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There is no legal requirement that a will be drawn up by a lawyer, and some people may resist hiring a lawyer to draft a will. [11] People may draft a will with the assistance of a lawyer, use a software product [12] or will form, or write their wishes entirely on their own. Some lawyers offer educational classes for people who want to write ...
Estate planning is the process of arranging for your assets and property to be distributed after your death. It is vital for protecting your assets and ensuring they are handled according to your ...
Estate planning may involve a will, trusts, beneficiary designations, powers of appointment, property ownership (for example, joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gifts, and powers of attorney (specifically a durable financial power of attorney and a durable medical power of attorney).
A "fee simple" is real property held without limit of time (i.e., permanently) under common law, whereas the highest possible form of ownership is a "fee simple absolute", which is without limitations on the land's use (such as qualifiers or conditions that disallow certain uses of the land or subject the vested interest to termination). [1]
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