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How To Leave Your Estate And Assets To A Loved One With A Will And Last Testament

One of the most basic questions that individuals have nowadays is the fact that they desire to leave certain assets and priced possessions that they have to their loved ones once they pass on. Many individuals do not know even where to start if they want to do this and this article is a very good place to start.

Author: Michael Dar
Date: Dec 29, 2010 - 8:27:13 AM

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One of the most basic questions that individuals have nowadays is the fact that they desire to leave certain assets and priced possessions that they have to their loved ones once they pass on. Many individuals do not know even where to start if they want to do this and this article is a very good place to start. In essence, what these individuals need is a Will and Last Testament.

What a Will does in fact is that it provides in clear and unambiguous language your intention of what you want to leave and to whom you want to leave your assets to. I mention unambiguous and clear because this is critically important when it comes time for the distribution and adjudication of your estate. In essence, once you die the estate goes through probate court where a judge needs to decide your intention of leaving your assets.

In probate court the court will look to any written document that you have left behind mainly a Will and Last Testament in order to determine if you have clearly outlined your intention of leaving the assets to that particular person. Should you not have a Will then your situation will become much more complicated whereby the court will then be needing to take a look at the facts and circumstances of each case individually and as such this is what leads to added cost and expense for those individuals that believe they are entitled to the assets and they will likely have to hire their own attorney.

They in turn will get attorneys who will help fight the battle in court and before long you will see a long list of legal expenses and fees that could have been so easily avoided should the person had an Attorney prepare their Will.

View all articles by Michael Dar

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