Things to Consider When Forming a Company
Apr 06, 2010
When you are forming a company that is going to have more than one owner, here are a few things to consider:
What would you like to name the company?
Are there any Tradenames you would like to use?...
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The Probate Process
Apr 06, 2010
The Need for a Probate
A probate is not necessary in all cases. Whether a probate is needed depends on the circumstances in a particular case. It is not possible to predict prior to a decedent's death ...
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Probate in General
Apr 06, 2010
People often refer to the entire Estate settlement proceeding as "the probate." Actually, "Probate" is the process by which the court determines that a Will is properly signed and witnessed and that th...
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Nonprobate Assets
Apr 06, 2010
Nonprobate Assets are assets that (1) have a designated Beneficiary; (2) are held jointly with another person (joint with right of survivorship or joint tenants); or (3) are payable on death (POD desig...
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Probate Terminology
Apr 06, 2010
Some helpful terminology:
Decedent: A person who dies is known as a Decedent.
Will: A Last Will and Testament is a Decedents plan for distributing his/her Estate.
Heir: A person who inherits a De...
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Revocable Living Trust
Apr 06, 2010
What is a Revocable Living Trust?
A Revocable Living Trust is a trust that you create and use during your lifetime.
You can use the trust to hold your property.
The property placed into the trust du...
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Last Will and Testament
Apr 06, 2010
What is a Last Will and Testament?
A Will is a legal document that states who should receive your property when you die.
What can you do in your Last Will and Testament?
In addition to naming the r...
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Community Property Agreement
Apr 06, 2010
What is community property?
Community property is property that is jointly owned by a husband and wife.
Each spouse has an undivided one-half interest in the couples community property.
Generally...
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Power of Attorney
Apr 06, 2010
What does a Power of Attorney do?
A power of attorney gives someone (an attorney-in-fact) permission to take binding actions on your behalf in either the financial area, the health care area, or both...
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Living Will
Apr 06, 2010
What is a Living Will?
A Living Will, also called a Health Care Directive tells your family and your doctors your wishes regarding life support, resuscitation, and feeding should you be in a permanent...
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