Do You Need a Living Trust?
December 11, 2008 by admin
As you continue to review your options for estate planning, you may want to consider a living trust. If this is an option for you, MyLegalEdge.com offers living trust forms for your specific state. If you don’t see the form that you need, contact us at staff@mylegaledge.com. [Read more]
Joint and Mutual Wills
November 30, 2008 by admin
You and your partner have decided that you want to create wills. Now the question becomes do you create a mutual will or a joint will? A joint will is a single will made by two people where the two individuals leave everything to each other. The major minus of a joint will is that they can tie up property for years, pending the second death of the surviving partner to the joint will. The survivor of a joint will must live with the stipulations of the will because the deceased party is not around to approve any changes.
A mutual will between two parties will accomplish the same effect of a joint will without the hassle of tying up property for years. In mutual wills, each party completes a separate will and leaves the property to his or her partner. In the event a change needs to be made to either will, the parties do not have to get the approval of one another.
Having a will gives those involved a definite peace of mind. If you are in need of a will, check out MyLegalEdge.com. If you don’t see the document you need, just e-mail us at staff@mylegaledge.com.
Choosing an Executor For Your Will
November 11, 2008 by admin
At MyLegalReview, we know that choosing an executor is a very important matter. This person will be repsonsible for providing the administration of your estate. It is key that you choose someone you trust and name this person within your will. [Read more]
The Importance of Having a Will
November 9, 2008 by admin
Check out this video concerning the Importance of Having a Will:
The Value of a Living Will
October 21, 2008 by admin
Another tool that is important in your estate planning is the living will. The living will garnered a lot of attention during the case of Terri Schiavo. Terri suffered brain damage and remained in a persistent vegetative state. Her husband and guardian, Michael Schiavo, petitioned the court to remove her feeding tube. Terri’s parents objected. This controversy lasted several years and sparked a huge debate as to who had the right to make decisions for Terri, her husband or her parents.
After 14 appeals, numerous motions, and petitions, a ruling was issued in favor of Terri’s husband and her feeding tube was removed. Terri died at Pinellas Park hospice on March 31, 2005.
One way to avoid the issue detailed above is to have a living will prepared. MyLegaledge.com offers living will form products specific to your state. If you are not able to find the form you need, just e-mail us at staff@mylegaledge.com. You may also leave your comments here at MyLegalReview.com.
What is a Living Will?
To Will or Not to Will? That is the Question.
October 18, 2008 by admin
Preparing a will is one of the most effective estate planning tools available. Your will offers you the most secure way to make sure your final wishes are carried out. If you are in need of a will, mylegaledge.com has a product to fit your needs. Each will packet comes with step-by-step instructions to help you complete the documentation. If you need to contact the staff of MyLegalEdge.com, just send an e-mail to staff@mylegaledge.com. You are also welcome to leave your comment here at MyLegalReview.com.
The Needful Things - Will Requirements
Will requirements will vary from state to state. The testator, being the person who makes the will, must be competent and of sound mind when the will is drafted. The majority of states require that wills be written. However, some states allow holographic wills. These wills are totally handwritten and signed by the testator. Under very strict, emergency circumstances, some states will even hold that an oral will is valid.
