Posts Tagged ‘Legal Instrument’
Will Writing
Stephen Covey says “ There are three constants in life. ”
The PRINCIPALS we believe in:
The CHOICES we can and will make :
The CHANGES we can make and adjust to!
One of the Principles in life we believe in, is to take the necessary steps to love and protect our loved ones at all times, and to prepare ( and leave ) the important instructions by way of a WILL if anything happens to us:
In our lifetime, we will make millions of Choices and Decisions :
And also, we will make millions of changes in many of these choices and decisions of our lives.
BUT…BUT… Every individual with assets….with a Spouse….and with any Children, SHOULD HAVE A WILL.!, and if as yet there is no family Will, then THAT IS ONE IMPORTANT CHANGE THAT SHOULD ( SHOULD ) BE MADE AS SOON AS POSSIBLE. In a lot of cases it has been discovered that there must be a Change in Attitude toward the planning of a Will. Many must get over the attitude of Will Planning as planning to end their lives. It is not that at all, and many spouses should demand a smarter way of planning for the future of the whole family.
Remember….the Choice is yours ….to make the Changes… to finally get that family Will completed. It’s the principal of the thing.
add comment | (0 Comments)
Are you satisfied that you have prepared and are leaving a good financial plan for your loving family to be able to carry on if an illness or accident interfere’s with your life, and you are not here to help and guide them ?
If you don’t have a Will as yet, quickly sit with your spouse and draw up an interim emergency hand-written Will with your wishes for them. \
There is a good guideline style to follow on www.worldregistryofwills.com .
Make a decision also to record the location of where you will keep this interim Will, so it can be easily found if needed.
Wills
What would you call an experienced Will writer..?
A lawyer, or a notary, or a trust co. officer with the necessary skills who may have been involved helping several clients draft their Wills over the years ?
Then….what would you call the individual to be married for the sixth time, …..having had 5 children with three former spouses, and now marrying the sixth, ( who has four children of her own ) ? A louse, a loser, or a person in sad need of a major attitude adjustment ?
Why……because this individual never ever had any Will drafted for the protection of any of his families.!
Kinda begs the question……”as to what kind of woman would want to become his sixth partner ?”
Regretably….these are not isolated cases. It is happening almost every day, as people get seperared and divorced, and enter new relationships with families and seldom get around to thinking about their future or that of their children,
At some point the never ending question pops up “ Do we have a family Will….and where is it ?
One answer is …..go on-line to (www.worldregistryofwills.com ) to see if the location of any Will was in fact registered.
More people have to learn that the Family Will is the most important document they will ever sign in their lives, …yet…they keep more attention to their car contract, house, mortgage, birthdays, anniversaries, this years vacation etc. etc
If more people were aware of the devastating effects on many families, where there was no Family Will, they would quickly change their attitude about the importance and necessity of this (absolutely must have document. )
Don’t try to take any short-cuts when you start thinking about plans to prepare your Family Will!
Your family deserves better than that.
There are a few companies on-line that promote buying their off-the-rack, cookie-cutter-do it-yourself Will Forms to prepare your Family Will. While the forms look legal and professional, one size DOES NOT FIT ALL , and they DO NOT ADDRESS the many WHAT-IF’s, that would be raised by a lawyer!
And not just ANY lawyer !
When you decide the day you want to properly address this issue, take the time to search out a well qualified lawyer who specializes in Wills and Estates. Not every lawyer is trained in Estate and Wills Law, and it is important to secure the right kind. The same would apply to Notaries, and Trust Company Officers.
Because every individual and family’s situation is so different, the risk of using this type of On-line service, is too severe to fall victim to that type of Will preparation. In some areas, some Court jurisdictions do not recognize these type of Wills.
While the World Registry of Wills applauds these companies for trying to get people to get a Family Will taken care of, they will only agree that a personal hand-written emergency Will should be completed. ( a la the style as offered free on the World Registry of Wills website.) until people can get to a lawyer, notary, or trust officer, to get a proper Will completed.
Never cut a lawyer, notary or trust officer out of your Will preparation. Your family is too valueable and important, and deserves the best you can provide.
The World Registry of Wills website always aggressively promotes using lawyers when thinking about Wills. Check it out for yourself.
Are you, were you, who is ….going to be the Will Writer in your house?
The answer to that question has been narrowed down considerably since the recent revelation that Mothers of the World have burst upon the scene as the pre-dominant Will Writers in many households, and the number is growing by leaps and bounds.
It is only natural that Mothers recognize that home and family matters are the primary concern of parents. Focusing on family cash-flow, money and possessions both material and chikldren. It is important for them to keep track of things and know how to record them in planning discussions about inheritances, child guardianship, Wills, taxes, and shared property. They must also know about how a second income might affect their over-all estate planning.
While it may not be their intent to actually write the family Will, they have made themselves aware of the best and simplist way to accumalate all the necessary documents to be assembled, and how to proceed to prepare a first draft of a testamentary letter for their partner to see, before finalizing it , to present it to the legal professional of the family’s choice to draft the family’s final Will.
Mother’s recognize that they do not have to be the family Will Writer. They recognize how to enlist the services of other (often free) legal professionals to guide them against the numerous pitfalls often encountered by inexperienced people who desire maximum protective benefits from a properly drafted Will.
NOW, with more Mothers taking control of the Will planning, many more families will now be far better off facing any future without a partner.
IT WILL BE HERE REGARDLESS.!
While job, sports, entertainment, hobbies, family members and the UNEXPECTED, continue to dominate the minds of many, many heads of households, there is still that nagging thought…..that the Family Will has yet to be completed. Amazingly enough, still too many continue to let themselves be bothered by that nagging feeling.
This blog may have a comfortable suggestion for you , and it is going to take a little organizing on your part.
Four Simple Steps:
1…Go On-line to the website (www.worldregistryofwills.com) and download two of the informational Freebies. One called TAKE CONTROL, and the other, the Sample of a Hand-Written Will.
2…In reading the TAKE CONTROL freebie, you will see how to assemble the material you will need, and instructions on how to write your Testamentary Letter.
3…Right after that, sit down with your partner and write out a simple hand-written Will using the sample as a guideline. While this will only be an emergency draft of your wishes, it will at least provide some protection for your family in case an unexpected event intervene’s before you can get a proper Will completed.
4….Now….take the precious time to go on-line to REGISTER THE LOCATION OF WHERE THAT HAND_WRITTEN WILL IS GOING TO BE KEPT, with a worlds wills locations registry so that it can be easily found if needed unexpectedly. Because, if your Will cannot be found,……it was an exercise in futility, and maybe leave your family members in a state of bewilderment.
It is very important to do this, because it is your responsibility to know at all times, the location of your Last Will and Testament.
Not knowing where you are going, and ultimately ending up where you do not want to be,?
How about thinking of contacting a local financial planner ? While they cannot do WILLS for you, they can offer solid counsel on financial planning and direct you to reliable sources to have a Will completed.
If you’re not sure about a financial planner, look over these frequently asked questions. They may help you decide if a financial planner is the right choice for you ? While most everyone needs financial planning assistance, not everyone may need a professional financial planner for a handy counsellor.
Do you feel your situation is challenging and that you need more sophisticated financial advice and financial services ?
Would you value a relationship with a financial planner who will create a customized personal financial strategy for you >
Are you frustrated by all the conflicting financial advice you hear ?
Are you tired of spending your leisure time looking after your finances,?
Would you sleep better if you had a professional you could trust looking after your finances and financial planning,?
Would you like to have a specialist you can call whenever you need financial advice or a second opinion?
Would you like a non-biased opinion on your insurance, bond and stock portfolio desires and wants ?
Do you believe estate planning and trusts are the most tax-efficient way to pass wealth onto your heirs ?
If you answer YES to a couple of these questions, it should tell you to seek out a financial planner in your community you will be comfortable working with. Like choosing a family doctor, you may interview more than one until you find that comfortable relationship. Ask the pertinent questions about how they charge for their services , and most are very upfront about whether they can or cannot handle the services you may want.
This effort to have a financial assistant will prove invalueable as the first step before approaching your lawyer to finalize the details of your Family Will.
Upon completion of that Will, ask your lawyer to register the location of where your Will is going to be kept. If he does not register it with a Worlds Wills Locations registry, then, DO IT YOURSELF.
This blog has for sometime revealed that it is now easy to see that there is a new trend toward a new world order.?
It can be called the “Rise of the Women Economy !”
While it may sound like a TV Reality show, it is in fact a series of changes that have been taking place for sometime that bring forth a new financial reality for Women of the World !
****Women are now the primary home purchasers according to the National Realtors Association :
****The “Female Economy “ study showed that Women control almost 4/5ths of consumer spending:
****Women are now occupying almost 50% of the workforce, and growing:
Not only do 82% of women now rate themselves as knowledgable about home finances compared to 75% in 2008, two-thirds consider themselves “the chief financial officer “ in the home responsible for their families financial planning, investing, retirement and Wills according to the study of “Women and Affluence 2010 “, by the group WOMEN AND COMPANY.
That is now terrific news for the more than 80% of the world families to this date that do not have a WILL. With Mothers of the World now taking control of family estate planning and Wills, it is expected there will be aggressive action to now reverse that trend, to intead become a statistic that 80% of the World population do NOW HAVE A WILL, THANKS TO WOMEN POWER.!
GET OUT OF YOUR POSSESSION.!…EVER. !
That is a mantra one must follow, once they themselves know where their Will is now located.
While this attitude may surprise some who might already have a Will, it will not surprise the majority who as yet do not have a Will.!
WILL executors and Administrators have no fool proof method of discovering whether a Will has been made, when it was made, and where it is located , and that is why the World Registry of Wills (worlds Wills Location Registry) came into existence. It will help make the administration of the estate perform with greater efficiency because they can easily determine if there was a Will in existence.
Individuals, banks, trust companies, will writers and lawyers and the rest of the legal profession are now encouraged to make registering the locations of their clients Wills and other important documents, part of their service to their clients.
For individuals with too-busy schedules to get to a lawyer as yet, even a HAND-WRITTEN SET OF INSTRUCTIONS would be acceptable to register the location of where this letter is going to be kept with a worlds wills locations registry. because when located, it would stand a good chance of being accepted by the COURTS.
This blog urges individuals to register ON-LINE their WILLS LOCATION with the worlds wills locations registry, and then provide copies of this registry info with two family members, two close friends and the spouse, so that up to five people may remember where the Will information is kept.
Since it is the sole responsibility of the testator to always know where the Will information is located, (even if a legal professional drafted the Will,) it is strongly recommended to always keep your Will information in your own possession. Never leave it in someone else’s hands.
Will planning
Did you know that parents can easily issue passports to their children and family ?
Not an official passport to other countries….but a document to try to insure the good and welfare for their family members when a parent ceases to be available to protect them ?
IT IS CALLED A WILL.! In essence a passport to the continued good life they may now be living, that would be accepted by the Courts.
Wouldn’t any parent prefer to draft a legal document for a better life for their family , rather leave everything to chance that might bring doom and gloom ?