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The Lingo of Wills

2/13/2014 10:45 AM

When most people talk about a will, they mean a Last Will & Testament. This includes lawyers as well as non-lawyer. It is common enough of a term that if you said simply, “I want to create a will,” most people will know what you mean.

There are a few types of wills. If you want to refer to these other types of wills, such as an ethical will or a living will, you would want to say the full name. Simply saying “will” can lead to confusion. If you go around saying last will and testament, you might ...

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Comments | Posted in Sanket Mistry 2014-Feb By Sanket Mistry

Understanding the differences in estate planning documents can help you to get organized which can, in turn, help you cover all of your bases. Your wishes are probably complicated. That’s ok. Most people have complicated wishes that tend to change overtime.

If your wishes are different from what someone would expect, then you might want to think about providing some type of explanation as to why you are making some of the decisions that you are making. No place is that more important that with a ...

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Comments | Posted in Sanket Mistry 2014-Feb By Sanket Mistry

The ethical will has a name that is misleading and can confuse people. An ethical will is in fact not a will at all. An ethical will is, rather, a personal statement that you make to loved ones that is passed to your loved ones after you have died.

An ethical will is not a legal document and therefore can take any format that you wish. It can be a video, a group of letters, or it can be more than one single thing. Generally, however, an ethical will is a letter.

You should create on ethical will p...

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Comments | Posted in Sanket Mistry 2014-Feb By Sanket Mistry

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