The Will
Back
to Case Studies
The will
is the most basic part of every estate plan. By definition,
it is a legal declaration of a person's wishes regarding the disposal
and distribution of his or her estate after death. The will is the legal
document drafted during your lifetime that addresses numerous issues:
- Final testimony
of your Christian faith
- Property and
asset distribution
- Naming a personal
representative
- Naming a legal
guardian for minors
- Reducing estate
tax liability
In the absence
of a will, the state will resort to a formula. A judge will
name an executor, bond may have to be posted, the court will name a
guardian for any minor children, and a formula will determine asset
and property distribution.
Every state
has different laws and regulations when it comes to the execution
and validity of a will, and they are often strict. Be sure to retain
a competent lawyer who is familiar with the laws of your state of residence
to draft your will.
Overview
of Estate Planning
Services | Admin
Login | Contact Us
Information
on this site is NOT intended for legal advice. See
Disclaimer
©PhilanthroCorp
Planned Giving
|
|
 |
|
______________________ |
|
|
© 2003-05 TEAM.
All rights reserved.
Contact the webmaster. |
|
return to top |
Home > Giving
Opps. > Planned Giving