There is no requirement that any person leave any gift or bequest any piece of an estate to any child or children though a Will. Directing assets through a Will is at the discretion of the Will’s maker.
While in the Divorce Process, if I am Named a Beneficiary in a Will Does My Spouse Have a Claim?
There is a substantial difference between receiving assets distributed from a Will, and being named as a potential future beneficiary in a Will — as well as how that distinction is treated legally.
Does Standard Legal Offer Chapter 7 Forms for Corporate Bankruptcy?
Standard Legal offers only personal bankruptcy legal forms software. And with good reason…
How Do I Add My Spouse to a Deed That My Recently Deceased Sibling and I Owned Together?
How a Deed is changed in regards to the owners who are listed on it depends upon the language contained within the Deed itself. Of relevance is whether or not the Deed contains language that describes a Joint Tenancy with Right of Survivorship.
Does a Last Will and Testament or a Power of Attorney Take Precedence on the Management of an Estate?
A Power of Attorney document and a Last Will and Testament document are not “active” at the same time, so no overlap in function exists for one or the other to “take precedence”.
Is a Handwritten Marital Separation Agreement Valid if Signed by Both Spouses?
While the fact that a legal document is handwritten has no bearing on its validity, it would be impossible to know if your own handwritten agreement is legal and valid without reviewing the LANGUAGE used within.
If Real Estate in a Trust is Worth Less Than Its Mortgage, Are the Beneficiaries Liable for the Debt?
Typically, the balance due on a mortgage for real estate owned by a Living Trust is the liability of the Trust itself.
Beneficiaries in a Trust are not personally liable for any obligations of the Trust in most situations.
If the Occupant in a Land Contract Home Damages the Property, What Recourse Does the Owner Have?
A land contract holder can pursue financial claims against the occupant for any damages done to the property in a contract for deed situation. If the owner / contract holder cannot reach an agreement with the occupant through direct negotiations to resolve the issue, the owner would proceed against the occupant by filing a lawsuit against the contracting resident in an attempt to gain a judgment and then collect on that judgment.
Can I File Either Individually or Jointly with Standard Legal’s Bankruptcy Software?
A Chapter 7 or Chapter 13 Bankruptcy filing can be made individually for a single person or jointly by a married couple using the Bankruptcy legal forms software from Standard Legal. A married person also can file individually if the circumstances of the financial situation warrant such a petition. Strategies and overviews for this type … Read more
How is a Land Contract Assigned to One Party if Signed Jointly by an Unmarried Couple?
If an unmarried couple decides to split up and both persons are in disagreement as to whom should continue the interest in an ongoing land contract, the maker and holder of that land contract would be wise to require specific documentation of the resolution of such an issue before making any changes to that contract.