Many people create a Last Will and Testament. But most don’t know exactly what happens after they pass away. Are other legal forms required for the Will to be triggered? What needs to occur so the Executor can write checks and distribute assets to the Beneficiaries per the terms of the Will?
May a Deed for One State Be Notarized in Another State?
As long as the Notary properly notarizes the Deed in the state in which the Deed is signed, the notary process does not have to occur or take place in the state where the property itself is located.
Do You Offer a General Release From Liability Form?
Standard Legal does not offer a “general” liability release form because there are simply too many variables for such a document to work as its title implies.
Does a Will Override the Named Beneficiary of Life Insurance or 401(k)?
A Will outlines the distribution of assets of a person’s estate to named beneficiaries.
But what about the assets of that estate that already name a specific beneficiary in advance — like a life insurance policy, a 401(k), or an IRA?
How Do I Update a Trust with a Date in its Name?
The assets of a Trust are titled to that Trust. So how is an update made to a Trust that has the creation date as a part of its name?
Can a Last Will Be Used to Set Up a Trust?
While it is legally possible, Standard Legal believes that a Last Will & Testament is most appropriate for designating beneficiaries and for outlining the desired methods of distribution of property upon death, but not for creating a Trust.
Living Trust Grantor and Trustee the Same Person?
Standard Legal’s Living Trust software is set up to initially make the Grantor and Trustee one in the same. But this requirement is not permanent, nor does it force that person to stand alone.
Transfer Outside House to Trust or Simply Will It?
Say a person owns both a home and has a Trust, but the home is not included within that Trust. What is the best way to pass that home on to beneficiaries?
The answer depends on what the current owner cares to do with the property.
Is There a Simple Secured Promissory Note for a Car?
Because there are so many variations in state law, there is no such thing as a “generic” secured Promissory Note for a vehicle.
How Do I Change the Name of My LLC?
Each state has statutory requirements for amending an LLC’s Articles of Organization. The name of the Limited Liability Company would fall under this charter.