Write Your Legal Will In 3 Easy Steps - Can: Everything You Need To Write A Legal Will

Perfect | December 1, 2007

byTom Carter

not yet rated|write a review
You can write your own legal will by following the three easy steps explained in this book. A CD contains blank forms for your use. Ensure that your assets and belongings are passed on to the people who deserve them and according to your wishes. If you die without a proper, valid will, your relatives may be overwhelmed by complicated paperwork and expensive legal issues. A legal will gives you the peace of mind of knowing that your estate - however modest or extravagant - will be properly divided and your loved ones cared for. The book answers questions such as: How much work is it to administer an estate? If I make a will, do I have to use a lawyer? Who should be my executor? Do I have to leave anything to my spouse or children? Can I change my mind about bequests? How should I choose my witnesses? This kit is written by a Canadian lawyer and is 100% legal. Just follow the step-by-step instructions and use the forms included to create your own will. There’s no need to register your will or have it signed by a legal professional. Simply store it in a safe place for your loved ones. 1. Choose your executor 2. Understand what property passes in your will and what does not 3. Decide who will get the property that passes in your will Besides the simple, 3-step approach, the book also contains useful reference material explaining more complicated wills. All the forms you need for a simple, legal will are printed on tear-out sheets in the book. Those same forms, plus numerous bonus forms, are included on the CD-ROM bound in the back of the book. - 20131009

Pricing and Purchase Info

$16.19 online
$24.95 list price (save 35%)
In stock online
Ships free on orders over $25
Prices may vary. why?
Please call ahead to confirm inventory.

From the Publisher

You can write your own legal will by following the three easy steps explained in this book. A CD contains blank forms for your use. Ensure that your assets and belongings are passed on to the people who deserve them and according to your wishes. If you die without a proper, valid will, your relatives may be overwhelmed by complicate...

From the Jacket

Ensure that your assets and belongings are passed on to the people who deserve them and according to your wishes. If you die without a proper, valid will, your relatives may be overwhelmed by complicated paperwork and expensive legal issues.

Tom Carter operated a private law practice for nearly 20 years, dedicated to meeting the complex legal needs of our aging population. His specialization included wills and estates, incapacity planning, and adult guardianship and trusteeship. In 1999 he closed the practice to take a position as a senior trust officer and estate consulta...

other books by Tom Carter

So Youve Been Appointed Executor
So Youve Been Appointed Executor

Perfect|Nov 15 2015

$19.54 online$19.95list price
Living Wills Kit
Living Wills Kit

CD-ROM|Sep 15 2009

$15.27 online$19.95list price
see all books by Tom Carter
Format:PerfectDimensions:144 pages, 9.75 × 8.3 × 0.3 inPublished:December 1, 2007Publisher:Self-Counsel PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:1551808013

ISBN - 13:9781551808017

Look for similar items by category:

Reviews

Extra Content

Table of Contents

Preface xiii Step 1: Choose Your Executor 1 1. Choosing the Right Executor 4 1.1 What does an executor do? 4 1.2 Who would be a good executor? 5 1.3 Is it a gift, a trust, or a life estate? 6 1.4 What powers should I give my executor? 8 1.5 An individual as executor 9 1.6 A professional person as executor 10 1.7 A trust company as executor 11 2. Joint Executors 13 3. Alternate Executors 14 v 4. Payment to Your Executor 14 5. Executor Clauses 14 Step 2: Categorize Your Property 15 1. Non-Estate Assets That Pass Automatically to Beneficiaries 17 1.1 Joint with right of survivorship assets 18 1.2 Designated beneficiary assets 18 2. Estate Assets That Pass through Your Will 18 2.1 Assets in your name only 18 2.2 Assets you own as tenants in common 19 Step 3: Distribute Your Property 21 1. People with Children 23 2. People without Children 25 Plus One: Sign, Witness, and Store Your Will 27 1. Sign and Witness Your Will 29 2. Store Your Will 30 Resources 31 Frequently Asked Questions 33 1. Questions about Content 33 1.1 Do I have to give something to my spouse? 33 1.2 Do I need a will if everything is jointly owned with my partner? 35 1.3 Do I have to leave something to my children? 37 1.4 Who will look after my minor children? 38 1.5 Who will look after my minor children’s money? 38 1.6 What if the whole family dies in a plane crash? 39 1.7 What if I remarry? 40 vi Write Your Legal Will in 3 Easy Steps 1.8 What about same-sex couples? 42 1.9 Why didn’t we have any problems when my uncle didn’t leave a will? 42 1.10 What if I die in 30 years? Everything will be different. 44 2. Questions about Form 45 2.1 Can I change my mind? 45 2.2 If I do a will now, will it take away my options for later? 46 2.3 “Doing a will means I’m ready to die — and I’m not!” 47 2.4 What if I’m too busy right now? 47 2.5 How is a will signed? 47 2.6 Can my family be witnesses? 48 2.7 Does a will have to be typed? 48 2.8 Can I do a will on videotape? 48 2.9 When should I review my will? 49 2.10 What happens to my debts? 49 2.11 What if I move? 49 2.12 What if I want to donate my organs? 50 2.13 How do I give a specific bequest? 50 2.14 Burial instructions 50 2.15 How can I revoke my will? 50 2.16 Can my will be voided? 50 3. What Can My Executor Do While I’m Still Alive? 51 Executor’s Powers 53 1. Exercise of Property Rights 53 2. Realization and Sale 54 3. Payments to Beneficiary 54 4. Distribution in Kind 54 Contents vii 5. Investments 55 6. Tax Elections 55 7. Employment of Agents 55 8. Apportionment of Receipts 55 9. Encroachment Power 56 10. Borrowing 56 11. Real Property 56 12. Corporate and Business Assets 56 13. Renewal of Guarantees 57 14. Resolution of Disputes 57 Estate Planning for Life: The Law of Aging 59 Your Enduring Power of Attorney 67 1. What Is a Power of Attorney? 67 2. What Is an Enduring Power of Attorney? 68 3. What Are the “Maybes” That an Attorney Must Deal With? 69 4. The Setup, or Who Will Be My Attorney? 71 5. The Trigger, or When Do I Want My Attorney to Start? 73 6. The Attorney’s Toolbox, or What Does My Attorney Need in Order to Do the Best Job? 74 7. The Challenge of Long-Term Asset Management 75 8. The Challenge of Working with Your Health Care Agent 76 Your Advance Directive 77 1. The Setup, or Who Will Be My Agent? 80 2. The Trigger, or When Do I Want My Agent to Start? 81 3. End-of-Life Instructions, or What Do I Want My Agent to Do If I Am Terminally Ill? 81 4. The Agent’s Toolbox, or What Does My Agent Need in Order to Do the Best Job? 82 5. The Most Important Person in Your Advance Directive Is Your Agent 84 viii Write Your Legal Will in 3 Easy Steps Probate Fees and Income 85 1. Probate Fees: “I Don’t Want My Family to Pay Them” 85 1.1 What is probate? 85 1.2 Fees associated with probate 86 1.3 Avoiding probate 91 2. Income Tax and Death 92 2.1 Income earned by you to date of death 92 2.2 Income earned by your estate after death 92 2.3 Capital gains tax at death 93 2.4 Clearance certificate 94 Finding and Using a Good Wills Lawyer 95 1. The Risks of Doing It Yourself 95 2. Advantages of Using a Lawyer 96 2.1 The “proof you had your marbles” factor 96 2.2 The “complete advice” factor 96 2.3 The “multi-generational thinking” factor 97 2.4 The “who pays if I make a mistake?” factor 97 2.5 The “loss leader” factor 97 2.6 The “legal boiler plate” factor 97 2.7 The “personal comfort” factor 97 2.8 The “future estate work” factor 98 3. All Lawyers Are Not Created Equal 98 4. Finding a Good Estate-Planning Lawyer 98 4.1 Get the names of five good lawyers 99 4.2 Use the phone 100 4.3 Visit the prospects 101 Contents ix Basic Will and Worksheets 103 Basic Will Form 105 Worksheet 1 — Step 1: Choose Your Executor Clause 113 Worksheet 2 — Step 2: Categorize Your Property 115 Worksheet 3 — Step 3: Choose Your Distribution Clause 125 Tables 1 Dependant Relief Laws 34 2 Summary of Intestate Succession Laws 43 3 Names of Intestate Succession Laws by Province and Territory 45 4 Enduring Power of Attorney Laws and Terms by Province and Territory 65 5 Advance Directive Laws and Terms by Province and Territory 66 6 The Logical Structure of an Enduring Power of Attorney 71 7 The Logical Structure of an Advance Directive 79 8 Probate Court and Laws by Province and Territory 87 9 Probate Tax Rates by Province and Territory 88 CD Content 130 x Write Your Legal Will in 3 Easy Steps - 20110714