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Showing posts with the label Powers of attorney

Creating a Will: A Step-by-Step Guide to Protecting Your Loved Ones

 Creating a Will: A Step-by-Step Guide to Protecting Your Loved Ones   Creating a Will: A Step-by-Step Guide to Protecting Your Loved Ones  A will of undivided property share refers to a provision in a will that specifies how a person's undivided property (property that is not divided into specific shares or portions) should be distributed upon their death. An undivided property share can be bequeathed to a specific individual or group of individuals, or it can be placed into a trust for the benefit of one or more beneficiaries. It is important to note that the terms of a will are only effective upon the death of the person who made the will (the "testator"). Therefore, a will of undivided property share would not be effective until the testator passes away.     If the will includes a provision for an undivided property share, it is important to clearly specify the property that is being bequeathed and the intended recipient or recipients of the share. This...