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What legal document states a person's wishes regarding the disposal of their property after death?
Wiki User
∙ 12y ago
A "Lat Will and Testament" is the document a person has prepared for the disposal of their assets after their death.
Wiki User
∙ 12y ago
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If Dad had no assets Do you need probate?
Not if there are no assets at all. A will is simply a document that transfers a persons property to other persons after death. If there are no assets to be transferred, then there is nothing for the will to do.
What is the difference between a will and a living will?
A will is a document that transfers a person's property to others upon his/her death. This is called a testamentary document. It has no effect to transfer property until the testator dies. A living trust is a document that creates a fund of property, which is administered by the trustee for the benefit of other persons but with certain restrictions or directions on how the fund is to be used. This is called an inter vivos document because it is effective to transfer property during the person's lifetime.
What is the difference between a living will and a living trust?
A will is a document that transfers a person's property to others upon his/her death. This is called a testamentary document. It has no effect to transfer property until the testator dies. A living trust is a document that creates a fund of property, which is administered by the trustee for the benefit of other persons but with certain restrictions or directions on how the fund is to be used. This is called an inter vivos document because it is effective to transfer property during the person's lifetime.
What is a will?
A will is a legal document that specifies how a person's assets and property are to be distributed after their death. It allows individuals to outline their wishes regarding beneficiaries, guardianship of minor children, and other important decisions. Having a will in place can help ensure that assets are distributed according to the person's wishes.
What is Arkansas law regarding property rights between spouses?
Title 9 Family Law Subtitle 2. Domestic Relations Chapter 11 Marriage Subchapter 5 -- Rights and Property of Married Persons
What is meant by heirs at law?
Heirs at law are the persons who would inherit the property of a decedent who died with a Will.Heirs at law are the persons who would inherit the property of a decedent who died with a Will.Heirs at law are the persons who would inherit the property of a decedent who died with a Will.Heirs at law are the persons who would inherit the property of a decedent who died with a Will.
DOD policy regarding Trafficking in Persons is?
Zero Tolerance
If someone keys your car while on another persons property is that persons insurance responsible?
no
What does Warrant and forever Defend mean?
I assume you mean in a deed. This means that you warrant that you have the right to sell the property (meaning you and no other persons are the owner of the property) and that you will defend the property against any persons claiming to own the property through you (such as your kids).
Can you add a new name to be a trustee of a property that has been entrusted to some persons?
If property is owned in the name of a trustee of a trust, then the trust agreement controls. The person who established the trust should have created a trust agreement, and in that trust agreement it will state whom the initial trustee is and how successor trustees are named. So, check the trust agreement.
What is the difference between a will and a living trust?
A will is a legal document that outlines how your assets and property will be distributed after your death. A living trust is a legal entity that holds assets during your lifetime and can distribute them after your death, avoiding probate. One key difference is that a will only takes effect after you die, while a living trust can take effect while you are still alive.
The person or persons requesting the worksheet should supply their requirements in a what kind of document?
In Project Management, this is called a requirements document or specifications document.
