General Power of Attorney - Make a Will Online - PowerPoint PPT Presentation

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General Power of Attorney - Make a Will Online

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  1. We Webs bsite ite: : htt https ps: ://w //www.n ww.ne exge xgentran ntrans sf fe er.c C Ca all ll: : 0 09 95 59 99 94 4 4 45 55 56 68 8 r.co om m/ / General Power of Attorney

  2. We Webs bsite ite: : htt https ps: ://w //www.n ww.ne exge xgentran ntrans sf fe er.c C Ca all ll: : 0 09 95 59 99 94 4 4 45 55 56 68 8 r.co om m/ / Power of Attorney Power of Attorney The Last will becomes effective upon the death of a person and allows the person to determine exactly who receives their property and how it is divided upon their death. A general power of attorney is effective during their lifetime and allows a person to appoint someone to manage their financial affairs if they become incapacitated or otherwise unable to manage your financial affairs on their own. A general power of attorney is effective during their lifetime and allows the person to appoint someone to manage their medical care and health care/end of life decisions if they become incapacitated or otherwise unable to make medical and health care decisions on their own. Make a W Make a Will Onli ill Online ne - - Trusts L Trusts Lawyer awyer Through a Will, one can control who receives their property and how it is divided. One can leave specific

  3. We Webs bsite ite: : htt https ps: ://w //www.n ww.ne exge xgentran ntrans sf fe er.c C Ca all ll: : 0 09 95 59 99 94 4 4 45 55 56 68 8 r.co om m/ / items to specific persons or leave everything to be divided among specific persons. Without a Will, the assets will be distributed by the Mississippi laws of descent and distribution. This may result in certain persons receiving more or less from their estate than they prefer. In fact, this may result in certain persons who one would like to receive part of their estate being excluded from inheriting anything, and persons one prefers to receive no assets inheriting significant portions of their estate. Further, without a Will, one cannot ensure that certain special items such as jewellery or family heirlooms are received by the person, they want to receive them. A person can even make a will online. There will be no difference between in between make a will online and will be made by the lawyer. Without a Will, the person’s real estate may be inherited by numerous co-owners, possibly including minors. Ultimately, their property may have to be divided or sold. It may also adversely impact your heirs’ ability to sell the property or obtain a mortgage on the property at a later time. Clearing up title and ownership can be expensive and can take time. You have minor children. Through a Will, one can appoint guardians for their children and trustees to manage their property. Without a Will made by the Trusts Lawyer, the Court could appoint guardians and trustees for their children who one would not desire. The trust’s lawyer is a very important person. Through a Will, one can ensure that minor children do not inherit real estate outright. If your children inherit a share of your real estate, your spouse or another

  4. We Webs bsite ite: : htt https ps: ://w //www.n ww.ne exge xgentran ntrans sf fe er.c C Ca all ll: : 0 09 95 59 99 94 4 4 45 55 56 68 8 r.co om m/ / beneficiary would not be able to sell, rent, or even refinance any mortgage on that real estate without your children joining in, and in order for your children to join in on any such action, it will require Court intervention and approval, which can be expensive and takes time to finalize. Trusts Formation All of your heirs, as determined by Mississippi law of descent and distribution, will become co- owners of every asset that you own, both real estate and personal property. They will have to work together to manage all of your property; this can become difficult if your heirs live in different areas of the state, live out of state, or if they cannot agree on what should be done with the property. The trusts formation is an important thing and is being made by

  5. We Webs bsite ite: : htt https ps: ://w //www.n ww.ne exge xgentran ntrans sf fe er.c C Ca all ll: : 0 09 95 59 99 94 4 4 45 55 56 68 8 r.co om m/ / the trust’s lawyer. Without the trust’s formation, no property distribution is possible. We Webs bsit ite e: : htt https:/ ps://www /www.nex .nexgent gentran rans sfer fer.com/ .com/ Cal Call l: : 095 0959 994 45 94 45568 568 Thank Y Thank You ou