Wills and Living Wills

Wills and Living Wills from LegalLife Legal Advisors & Services in Legal

By: LegalLife Legal Advisors & Services in Legal  08-15-2011
Keywords: legal, services, Attorneys

What is a Will and why do I need one?

A will is a legal document that allows a person to ensure that their final wishes and intentions regarding their estate are known and can be fulfilled.

If you die without leaving a valid will, the law will choose your beneficiaries, the executor and the way that your estate will be distributed. There may also be undue delays and expenses in the reporting and administration of your estate, which may cause hardship on your family, who may be dependent on your estate for their livelihood.

Keywords: attorney, Attorneys, Law Firm, Lawyer, Lawyers, legal, Legal Advice, Legal Services, Living Wills, services, Wills

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08-15-2011

Trusts

The advantages of a trust include:  * Asset protection from creditors, sureties and insolvency situations. * Savings on Capital Gains Tax, Estate Duty, Executor’s fees and other costs on death. * Providing continuity in the event of death because there is no estate freezing (beneficiaries will still have access to money and assets).