
(512) 327-9740
Attorneys, Legal Service Plans
Williams Regina C
4101 Parkstone Heights Dr
Austin, TX 78746
(512) 330-9740
Attorneys, General Practice Attorneys
Jeth Jones / Jones Law Firm
One Greenway Plaza, Suite 100
Houston, TX 77046
(713) 224-9700
Schaubhut, Lawrence P SR
4611 Bee Cave Rd
West Lake Hills, TX 78746
(512) 330-9656
Estate Planning Attorneys, Attorneys, General Practice Attorneys, Legal Service Plans, Criminal Law
Dickie Martha
2301 S Capital Of Texas Hwy Ste H10
Austin, TX 78746
(512) 474-9486
General Practice Attorneys, Attorneys
Ray C L Law Offices
604 Beardsley Ln
Austin, TX 78746
(512) 328-9238
Attorneys
Ray Wood & Bonilla
2700 Bee Cave Rd
Austin, TX 78746
(512) 328-8877
Attorneys, Legal Service Plans, Civil Litigation & Trial Law Attorneys, Appellate Practice Attorneys
Wood Buck
2700 Bee Cave Rd
Austin, TX 78746
(512) 328-8877
Attorneys,  Legal Service Plans,  Civil Litigation & Trial Law Attorneys,  Appellate Practice Attorn
Jones James
8 Greenway Plz # 1500
Houston, TX 77046
(713) 877-8788
Corporation & Partnership Law Attorneys, Attorneys, Legal Service Plans, Labor & Employment Law Atto
Moulton David
8 Greenway Plz # 1500
Houston, TX 77046
(713) 877-8788
Corporation & Partnership Law Attorneys, Attorneys, Legal Service Plans, Labor & Employment Law Atto
King Law Offices
19211 S US Highway 377
Dublin, TX 76446
(254) 968-8777
Attorneys,  General Practice Attorneys,  Legal Service Plans,  Bankruptcy Law Attorneys,  Criminal L
Warren William S
1011 Westlake Dr
West Lake Hills, TX 78746
(512) 347-8777
Civil Litigation & Trial Law Attorneys, Attorneys
Stanton Calver Drew
2801 Via Fortuna
Austin, TX 78746
(512) 542-8691
Attorneys
Bowen Donna
2705 Bee Cave Rd
Austin, TX 78746
(512) 795-8686
General Practice Attorneys, Attorneys
Slack & Davis LLP
2705 Bee Cave Rd Ste. 220
Austin, TX 78746
(512) 795-8686
Product Liability Law Attorneys, Attorneys
Townsend Justin
2705 Bee Cave Rd Ste 220
Austin, TX 78746
(512) 795-8686
General Practice Attorneys, Attorneys
Taylor Harold J
2801 Via Fortuna # 100
Austin, TX 78746
(512) 542-8678
Attorneys
Floyd Adam V
2801 Via Fortuna # 100
Austin, TX 78746
(512) 542-8648
Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US