If you are making a Last Will and Testament document for yourself or a close family member and know exactly what assets are to be disbursed to whom upon death, then completing the Will form should be a very short process — usually 15-30 minutes. [ Read More… → ]
Entries from December 2008
How Much Time Does it Take to Create a Last Will & Testament Document with Standard Legal Software?
Tags: Last Will and Testament Questions · December 22nd, 2008
Can I Use “Payable On Death” Forms Instead of Creating a Living Trust?
Payable on Death forms are a legitimate way to provide assets to a named beneficiary without going through Probate Court to do so. But there are a number of significant limitations to Payable On Death documents. And while creating a Living Trust is a bit more complicated to create and manage, a Trust offers several advantages when compared to simply listing or transferring assets to “Payable on Death” status. [ Read More… → ]
Tags: Living Trust Questions · December 22nd, 2008
Can I Remove the Trustee of a Trust Set Up by my Child’s Grandparents?
Usually the Grantor of the Trust (the grandparents, in this case) names the trustee and alternate trustee. And typically, only the Grantor can make a change to the Trust, at his or her discretion, including who the acting trustee should be. [ Read More… → ]
Tags: Living Trust Questions · December 22nd, 2008
Why is a Notice to Quit Not Included Within the Lease Agreement?
A Notice to Quit is only required when a landlord seeks to evict a tenant for the non-payment of rent. Thus, a Notice to Quit is not a part of a lease agreement; rather, it is a document that must be provided to the tenant prior to initiating eviction proceedings, as dictated by statute. [ Read More… → ]
Tags: Lease Agreement Questions · December 22nd, 2008
Can I Get Out of a Lease I’ve Signed If I Don’t Like Parts of It?
Unless there are unlawful terms and conditions included in the lease content, you are bound to the terms of the contract you signed. [ Read More… → ]
Tags: Lease Agreement Questions · December 22nd, 2008
Can the Grantor of a Quitclaim Deed “Take It Back”?
Once a deed is signed by the Grantor (the seller), provided to the Grantee (the buyer), and then recorded with the appropriate governmental office, the property deed cannot be taken back. [ Read More… → ]
Tags: Quitclaim and Warranty Deed Questions · December 22nd, 2008
Can I Use a Promissory Note to Garnish Wages from a Person Who Defaults?
A promissory note is a contract between two people that outlines the terms of repayment on lent money. Such a contract must be enforced as would any typical breach of contract: through court.
Standard Legal is unaware of any situation where a person could simply present a promissory note to a bank or employer to collect on money owed through the garnishment of wages or accounts. [ Read More… → ]
Tags: Promissory Note Questions · December 3rd, 2008
Does a Trust’s Pour Over Will Go Through Probate Upon Death?
Any property held in a decedent’s individual name at the time of death will be subject to probate; that process is unavoidable.
Through the probate process, the deceased person’s property ultimately will be transferred to the Trust pursuant to the terms of the pour-over will, so long as the Pour Over Will has been properly executed. [ Read More… → ]
Tags: Living Trust Questions · December 3rd, 2008
Is the Employee Manual Content State-Specific?
Standard Legal’s Employee Manual software is state-specific in a few select situations, and only where state law dictates such a requirement.
Remember, an Employee Manual should never re-publish a list or outline the details of a state’s laws, [ Read More… → ]
Tags: Employee Manual Questions · December 3rd, 2008
What is the Difference Between a Will and a Living Will?
Generally, a Last Will and Testament outlines the distribution of a person’s assets upon his or her death, while a Living Will defines the type of health care a person wishes to receive if incapacitated and unable to make such decisions directly.
In most instances, the person who is creating either one of these documents should [ Read More… → ]
Tags: Living Will Questions · Last Will and Testament Questions · December 3rd, 2008
Does Each State Have Different Deed Forms?
Most states in the USA require the same “legal language” for the different types of Deeds that are most commonly used (be it a Quitclaim Deed, a Warranty Deed, a Survivorship Deed, etc.). But some states have specific language requirements, and that means the use of specialized state forms in those situations. [ Read More… → ]
Tags: Quitclaim and Warranty Deed Questions · December 3rd, 2008
How is a Premarital Agreement Made Legally Valid?
Signing a well-written and correctly-completed Premarital Agreement form in front of a Notary would make the prenuptial agreement legally binding and valid in every state. But the “notarized signatures” are just one element to the validity of the document — and not the most important one. [ Read More… → ]
Tags: Premarital Agreement Questions · December 3rd, 2008
Can a Premarital Agreement Cover Only One Person?
A Premarital Agreement is a contract between two people who are contemplating marriage in the future. As such, the contract would not be valid if only one person was party to the agreement. [ Read More… → ]
Tags: Premarital Agreement Questions · December 3rd, 2008
How Does Standard Legal’s Premarital Agreement Treat Retirement Accounts?
The forms in Standard Legal’s Premarital Agreement software provide that each spouse will treat his or her retirement account(s) as his or her own separate property. [ Read More… → ]
Tags: Premarital Agreement Questions · December 3rd, 2008
Can I Sell Standard Legal’s Forms To My Own Customers?
Yes, under specific circumstances. Standard Legal welcomes companies, professionals and entrepreneurs who wish to make money from our legal forms software — but only when it is done through the programs and channels we have developed. [ Read More… → ]
Tags: General Questions · Software Questions · December 3rd, 2008
How Difficult is the Bankruptcy Filing Process?
While the process of filing for personal Chapter 7 or Chapter 13 Bankruptcy is by no means “quick and simple”, there is most definitely a clear set of steps that must be followed to make it through the process. [ Read More… → ]
Tags: Bankruptcy Questions · December 2nd, 2008
Can I Create a Living Trust Using Property in One State and a Notary from Another?
Certainly! You can use whatever address you wish to include as the contact information on your Trust documents. You can also include whatever property you wish to use to fund the Trust, from whatever states or countries in which those properties are located. [ Read More… → ]
Tags: Living Trust Questions · December 1st, 2008
Why Does Standard Legal Offer Only No Fault Divorce Software WITHOUT Children?
Standard Legal offers only No-Fault Divorce software for couples WITHOUT MINOR CHILDREN (children under the age of 18) because we feel couples with young children are better served if an attorney is involved, as a number of custody and child support issues can arise. [ Read More… → ]
Tags: Divorce Questions · December 1st, 2008