Executing a will is an important part of handling your loved one's estate. After the death of your loved one, you may be established as the executor. If that happens, then it is your responsibility to carry out their wishes and to help settle their debts and accounts. You'll be in charge of distributing their assets to their beneficiaries as well.
When you think of the word holographic, you might be imagining some baseball cards or playing cards that use light diffraction to create an image that looks three dimensional. When you hear "holographic will," you might think that this is some new, space-age will.
An interesting type of will that many people don't know about is a joint will. It's a unique legal document in that it allows a surviving spouse to inherit the entire estate upon their spouse's death.
A will is an important document. It protects you, and it protects your family. It tells everyone your final wishes and can help distribute your property.
A will is a vital document in any estate plan. Without it, no one can know your intentions and what you'd like to see happen with your assets. Without a will, your potential beneficiaries and heirs may fight over your estate, and they will likely have to go through probate, which is a long, drawn-out legal process.
If you're the executor of a will, then you will be in charge of its execution. You'll have to carry out your loved one's wishes for them, since they are no longer able to do so.
When you're planning your estate, it's very important to have a valid will. Your will has many consequences, so knowing that it is going to stand up in court is a necessity.
Probate is a long process in some cases, and it's filled with legal requirements. As an executor, you'll want to make sure that you administer the estate quickly after your loved one dies. Probate is the way you obtain the power to do so.
Once a person dies, it is important to execute the will as soon as possible. Normally, the will first has to be filed with the probate court. Then, it can be executed.
Your last will and testament is probably the most important estate planning document you will create. Therefore, you will want to ensure that the will you draft and sign is both lawful and appropriate given your situation. Here are a few basic considerations that every Tennessee testator should keep in mind when creating such a document: