Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0;...
Keyword: Austin Estate Planners
A good portion of the estate plan covers the will. Basically, it is a document which appoints individuals to manage or become the beneficiaries of the assets of the testator or the maker of the will. Wills come in several types and it is important to learn what they are.
There are some minor classifications such as a serviceman’s will which is created by a person on active English military service; an unsolemn will which is a will wherein the executor is not named; and a mystic will which is a will that is sealed until death. Apart from these minor types, there are the major ones that you should know about. These wills include holographic, nuncupative, notarial and reciprocal wills.
A holographic will is a will that is handwritten by the testator. The materials about the terms and conditions in the will and the signature of the testator are written by hand and by the testator himself. There are no witnesses to this will as such there are many jurisdictions that do not admit them in court. Somehow, only half of the states will consider the holographic will to be valid.
The nuncupative or non-culpatory will is a will that is spoken or dictated and not written down. As such, it is sometimes called as an oral will. Only a few state jurisdictions allow this kind of will, too. It is often only permitted to be made by sailors or military men, by some people during their last illness and by those whose assets are of little value.
The notarial will is a will that is made by a civil-law notary. It is a formal will that is drafted by a lawyer, which is typed, dated and signed by the testator in front of at least two witnesses. The witnesses to the will are individuals that are not in any way beneficiaries to the will.
The reciprocal will is a will that is made jointly by two individuals. It is sometimes referred to as mirror, mutual or husband and wife will. In this type, the two parties (usually the spouses) create provisions and terms that are in favor of each other.
Learning that there are different types of wills and their validity may or may not be permitted by your state, it is highly recommended that you seek out the aid of estate planners when you consider making a will for yourself. Austin Estate Planners, a duly-established firm in the industry, will be able to help and guide you to create a will that conforms to your desires as well as to your state laws. Austin Estate Planners is made up of a team of competent lawyers who are always updated by the current changes in estate planning laws. With their guidance, you can be sure to create a solid will that will benefit your loved ones and intended beneficiaries.
Why It Should Be a Requirement in Every Daycare
Good habits, in order for them to be carried into adulthood, must be instilled early on. The toddler years of the children is a perfect opportunity to...
Let Kids Participate and Learn Good Hygiene
A handwashing station is an admirable and exceptional substitute for areas where building and installing standard sinks are just impossible and imprac...
A Hand Washing Station for People Young and Old
Hand washing is clearly a very important habit. The simple procedure of soaping and rinsing your hands can keep you away from many common and serious ...
