Living Will - Durable Power of Attorney

1. Website: www.nexgentransfer.com Call 095994 45568 Living Will Durable Power of Attorney

2. Website: www.nexgentransfer.com Call 095994 45568 Living Will All people should have a living will. Wills can distribute the person’s property, name an executor, name guardians for children, forgive debts and more. Having a living will also mean that the person, rather than their state’s laws, decide who gets the person’s property when they die. In most of the cases, wills are the typewritten legal documents that are signed and witnessed by the person, but some states do recognize other types of wills. When a person dies without a will or the other estate plan, state laws are known as "intestate succession laws" decide which family members will inherit their estate and in what proportion. In most of the

3. Website: www.nexgentransfer.com Call 095994 45568 states in India, their spouse, children, or parents take priority under intestate succession. Most of the people want to distribute their property differently than the state would distribute it. For example, many people want to leave gifts for their friends, neighbours, schools, or mainly for charitable organizations and also intestate the succession does not allow for any of those things. If the person wants other people or organizations to inherit some of the

4. Website: www.nexgentransfer.com Call 095994 45568 person’s property, or if they want to decide the proportions of their gifts, a will can make sure their wishes are followed. Wills are the living revocable trust. A living revocable trust means that when a person is living can change the trustee in his will. It is very easy to draft a will. It is important for a person to draft a will. Central to most will is the distribution of a will maker’s property. But a living will do much

5. Website: www.nexgentransfer.com Call 095994 45568 more than that thing. For example, one can use their will to name an executor to wrap up their estate, name guardians for their children and their property, create trusts for their children or other young beneficiaries like to forgive debts, and more. One can use other estate planning tools to distribute their property (like living trusts, beneficiary designations, joint tenancy, and transfer on death deeds), but only then their will can provide these other useful and important functions. In fact, even if a person make a living trust to distribute every single piece of the person’s property to their beneficiaries, the person should still have a will to – at the very least – name an executor, name a guardian for their children, and

6. Website: www.nexgentransfer.com Call 095994 45568 include a “residuary” clause that names a beneficiary for any other property that might acquire after the person make their trust. The division of an estate is after the death of a person and comes with many emotions. The slightest differences can also result in hurt feelings and recriminations. As divorce can become more complex and blended families more common in this world, dividing assets can

7. Website: www.nexgentransfer.com Call 095994 45568 become even more complicated for the persons. A will that lays out their wishes may reduce conflict and speculation over what they would have wanted. The person who makes the will have a special durable power of attorney. It depends upon that person who is mentally sick to whom he has to give that durable power of attorney. For more information contact us now & call: 095994 45568.

8. Website: www.nexgentransfer.com Call 095994 45568 www.nexgentransfer.com Call 095994 45568 Thank You