Matco Articles Home.
Translate Page To German Tranlate Page To Spanish Translate Page To French Translate Page To Italian Translate Page To Japanese Translate Page To Korean Translate Page To Portuguese Translate Page To Chinese

Increase your website traffic with Attracta.com


 
We now have 53935 Articles From over 100 Categories
  Number Times Read : 268      
Categories

Accessories
Acne
Aerobics
Application Development
Arts
Ask an Expert
Banking
Beverages
Branding
Budgeting
Business
Buying
Cancer
Career
Cars and Trucks
Causes and Organizations
Cell Phones
Collecting
College and University
Communications
Computers
Cooking
Corporate
Crafts & Hobbies
Culture and Society
Current Affairs
Database Marketing
Death and Dying
DHTML
Directories
Disease & Illness
Diseases and Conditions
Domain Names
Drop Shipping
E-Commerce
Electronics
Employee Relations
Entertainment
Environment
Equipment
Ezines and Newsletters
Family
Fashion
Fiction
Finance
Financial Planning
Financing
Fitness
Free Tools and Resources
Gadgets and Gizmos
Gardening
Grants
Growth Topics
Health
Health & Fitness
Home
Home & Family
Home Business
HTML
Human Resources
Import Export
Infants and Toddlers
Internet
Internet Business
K-12
Men Only
Motivational
Motorcyles
Nature
Our Pets
Personal Development
Pets and Animals
Podcasting
Pregnancy and Family Pla
Presentation
Product Reviews
Recreation & Sports
Recreation and Leisure
Reference & Education
Relationship
Religion and Spiritualit
Screenplay
Search Engine Optimizati
Search Engines
Self Improvement
Selling
Shopping
Speaking
Sports
Start Up
Stock Market Investing
Strategic Planning
Structured Settlements
Supplements and Vitamins
Team Building
Technology
Teenagers
Telecommuting
Telesales
Television
Tools & Resources
Travel
Travel & Leisure
Vehicles
Video
Web Development
Weddings
Work Life Balance
World Affairs
Writing & Speaking
 
Stats
Total Articles: 53935
Total Authors: 41422
Total Downloads: 5297038


Newest Member
Ed Robinson
 


    After Death Choices For The Living

[Valid RSS feed]  Category Rss Feed - http://www.matcomall.com/articles/rss.php?rss=406
By : Catherine Harvey    99 or more times read
Submitted 2008-01-24 04:24:27
However little you think you may have, making a will is as important as if you were wealthy. And your current state of health, however good, is not a reason for putting it off. If you have no property or savings to leave to your next of kin, would you necessarily want to leave them with your debts and problems? Of course not.

There are decisions to be made regarding who will look after underage children. Who will receive any property, personal belongings or money and also who will take responsibility for your funeral and all the administration that goes along with sorting things out in the event of your death.

A Living Will is an option to set out in writing your wishes in the event of your becoming too ill to communicate. It will state at what stage of deterioration you want medical intervention either stopped or continued. This is the only thing that medical staff are obliged to listen to. If you leave these difficult decisions to relatives, the doctors do not have to observe them.

If you own property, even if it is mortgaged, making a will is important as it sets out your wishes as to who will inherit your home, belongings and/or money. It declares one responsible person to take care of all your affairs, arrange your funeral (although this can be covered in your will) and pay your debts from your estate.

If you die without a will, called dying 'intestate', affairs can get complicated and messy. The law sets out who will inherit what regarding your property and belongings and sometimes family members can disagree with the decision, seeing it as unfair. Stepchildren never inherit if a person dies intestate and this can cause bad feeling.

Under the Administration of Estates Act 1925, close relatives can apply to deal with your estate in the event of your dying without a making a will. There is a set order to who can apply and if it is the children of the deceased, they will each have an equal right so it is usually based on a first come, first served basis. It is much more beneficial for the children to agree as debates and wrangling only serve to make lawyers richer.

Any relative or very close friend can contest a will if they do not agree with it but it can prove costly and time consuming, taking many months or even years to settle.

Without a will, the family have a set order of importance according to law. Inheritance levels will decrease the further away you are related. Civil partnerships are recognised and are credited the same tax awards as a husband and wife.

Inheritance tax can be an issue if your estate amounts to more than 300,000. pounds The executor of your will is liable for this and should make arrangements for it to be paid out of your estate. They should also apply for a probate form. This is legal proof that you have the right to a deceased persons bank accounts and insurance policies so that you are able to deal with them accordingly.

It is absolutely essential for the person holding the probate that they act in accordance with everything set out in the will. If not done so to the letter, they will be in trouble with the courts. Debts do not die with a person and have to be paid out of the estate. If there is very limited funds, the law dictates which debts should be paid first.

To save your family the added anguish of having to divide up all your worldly belongings on the event of your death, making a will is an important part of life.
Author Resource:- Family law expert Catherine Harvey looks at the reasons for making a will and the peace of mind it brings. To find out more please visit http://www.willdrafters.com/
Article From Mr Matco\'s Article Directory
Related Articles :

HTML Ready Article. Click on the "Copy" button to copy into your clipboard.




Firefox users please select/copy/paste as usual
New Members
select
Sign up
select
learn more
Affiliate Sign in
Affiliate Sign In
 
Nav Menu
Home
Login
Submit Articles
Submission Guidelines
Top Articles
Link Directory
About Us
Contact Us
Privacy Policy
RSS Feeds

Actions
Print This Article
Add To Favorites

 
Sponsors

Purchase this software