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Looking for legal will?
Would you trust the most
important decisions of your life to others -- especially decisions that
affect the welfare of your children? The answer is: of course not!
However, unless you have a will, that is precisely what will happen. Under
state law, the state will determine who, if anyone, is entitled to your
estate upon your death.
A will is a legal instrument that specifies who are to be the
beneficiaries of your estate, and when they are to receive their
inheritance. The act of dying without a will is called "dying intestate".
People who are not named as beneficiaries may challenge the wishes of the
decedent. By properly preparing a will, you can reduce this risk.
There are rules and regulations that limit to whom you may leave your
estate; for example, there are rules that prohibit you from leaving your
estate to future generations of unborn children. Also, public policy
considerations prohibit you from leaving gifts that would be viewed as
waste, such as the maintenance of your pet’s grave. Under federal law,
people with the largest estates are required to pay tax at a rate of 55
percent.
It is always a good idea to keep a copy of your will in a place that is
easily accessible to others. In addition, it is wise to give copies of
your will to one or two other people whom you trust.
Don't leave the decision up to others of how your estate is to be divided.
Instead, prepare a will.
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