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This may come as a shock, but ?Wills? is not just the nickname for the dreamy?Prince of Wales. We?re talking about the less exciting ones?wills: the legal documents.
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What Does a Will Determine?
1) The transfer of property and personal possessions.
2) The guardian of your child should you and your spouse pass away (if you do not plan for this, the state has the right to determine your child?s guardian).
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What is Exempt From a Will?s Coverage?
Your will is?not?going control anything held jointly; that transfers to the next survivor.
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How to Create a Will
You can create a will online or with a lawyer. A lawyer is the safer route here?you want to make sure the document is valid. But there are many sites, including?Legal Zoom, that have earned an ?A? rating by the Better Business Bureau.
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Is a Living Will Different Than a Regular Will?
Yes it is. A living will is a legal document that states your desire to accept or reject certain medical treatments that may prolong your life. Talk to your doctor before deciding upon these details.
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Related Articles:?What is a Trust?
Source: http://bullandbearessentials.com/2011/10/wills-whats-the-story/
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