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  2. Uniform Power of Attorney Act - Wikipedia

    en.wikipedia.org/wiki/Uniform_Power_of_Attorney_Act

    In 1969, the ULC promulgated the Uniform Probate Code, which created a basis for a national framework for powers of attorney. However, since a normal power of attorney ends once its purpose has been fulfilled or the principal is incapacitated, states made a distinction between this normal power of attorney and a durable power of attorney, which ...

  3. Uniform Simultaneous Death Act - Wikipedia

    en.wikipedia.org/wiki/Uniform_Simultaneous_Death_Act

    The Uniform Simultaneous Death Act is a uniform act enacted in some U.S. states to alleviate the problem of simultaneous death in determining inheritance.. The Act specifies that, if two or more people die within 120 hours of one another, and no will or other document provides for this situation explicitly, each is considered to have predeceased the others.

  4. Power of appointment - Wikipedia

    en.wikipedia.org/wiki/Power_of_appointment

    A power of appointment is a term most frequently used in the law of wills to describe the ability of the testator (the person writing the will) to select a person who will be given the authority to dispose of certain property under the will. Although any person can exercise this power at any time during their life, its use is rare outside of a ...

  5. Joint wills and mutual wills - Wikipedia

    en.wikipedia.org/wiki/Joint_wills_and_mutual_wills

    Joint wills and mutual wills are closely related terms used in the law of wills to describe two types of testamentary writing that may be executed by a married couple to ensure that their property is disposed of identically. Neither should be confused with mirror wills which means two separate, identical wills, which may or may not also be ...

  6. Simultaneous death - Wikipedia

    en.wikipedia.org/wiki/Simultaneous_death

    The common law provision that, without evidence, there can be no presumption as to which of the commorientes died first, was superseded by the passage of the Law of Property Act 1925, Section 184. Under this statute, where the order of death of two persons is uncertain, the elder of the two is deemed to have died first. [ 1 ]

  7. Will and testament - Wikipedia

    en.wikipedia.org/wiki/Will_and_testament

    As a simple example, under Iowa law (see Code of Iowa Section 633.238 (2005) Archived 2018-06-27 at the Wayback Machine), the deceased spouse leaves a will which expressly devises the marital home to someone other than the surviving spouse. The surviving spouse may elect, contrary to the intent of the will, to live in the home for the remainder ...

  8. Should couples have a separate or joint bank account? - AOL

    www.aol.com/finance/couples-separate-joint-bank...

    Try a combination of joint accounts and separate accounts. Fortunately, couples aren’t forced into an either-or solution here. They can easily use a separate account for their personal spending ...

  9. Advance healthcare directive - Wikipedia

    en.wikipedia.org/wiki/Advance_healthcare_directive

    These early powers of attorney allowed an individual to name someone to act in their stead. Drawing upon these laws, "durable powers of attorney for health care" and "healthcare proxy appointment" documents were created and codified in law, allowing an individual to appoint someone to make healthcare decisions in their behalf if they should ...

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