FAQ #1 What is a will?
A will, also referred to as a last will and testament, is a vital part of any person’s estate planning. The will determines who gets what from your estate, appoints one or more representatives (executors) to administer your estate, and deals with issues such as guardianship of minor children.
FAQ #2 What happens if I die without a will?
If a person dies without making his or her will, his or her property must go through the “so-called” probate process in order to properly and legally transfer the titles or properties to the respective beneficiaries of the deceased.
The probate process is a list of guidelines created and established by the State Probate Law on how the property or assets are to be distributed to the respective heirs of the person once he or she dies without a will. This process includes the appointment of an administrator, identification of the beneficiaries and the distribution of the properties or assets
FAQ #3 What does “Power of Attorney Means?”
A power of attorney, in the context of estate planning, appoints a representative (“attorney”) to look after your financial affairs in the event that you become mentally incompetent.
A personal directive appoints one or more representatives to make medical decisions on your behalf in case you become incapacitated. Personal directives typically also provide specific guidance as to what your medical wishes might be.
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