wills

Problems with Do It Yourself Wills

Problems with Do It Yourself Wills

A will is legally binding when properly filled out, addressing who receives your assets and properties after you die. Your will names a personal representative (executor) who will carry out your directives. In addition to asset distribution, your executor makes a public notice of your death, files your final taxes, and records your will in …

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A Will Does Much More than Transfer Your Assets

A Will Does Much More than Transfer Your Assets

Care.com’s annual estate planning survey for 2019 found that 57% of U.S. adults do not have a Last Will & Testament (a “Will”). The survey found that participants were more likely or less likely to have a Will depending on issues such as age, race, and education. For example, when broken down generationally, 66% of people aged …

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Absence of a Will

Settling an Estate in the Absence of a Will

According to caring.com and despite the COVID-19 pandemic, overall percentages of older Americans without a will, in essence, remain the same. Remarkably, younger adults with a will show an increase of sixty-three percent comparative to pre-pandemic times. This 18 – 34 year old demographic is now sixteen percent more likely to have a will than those 35 …

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will

What a Will Can and Cannot Do for You

A will is a legally binding directive stating who will receive your property upon your death and is an important part of a comprehensive estate plan. If you die without one (intestate), the state will distribute your assets and property via state law and quite possibly at odds with your wishes.  Having a will allows …

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why you need a will

Why You Need a Will

There are several reasons why you need a will. A Caring.com wills survey shows the number of Americans with a will has had a minimal increase of 2.5 percent over the past year. Overall, the percentage of those with a will continues to decline, 33 percent in 2021 versus 42 percent in 2017. The COVID-19 pandemic …

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