Find living wills and other legal documents
It's never too early to start thinking about wills. Having a last will and testament in place protects the intended heirs to your property and gives you peace of mind. It is one of the most essential legal contracts you'll ever sign.
If you pass away without a will, your estate will end up in probate, and it could take years before it ends up in the possession of your descendants, and they may also sacrifice thousands of dollars in court costs as a result.
There's no need for your heirs to end up in this situation. Accessing standardized wills online is fast, easy and very inexpensive compared to the cost of hiring a lawyer. You can get a full range of legally binding forms that cover every situation regarding your end-of-life medical care and property.
Types of Legal Contracts for Wills
The major forms dealing with property and advance directives that are available for your use include:
- Last will and testament. In your last will and testament, you will spell out how you want your remains dealt with and who you want your assets and property to pass to. It is strongly recommended that you create and regularly update your last will and testament to reflect your changing situation as you continue to accumulate assets and wealth.
- Living will. If you do not want to be kept alive through artificial means in the event of a serious accident or illness, you can create a living will to assert your legal right to have someone "pull the plug."
- Codicils and gift deeds. A codicil is an addition made to a will, and you can use it if you simply want to add rather than dramatically change terms. A gift deed can be used to bequeath property to heirs prior to your passing, which is becoming an increasingly popular strategy to avoid taxation and help your heirs enjoy their inheritances earlier and more fully.
Using these documents ensures your final wishes will be honored, and finding them online rather than hiring a lawyer can save you a lot of money in legal fees. Just make sure that you have your last will and testament, living will, codicils and gift deeds notarized to ensure their validity is promptly recognized by the courts.