Living Will - Making a Legal Form and Mortgage Loan

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Learn the why you need to create a will now.

Mr. Robert Shapiro
Would you trust the most important decisions of your life to others -- especially decisions that affect the welfare of your children? The answer is: of course not! However, unless you have a will, that is precisely what will happen. Under state law, the state will determine who, if anyone, is entitled to your estate upon your death.

A will is a legal instrument that specifies who are to be the beneficiaries of your estate, and when they are to receive their inheritance. The act of dying without a will is called "dying intestate". People who are not named as beneficiaries may challenge the wishes of the decedent. By properly preparing a will, you can reduce this risk.

There are rules and regulations that limit to whom you may leave your estate; for example, there are rules that prohibit you from leaving your estate to future generations of unborn children. Also, public policy considerations prohibit you from leaving gifts that would be viewed as waste, such as the maintenance of your pet’s grave. Under federal law, people with the largest estates are required to pay tax at a rate of 55 percent.

It is always a good idea to keep a copy of your will in a place that is easily accessible to others. In addition, it is wise to give copies of your will to one or two other people whom you trust. From time to time, your wishes may change as to how you would like your inheritance to be structured, and who you would like your beneficiaries to be. Amendments to a will are called "codicils". As long as you are of sound mind, your will can be amended at any time.

Don't leave the decision up to others of how your estate is to be divided. Instead, prepare a will.

We hope you enjoy your visit, and we look forward to providing you with the resources you need to handle your legal procedures.



Sincerely,

Robert L. Shapiro
and The LegalZoom Team

 

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Learn How Easy it is to Protect Your Family!

Did you know that it is possible to prevent the bitter bickering between siblings that often accompanies the inheritance of property from a parent? Absolutely. Mental health professionals have found that by simply drawing up a will and discussing the reasoning behind your decision to leave a given piece of property to one child over another can prevent the break-up of a family once an inheritance is claimed. Unfortunately, over 70% of Americans fail to prepare a simple will!

Once a simple will is drawn up, many professionals recommend sitting down with adult children to answer questions and discuss hurt feelings before problems arise. In many cases, bringing in a professional family mediator can make these difficult conversations go more smoothly. Regardless of how the discussion takes place, the time and effort put into timely estate planning and communication will go a long way towards ensuring family harmony.

LegalZoom, founded by attorney Robert Shapiro, is the premier online legal document service center. LegalZoom provides quality legal documents and document services at a fraction of the cost of an attorney. LegalZoom even reviews documents before sent back to the purchaser. Consumers and small businesses benefit from the efficiency provided by LegalZoom, which is why LegalZoom has been recognized and applauded by Yahoo!, USAToday, Popular Science, NBC, ABC, CBS, PBS, and the N.Y. Times.

Wills, Divorces, Incorporations, Trademarks, LLCs, Prenuptial Agreements, Living Trusts, and other legal documents and filings have never been easier. Basic fees range from $29.00 (for a simple Living Will) to just under $500 (for an express corporation filing).

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