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Wills FAQs
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Q:
What Does It Mean To Take Against The Will?
A: A procedure under state law that gives a surviving spouse the right to demand a certain share (usually onethird to onehalf) of the deceased spouse`s …
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Q:
Is A Lawyer Necessary For Drafting A Will?
A: Wills made without lawyers can be legally sound if the proper procedures are followed. For people with relatively simple estates, selfhelp books and computer …
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Q:
What Is An Ademption?
A: The failure of a bequest of property in a Will. The gift fails (is adeemed) because the person who made the Will no longer owns the property when he or she dies. Often …
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Q:
Can Anyone Be Named As A Beneficiary?
A: There are important restrictions on naming beneficiaries. In many states spouses have certain automatic rights that cannot be compromised in the Will.
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Q:
Can Children Inherit From A Foster Parent Or Stepparent Who Died Without A Will?
A: A child can inherit from a foster parent or stepparent, who died without a will, even though the foster parent or stepparent did not adopt the child if the following …
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Q:
What Is An Alternate Beneficiary?
A: A person, organization or institution that receives property through a Will, Trust or Insurance Policy when the first named beneficiary is unable or refuses to take …
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Q:
Does Filing For A Divorce End A Spouse's Right To A Share Of The Estate?
A: Simply filing for divorce or legal separation does not automatically disinherit a spouse. Most states give a spouse the right to your assets under elective share or …
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Q:
What Is An Augmented Estate?
A: An augmented estate is property left by the decedent`s Will plus certain property transferred outside of the Will by gifts, joint tenancies, living trusts and other …
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Q:
What Is A Bequest?
A: The legal term for any personal property, with the exception of real estate, left to a beneficiary in a Will.
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Q:
What Happens To My Will After I Die?
A: After you die your Will is administered by the personal representative or executor whom you designated in your Will. Your personal representative will then retain an …
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Q:
What Is A Codicil?
A: A codicil is a document that is used to explain, change, add to, or take away from, the existing will. It is not meant to contain the entire will itself, nor is it …
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Estate Planning Sub-categories
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