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Death is inevitable, and while it’s not pleasant to think about, planning for your eventual passing is important. A will, also known as a last will and testament, is a crucial legal document ...
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. [12] People may draft a will with the assistance of a lawyer, use a software product [13] or will form, or write their wishes entirely on their own. Some lawyers offer educational classes for people who want to write ...
Although a single document, the joint will is a separate distribution of property by each executor (signatory) and will be treated as such on admission to probate. Mutual wills are any two (or more) wills which are mutually binding, such that following the first death the survivor is constrained in the ability to dispose of the property by the ...
In common law jurisdictions, probate is the judicial process whereby a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased; or whereby, in the absence of a legal will, the estate is settled according to the laws of intestacy that apply in the jurisdiction where the deceased resided at the time of their death.
A testamentary trust is a legal arrangement created as specified in a person's will, and is occasioned by the death of that person. It is created to address any estate accumulated during that person's lifetime or generated as a result of a postmortem lawsuit, such as a settlement in a survival claim, or the proceeds from a life insurance policy ...
The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate.