We at Createmywill.com hear it all the time. The stories about people who put off the process of writing a last will and testament. Some think its too expensive while others think it takes too much time. We even heard stories about people assuming all of their worldly possessions will simply be transferred to their spouses and children like a relay race runner passing the baton to a a teammate. This one always baffles me as when has the law ever made anything simpler or more affordable…let alone the fact when one tries to create a will its largely for reasons of taxation?
But you do not need to have Bill Gates type money nor Stephen Hawking’s intellect to get started on writing your last will and testament. Writing a will is actually very easy to do and with streamlined services offered up by the fine folks at createmywill.com to download will forms online there is now an easy way to start on the process of creating your will while minimizing the pain commonly associated with the process thereof. Writing a will is important for a myriad of reasons of which we will take some time to discuss below.
Writing a will can ensure that your assets and property will be distributed out as you see fit.
If you are with a will do not assume that your assets and property will be be guaranteed to pass to your spouse and children! The law will first try to determine the exact amount of your estate and assets. Creating a living will is the only way to promise that your instructions will be followed through upon your death.
Writing a last will and testament can ensure that you can personally appoint and designate powers for an Executor of your estate. This process allows you to decide who will act as overseer to distribute your estate assets as part of your overall estate plan. Why is this important? How would you like it if a person with whom you never agreed with and disliked somehow managed to be the judge and jury of your estate?
If you want to have the final say on who will appoint a guardian for your minor children writing a last will and testament can make those wishes known . A Last Will and Testament serves as the legally binding documentation that clearly dictates with whom will care for your minor children in the event of untimely death. Certainly the least appealing of all reasons to create a will but by that same token arguably the most important.
Specifying your funeral wishes. Imagine that you always wanted our funeral to be a celebration of life as opposed to the solemn and traditional roman catholic variety. Imagine you wanted to be buried at sea or have your ashes sprinkled over your favorite hiking spot. No matter what nor how elaborate your final wishes, stating these wishes in your last will and testament form not only solidifies your funeral plans but also eases the burden of having your loved ones in their time of grief from having to make these decisions.
Reduce Legal Costs and Getting things done quickly. Having a last will and testament often means the transference of your property and assets faster and cheaper. A clear cut, easy to read, concise will reduces the possibilities that you may incur additional costs via legal fees thus giving a bigger portion of your assets to your benefactors.

DIYInstitute.com has announced that its online estate planning service, Createmywill.com is reaching a milestone with the popular website nearing its 8 year anniversary in May. Through their unique online service, clients can download estate planning forms and attorney authored guides without having to pay the higher costs commonly associated with traditional methods of estate planning.

“The days of disposable cash are over,” said CreateMyWill.com creator and owner Jason Mcclain. “A few years ago paying for estate planning was something we considered the price of admission for having that service performed. Today, Americans are finding ways to cut expenses and do it yourself estate planning is another service that falls under that umbrella. We offer forms for all 50 US States, so someone can get California Last Will and Tesament forms quickly and easily.”

With the typical, average costs for estate planning attorney fees ranging from $2000 to $3000 the prospects of Createmywill.com and the practicality of Do-It-Yourself estate planning such as downloadable last will and testament forms and living trust forms have surged as the prospects of economical renewal stagnates.

“The deeper I delved into how to make the dream of every American being able to handle and manage their own estate planning needs; the more I realized how so much of the estate planning process can be streamlined and simplified free of legal speak and unnecessary jargon,” said McClain. “Providing this service for 8 years with continued growth is a testament towards the need for cost efficient means towards Estate Planning.”

The risk of having an outdated Estate Plan or no Estate Plan entirely could subject their heirs of an estate to extreme risk of financial loss due to laws regarding taxation. Utilizing Online Estate Planning Forms and Guides clearly and succinctly put forth a legal strategy maximizing the passage of assets and property onto heirs in a way specifically granted by the executor. Createmywill.com seeks to take a complicated matter, which many procrastinate over and never fully realize, and turn it into a simple downloadable form that makes starting the estate planning quick, easy, and cost efficient.

Anyone of legal age and sound mind can make a Will.

If you have property that you wish to distribute at the time of your death, you should have a Will; and good fortune has it that Createawill.com can make getting started as easy as a click of a button away.

When you make out your Will, you’ll need to designate beneficiaries and an executor. The beneficiaries are the people or organizations who receive your property. The executor is the one you designate to see that your wishes are carried out. All of these decisions need to be made when creating a last will and testament.

If you have minor children, you should also nominate a guardian to provide for the physical welfare of your children.

In most states, a minor becomes an adult at the age of 18. Once he or she reaches that legal age, certain rights and privileges are granted. This is true for most states when it comes to making a Will. Forty-seven states currently require the Will maker to be at least 18 years of age. South Dakota is the only state that requires the Will maker to be older than 18. Louisiana sets the minimum age at 16, while in Georgia; you can make a Will as early as 14 years of age. Several states may allow for those younger than 18 years of age to write a Will if they are married, economically independent, or a member of the military.

Division of Property

The main purpose of a Will is to make provisions for the division of your property after your death. In general, you can designate anyone you wish to be your beneficiaries and you can distribute your assets in any fashion, but there are a few exceptions. Many states have provisions that provide the surviving spouse with the ability to elect to take a defined portion of the estate regardless of the provisions in the Will.

Leaving Property to Spouses

Most of the time, spouses are the major beneficiary in a  Will. Even so, there are laws in all states that protect the surviving spouse from being disinherited. Some allow the spouse to take an elective share of the estate, usually one-half or one-third, regardless of the provisions in the Will. One method to disinherit a spouse may be through the use of a premarital agreement, but the courts are apt to closely scrutinize such agreements to make sure that the agreement was signed in good faith and with full disclosure of assets.

It’s possible to put limitations on the property that you leave to a spouse through the establishment of living trusts for the benefit of your spouse that come into existence after you die. You should consider the following factors in deciding what kind of trust is best for your circumstances:

• the possibility that your spouse’s needs may increase in the future
• the manner of living to which your spouse is accustomed
• the ability of your spouse to provide for his or her own needs
• the ability of your spouse to manage the trust assets
• the possibility that your spouse may remarry and the affect the marriage may have on your children or other beneficiaries.

Providing for Minor Children

Many times a spouse is given the entire estate with the expectation that he or she will provide for minor children. That expectation is not always sound however, especially when the surviving spouse is not the parent of the children, or if the spouse is not available to care for the children at the time of your death.

One of the most common practices under these circumstances is the establishment in the Will of a minor children’s trust. The trust provides financial support for the children until they become adults, at which time the remaining assets of the trust are distributed to them. It is important to carefully select the trustee, who will manage the trust and make the distributions to your children. The trustee will work closely with the person you’ve named as guardian to raise your children. In many cases, the trustee and the guardian are the same person.

Leaving Property to Adult Children

It’s common for adult children to receive a significant portion of their parent’s property. On the other hand, in every state except Louisiana, it is legally permissible to disinherit a child, regardless of his or her needs or age. Louisiana law provides that no child under the age of 23 at the time of the parent’s death can be disinherited.

Leaving Property to Grandchildren

Grandparents often leave portions of their estates to their grandchildren to help pay for special needs or educational expenses. Grandparents may also leave property to grandchildren because their parents already have sufficient assets.

Written Requirements

Most Wills are documented with the written word. These are usually formatted with typewriters or word processors. If properly signed and witnessed according to the requirements of the state where signed, these are legally valid in all states. However, there are other types of Wills.

Some states recognize Holographic Wills. These are handwritten, unwitnessed Wills, signed only by the Will maker. A few states still recognize Oral Wills, under certain conditions. Others offer a standard Will form, where you just fill in the blanks.

A relatively new type of Will is the Video Will, where the Will maker usually reads his or her Will out loud before a video camera. Videotaping a Will can help avoid a Will contest by showing that the Will maker was competent and following proper signing formalities. Keep in mind that many states will not recognize a video Wills as a substitute for a written Will; the Will maker should do both.

Signing Requirements

In order to make your Estate Plan or Living Will valid, you must sign the document in the presence of at least two witnesses. They, in turn, must sign it as well, in your presence and in the presence of each other. At the time of the signing, most state require that you be mentally competent and at least 18 years of age.

Witnesses

Witnesses are very important to the validity of a Will. The signature of at least two witnesses is required in order to affirm that you were mentally competent and under no duress at the time you executed the Will. Each witness must understand that they are witnessing a the signing of a Living Will and they must be competent to testify in court. Witnesses should sign in the presence of each other.

In many states, a witness cannot be a beneficiary of the estate. States have adopted these laws to prevent any conflict of interest from those who may be in line for gifts, or who may benefit from your death. Some states will allow for a beneficiary to act as a witness, but in doing so, that witness may lose some or all of the property that he or she would have to inherited.

Estate planning is so important for a variety of reasons. Sometimes those reasons can be for one specific sole purpose and sometimes for a combination of reasons. At the end of the day whether the primary purpose of planning your estate is for financial security or simply limiting or trying to avoid taxes, estate planning does not always have to be an overtly complicated or timely procedure to procure. And while your goals for Estate planning may be different from those your neighbor just as two estates are not identical, there are some basic steps you can follow in terms of estate planning that are sound for anyone with any sized estate. Of course while all downloadable estate planning forms and last will and testament forms are the best way to proceed; Here is some information to better help you understand the estate planning process as well as some of the necessary steps that can streamline the process and make it more easily understood.

You cant decide how to divvy up what you have until you figure exactly what you’ve got. Draw up a ledger of all of your assets and possessions to get an idea of exactly what you will be working with in terms of your estate plan and get an accurate idea thereof. There are several websites you can get these downloadable estate planning forms Be detailed and keep an extensive and accurate list of all your financial accounts, any IRAs and Stock, as well as any property held by you or in which you have any percentage of interest.

Once you have a good idea of what you are dealing with in terms of assets, you must determine what are your priorities? What is of most importance to you? Consider this item the other side of the coin of the item above. Is the goal of your online estate plan forms simply to take care of your loved ones in a fair and equitable fashion or is your goal to minimize the heavy hand on Uncle Sam and avoid as much probate and taxation as possible? Determining and deciding on your end game goals will go a long way into how to proceed in a logical, sensible process.
Next we get to the part of estate planning and legal will forms that can get a bit sticky. Nothing brings out the worst in people like a battle over an estate or inheritance. The next step is deciding how all of the above will be divided up and delivered and how that process will be handled. While you son may be the best choice to handle your property assets the family heirlooms will probably be something best handled by your spouse or your sister. These type of decisions are yours and yours alone and some type of quiet reflection is certainly not a bad idea to clarify and determine this process.

Finally, Createawill.com! Where else can you go and in a matter of moments get all of the online legal forms needed to get started on your last will and estate plan?We created Createawill.com to provide an easy and affordable solution for everyone to receive all of the documents needed for their estate planning, including the Last Will and Testament Forms. We took the time to also create estate planning attorney authorized guides to help walk you through the process of filling out your Last Will and Testament.

Now that the holiday season is over and the travels plans, the buying of gifts ,and the visiting family members are back home and especially in light of the new year it is a good time to discuss long term planning in the event of ones death and a living will online can help you do just that. It can be a tense, stressful thing to talk but by that same token rewarding in that it not only brings piece of mind but rekindles the warm and happy memories and sentiments those older individuals who have watched their families grow over the passage of years.

Although it is not the easiest subject to talk about, the new year can also be used as a opportune time to discuss the long-term plans in the event of a loved one’s death. Estate planning via a downloadable last will and testament form means that there are a number of legal tasks ahead that those aging individuals can complete and submit to provide the knowledge and security to their families in the event of death.

Drafting a will is the best way to get started and something that even the parents of young children should consider as it is certainly something they can benefit from. A california printable last will and testament simply provides the ground rules that clearly spells out the division of assets among your family members and friends, but it also can also be used as an important tool to designate who are you candidates whom will care for your children in the event of your death. Not something most want to think about but arguably one of the most decisions a young couple can make.

Do not overlook the value of a simple life insurance policy as well- it can be beneficial, especially if you take care of dependents who need and require extra funds in their day to day lives. Think of the elderly or disabled or perhaps those with mental impairment. As you compose your living will form, make the effort to purchase a small amount of life insurance and make those other important designations with various legal forms, such as power of attorney,as it will be of crucial importance to update beneficiaries options as well regardless whether it’s assets or responsibilities or some combination thereof.

And finally it must be said that a will or power of attorney is useless if no one has any record of them nor know the location or the information contained therein. Therefore, keep all documents and copies in an easy to find location as well as notifying your spouse and other close family members as to where the location of these documents are. Once again, notify several parties about the location of your downloadable last will and testament form in no unsure or uncertain terms. A legal Last Will and Testament will save all of your loved ones a mountain of headaches; not to mention a mountain of your hard earned assets that you’ve worked a lifetime to achieve.

It is amazing to us that the more people we reach through this blog, the more we realize that vast amount of people who still have this archaic preconceived misconception that estate planning and living will planning is only for people named Gates, Buffett, and Zuckerberg. The reality is clear and as a reknowned former US president once said, “Make No Mistake” in that estate planning is something everyone needs to not only consider but take action-especially as we grow older and enter our middle age years. It is easy to be 20 or 30 years old and take on whatever life throws at you but as you get older the odds of demise become less and less in your favor- the best document we could every recommend in gross, sheer terms of importance is without question-a Living Will.

Living Wills basically allow those who may be experiencing the catastrophic effects of some type terminal illness to get down on paper their wishes and how they prefer the treatment to be handled in regards to the medical application and procedures to extend their lives. There my be cases where someone does not want to be placed on a breathing apparatus or somehow kept alive by means of a feeding tube or other medical procedures. The Terry Schiavo case comes to mind. A living will allows the wishes of that person to decide on their own terms how they would like their medical wishes to be granted as well as giving their family a blueprint on how to proceed should the unthinkable occur.

A living will is indeed a legally binding document, as opposed to wills that discuss nothing more then land,bank accounts and business holdings; creating a living will’s only requirement is that the person in question to write down their desires and wishes in the presence of a witness or witnesses. Having a living will spares your loved one the terrible process that is making the final, oftentimes tragic decision on how to proceed in a medical emergency. Imagine for a moment what your family may be put through when faced with making this decision? Isn’t getting your wishes in writing now a far better alternative then forcing loved ones into a difficult decision when they are the most vulnerable emotionally?

It is ironic that living wills are generally not associated with typical estate planning forms but we always advocated that they should be. For all other types of will and estate planning documents, such as traditional wills, CreateAWill.com and EasyAgreements.com are always a button click away from helping you get started on all of you estate planning needs.

No matter how rich or poor you are, having basic estate plans in place is important for you and your family. Estate plans and Living Wills Downloads ensure that the financial goals for you and your family are met after you die in a direct, clear cut fashion. Estate plans contain several pieces such as a will, assignment of power of attorney. and a living will or medical power of attorney. For some,trusts may be an option that make good sense. When devising your estate plan strategy, considering the financial impact of state and federal laws is of utmost importance.

The marathon starts with the first step and taking a good look and compiling your assets is the best way to get started. Assets include everything from varied investments, retirement savings plans(IRAs,401Ks), and life insurance policies, as well as any real estate and business holdings. Ask yourself three questions regarding your Last Will and Testament Form: Whom do you want to inherit your assets? Whom do you want making the decisions in your absence and whom do you want making medical decisions for you if you become unable to make them for yourself?

Don’t kid yourself- Everyone needs some type of will. A will is a guide that explains to all where and how you want the assets distributed when you die. It also names guardians for your offspring. Without making these wishes known and in writing; the cost of will forms and probate can be expensive and in effect depriving your loved ones from attaining your assets and worse- giving you no say whatsoever over who gets your assets.

Trusts aren’t just for the rich. Trusts are the legal means that let you put the who, what, whens, and hows on what happens to your estate and those assets will be assigned and distributed upon your death. More importantly, they also allow the maximum value of the estate to go loved ones while reducing the amount assessed give to state and federal government regarding estate and gift taxes.

Discuss your estate plan and living will with your heirs to ensure no disputes or confusion over your aims and wishes. Inheritance battles can bring out the worst intentions in people and by being concise and specific with your intentions in you living will and last testament; you can help minimize the chances of conflict when you’re gone. Want to know how many cousins you have? Leave a multimillion dollar estate up for grabs when you die.

Federal estate tax exemptions change frequently; the amount you may leave to your heirs tax free of changes regularly. While the estate tax was $3.5 million in 2009, it was phased out entirely in 2010, but only for a year. The victory was short lived though as the tax has not only been reinstated in 2011 but also lowered to $1 million.

While leaving an unlimited amount of money to your spouse is a taxfree option with your living will and testament forms, you will also increase your surviving spouse’s taxable estate. Basically it means your children are far more likely to pay more in estate taxes if the event your spouse leaves them the money when he or she dies. Better to share the wealth equally amongst all loved ones. Trusts are good option in this case.

Createawill.com exists simply for the fact that most people

want to leave some type of legacy for their loved ones after death. This is the deceased’s final act of love to their family members as having those resources and assets to the surviving members of the family can ease their financial burden or simply improving their life. After a lifetime of blood, sweat, and tears it is only natural to want to leave as much of your money,property, and other assets with the people whom you loved and cared for during your lifetime.

But as with all things regulated the process is never clear cut nor simply, the probate process itself can gobble up a good portion of that money through simple fees alone. Think about it- is the last thing that you want for your family when completing your last will and testament to be legally forced to give some of the proceeds to the government with the potential of them being forced to wait for months or years to see any of your assets that you wanted to give them?
Some tips to help detour the nastiness and inherent unfairness of the probate process can be found below and are listed as follows:
Look into the idea of creating a living will and trust as opposed to a simple will. Living trusts distribute your assets and property into an trust that will then be managed and overseen by a trustee with whom you can name or appoint. Why a Trust? It allows your estate to avoid probate entirely since assets and property you owned are now held in trust as opposed to simply being listed in a will. This also avoids all probate costs as there are no court fees or costs occurred that will be taken from the estate.
Another idea is to add your selected beneficiaries to all of your bank accounts, savings accounts, as well as any retirement accounts that may be in your name. NOTE-even if you do elect to create a last will and testament online, your assets do not have to go through the probate process; your retirement and bank account will allow you to name a beneficiary and then it also does not have to be included in full or as part of probate process. We at CreateaWill.com suggest that you should go through your accounts and determine which accounts will allow you to utilize the beneficiary option that in turn can save both time and money for your loved ones. Ensuring that common financial staples like savings accounts, pension plans, life insurance policies, 401(k) plans, IRA accounts, stocks and bonds, and other financial accounts are all wise decisions.
And lastly, ensure that any of your property held is listed and documents as being held with joint tenancy with right of survivorship. Keep in mind this option will only apply in the instances in which you are holding property jointly with a spouse or a significant other. This process thus allows the property to pass automatically to the person designated without the time consumption required of having to enter and go through the probate process.  All of these should be considered when completing a living will and trust.

Its one aspect of life no one wants to think about. While we enjoy the holidays and look forward to the joy we get from seeing our childrens smiling faces; the facts are very few people like or want to think about what would happen to them in the event of you meeting an untimely death. Are you prepared to meet the needs of your children or at least have some type of blue print for them? Taking a bit of time to prepare for their needs should be considered every bit the part of being a good parent as teaching your child to read or ride a bike. Createawill.com can make it easy!
The First basic rule to get started is to create a simple list of relatives and friends with whom you must trust. You have drawn up your list and slimmed down the candidates with whom you must trust and even took the foresight to make your final choice by creating a basic last will and testament that included the wishes with whom you chose to be a legal guardian. That is all and well but consider these additional factors when making your decisions as they are the extra step of insurance making sure your wishes can be granted in a straight forward easy to understand manner and while state have different laws; most can be found easily online as this example of a California last will and testament.

Update Annually. Lets be honest-circumstances change. Whom you felt was the best 2 years ago may no longer be the best choice for you now. Make a note on your calendar to review your will and legal guardian wishes every 2 years. Also consider the age of your children as older children have different needs than younger children. The needs of a teenager will be vastly different then the needs of a child in grade school or younger. For a teen, factoring location is important in that you may feel that keeping your teen in the same location and school district may be more important then the teen to remain with blood relatives. Based on this decision some parents may choose close and trusted family friends over blood relatives. Having a Last will and testament checklist can be a beneficial aide.

Make Provisions to assist those you have chosen to become the Legal Guardian.  Ensure that you have created support tools like life insurance, as well as all trusts and estate planning documents in place. Double check to ensure that they are set up in the manner that allows your legal guardian as many options to control your money as they need to raise your children according to your wishes. Choosing one person to handle finances with another handling guardian duties can be a slippery slope that may compromise both parties to handle those duties impartially. It may sound obvious but do not leave anything to chance.

Expect the Unexpected. If you line in a precarious and volatile family situation this issue is of critical importance in the event of divorce and other family conflicts. Consider the numerous situations and possibilities. Do you fear your ex-spouse could potentially deny your side of the family (your parents and/or siblings) from visiting your children if you die and the ex becomes sole legal guardian? If so, talk to an attorney about your options now. Otherwise, your family could face a lengthy and costly court battle. Createawill.com is your complete online resource for all last will and testament  and estate planning needs.

If you still don’t have a last will at all, beware the risks of not choosing a guardian yourself.

Wrongful death claims can be potential windfalls for revenue and typically when both parents die at the same time, it’s due to some type of tragic and horrific accident. A wrongful death suit could follow, with any resulting payment awarded to the children/child of the deceased. This lawsuit could possibly bring far and above the estate amounts cumulative value. In light of this and the flashing of dollar signs; relatives who otherwise could care less may suddenly change their minds and decide to fight for guardianship. Its not an attractive possibility-but a possibility none the less and one that must be accounted for. A last will and testament and estate plan should take all of these factors into account.

Do I really Need a Will?

When it comes to creating a Will.  Some people say well if you are not going to be around any longer, what is the point of a Will?  There are many different reasons why you should have a Will.  Let’s start with the reasoning behind a Will first.  A Will is a legal document that states the  stating the wants of a person with regard to the nature of the properties or assets after the death of a person.   A Will can protect your assets and help minimize the battles over your property.  If you die without one, your assets may not be distributed as you may want them to be. Attached are a few ideas on why you may want to create a will.

· To provide for your family.

· Specify whom you would like to receive your property.

· Request specifics at your funeral and burial.

· Create a trust for your children.

· Disinherit a person(s)

· Name a guardian for minor children

A Living Will is a legal document that explains the desires of a person with regard to medical decisions in the event where the person is unable to act on his/her own behalf.

What are the Legal Requirements of a Living Will?

Any person over the age of 18 can draft his/her own will without the help of an attorney. Additional requirements may vary depending on the jurisdiction but every will must contain the following:

• The owner of the Will must clearly identify himself as the maker of the will and that a will is being made; this is commonly called “publication” of the will and is typically satisfied by the words “last will and testament” on the face of the document.
• The owner must also declare that he or she cancels all previously-made wills and codicils.  Otherwise a previous made will revokes earlier wills and codicils only to the extent that they are inconsistent. However, if a following will is completely inconsistent with a previous one, it will be considered completely revoked by implication.
• The author must demonstrate that he has the capacity to dispose of his property and does so freely and willingly.
• The author must sign and date the will usually in the presence of at least two witnesses (persons who are not beneficiaries).
• The author’s signature must be placed at the end of the will. If this is not followed, any text following the signature will be ignored or the entire will may be invalidated if what comes after the signature is so material that ignoring it would defeat the person’s intentions.

After the author has passed, a proceeding will take place in court to determine the validity of the will. If the Will is ruled invalid then the inheritance will occur under the laws of intestacy, as if a will were never created.  You may find more information and resources by your local library or courthouse as well as the internet for your specific state.  Keep in mind that every state varies.

A Will is a matter of crucial importance and is able to be done yourself by simply going to www.createawill.com. We offer state specific downloadable forms and kit to not only save you money but time and a  peace of mind as well.