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Frequently Asked Questions About Wills, Living Wills And Powers Of Attorney - entered: December 10, 2003 - author: Sheri R. Abrams - The simplest way to ensure that your funds, property and personal effects will be distributed after your death according to your wishes is to prepare a will. A will is a legal document designating the transfer of your property and assets after you die. click here for full text.

Revocable Living Trust - entered: September 9, 2005 - author: From Plan-My-Estate.com - With a Revocable Living Trust, you transfer the title of any of your assets (such as a house) from yourself as an individual, to yourself as Trustee of the Trust. Then you, as the Trustee of the Trust, manage the assets of the Trust for the benefit of the beneficiary, which is you. In this manner, you keep complete control over the assets. Once you pass on, a Successor Trustee takes over the management of the asssets for the benefit of the beneficiaries that you named in your Trust. Your assets do not have to pass through Probate because the assets are no longer titled in your name as an individual, but are now titled in the name of the trust. click here for full text.

Uses Of Trusts - entered: January 5, 2005 - author: Wikipedia - In order to expedite the process of transferring assets to intended benficiaries, some people choose to arrange their property so that it can bypass the probate process upon their deaths. For example, placing property into a trust before death (as opposed to a testimentary trust) will often allow click here for full text.

Living Will And Durable Power Of Attorney For Health Care. What Is The Difference? - entered: February 15, 2004 - author: James Wood - A Living Will is a legal document addressing only deathbed considerations; a client unilaterally declares his/her desire that life-prolonging measures be discontinued when there is no hope of ultimate recovery. On the other hand, people use a Durable Power of Attorney for Health Care to appoint someone to make all healthcare decisions, limited by certain elections regarding deathbed issues click here for full text.

Trusts And Estates - entered: January 5, 2005 - author: Wikipedia - The law of trusts and estates is generally considered the body of law which governs the management of personal affairs and the disposition of property of an individual in anticipation and the event of such person's incapacity or death, also known as click here for full text.

What is the Difference Between a Power Of Attorney and a Guardianship? Which is Appropriate for Someone With Alzheimer’s? - entered: September 22, 2004 - author: William G. Hammond, JD - A power of attorney is a legal document in which one person (the principal) authorizes another (the agent) to act on his/her behalf. Financial powers of attorney allow your agent to make decisions regarding your property. Healthcare powers of attorney allow your agent to make decisions regarding your health care needs. click here for full text.

Living Trusts: How to Avoid a Deceptive Deal - entered: September 9, 2005 - author: Alan S. Kopit From Plan-My-Estate.com - Even if you have a modest estate, a “living trust” can be an important estate-planning tool to give you control over your assets while you’re alive, and to allow you to transfer your assets to your heirs without going through the time and expense of probate. But there are many misconceptions about “living trusts,” and AARP (American Association of Retired Persons) reports since the first of the year, there has been an upsurge of deceptive telemarketing calls, mass mailings and newspaper ads designed to lure consumers into paying a lot of money for something they may not need. click here for full text.

When Should You Re-Write Your Will - entered: December 9, 2002 - author: J. Mahserjian & W. Clark - If you are contemplating, or in the process of, divorcing your spouse, it is crucial that you either revise your existing will, or have your attorney prepare a new one for you. If you are contemplating, or in the process of, divorcing your spouse, it is crucial that you either revise your existing will, or have your attorney prepare a new one for you click here for full text.

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