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We offer Wills Forms, Powers of Attorney (POA), Living Wills, and Health Care Powers of Attorney from our Wills-Online.com web site.
A Will ensures that any specific intentions you have for the division or disposal of your property, money and possessions after your death can be efficiently carried out. The primary functions of a Will are to:
provide for your children;
provide for an elderly or disabled relative;
make provisions for a friend;
make a gift to charity;
minimize administration costs and tax liabilities; and prevent added stress and worry to your family in their time of grief.
If you die without a valid Will, your money and other property will be divided and distributed according to "intestate succession" laws of your state. If the general laws of intestacy are applied to your estate, your affairs may not be handled the way you would have wished. These laws divide all property between a few close relatives according to a set formula and completely exclude more distant relatives, friends and charities. If you are married and have no children, most state laws require your spouse to share your property with your parents. No state's intestate succession laws give an unmarried partner any property.
Intestate succession laws do not deal with the question of who will take care of minor children if both parents die or if the surviving parent is unavailable, leaving it up to the courts and social service agencies to appoint a guardian. Even though the court has the ultimate authority to appoint a guardian, a Will is the only way to let the court know who you want to raise and educate your children. In addition, since the property you own will change over time, the person you named as executor or as a beneficiary may die, or you may simply change your mind about how you want your affairs handled after your death, an annual review of your Will is a good idea.
In addition, to a Will everyone should have: 1) A Living Will and Health Care of Attorney; (2) A Financial Power of Attorney; and a (3) Durable Power of Attorney. You can purchase these documents at our Wills-Online.com web site.
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