What Is a Beneficiary?
Commonly, a beneficiary is an individual that receives returns or benefits from something. In the insurance field, individuals generally use the term beneficiary in reference to the recipient of life insurance re...
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What Is “Residuary Estate” in a Will?
Whereas “residue" might make you think of the nasty bits in your kitchen’s drain, there is nothing distasteful about being appointed the beneficiary of a residual estate. When you are preparing a will or are appo...
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Will Executor Duties FAQ
An executor plays a very crucial part following the testator (the person to whom the will relates) passing away, including the duties of finding assets, paying liabilities, and making sure beneficiaries designate...
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5 Important Estate Planning Questions to Ask a Lawyer
Walking into a law firm to start your estate plan—even when it is only a simple will—can be an overwhelming experience. But being aware of what you are getting into can get you ready for the experience. The more...
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Checklist: Reasons to Update Your Will & Estate Planning Documents
Once they create a will, a lot of people are going to place it in a safety deposit box or leave a copy with their attorney and put it to the wayside. Nevertheless, there are at of reasons to go over i and update...
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Digital Estate Planning Laws
Electronic wills are a last will and testament that you create and sign electronically instead of a paper copy. What are Electronic Wills? Throughout the Covid-19 pandemic, legislators became involved in devisi...
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Reasons to Challenge a Will
It is usually very arduous to challenge a will. Wills are viewed by the court as the voice of the individual that created the will. This individual is referred to as the "testator" when still living and as the "d...
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Why Estate Planning is Important When You Have Kids – New Years Checklist
December is just about here, the holidays are fast approaching, and New Year’s Eve is close at hand. Between holiday shopping, settling end-of-year expenses, or planning for 2023, this could be your busiest time...
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Why Name Guardians? Give Your Spouse Peace of Mind
Being a parent, you probably find yourself quietly adoring your child’s latest accomplishment—getting a home run, taking on chess, nailing her geometry test, and on and on. But do you spend sufficient time thi...
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How to Revoke a Will
There are a handful of situations where revoking a will may be possible. For example, life changes – like getting married, getting divorced, getting remarried, and having a newborn – may change how you wish to di...
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