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Hub You - Frequently Asked Questions About Wills, Living Wills and Powers of Attorney
Plastic fundraising cards are proving to be very effective with many different types of businesses and organizations. These wallet-sized wonders are being created as a tool to raise money for charitable organizations, in addition to the flexibility of producing cards for gift, loyalty and membership marketing purposes.Plastic fundraising cards usually include a variety of discounts that are accepted through the participation of local, regional and national merchants in your target marketing area. A typical plastic fundraising card could retail for $10 and offer unlimited usage of special offers. In addition, special one-time or limited time offers can be provided by the merchant through the card. This type of offer frequently covers half the purchase price of the product or service.Some of the more popular retailer promotions that have been launched include free drinks with fast food orders, discounts on sandwiches, money saving offers on video rentals, haircut discounts and
Responsibilities usually undertaken by an Executor/Executrix include:
--Paying valid creditors;
--Paying taxes;
--Notifying Social Security and other agencies and companies of your death;
--Canceling credit cards, magazine subscriptions, etc.; and
--Distributing assets according to the will.
WHAT ABOUT UPDATING MY WILL?
You'll probably need to update your will several times during the course of your life. For example, a change in marital status, the birth of a child or a move to a new state should all prompt a review of your will. You can update your will by amending it by way of a Codici
To expunge criminal records is to clear a person’s record of a crime committed. The term expugement of criminal records is sometimes used with sealing, destruction or return to the subject of a person’s criminal record maintained by government agencies.There are two sides to expunge criminal records. On one hand you have a person trying to get a job, buy a home or some other important life activity. They would like to remove the stigma of a police record or a court conviction. Society on the other side wants criminal records available for making informed decisions on future crime investigations. Laws and cases display the tension between these two sides.Criminal records may be expunged by statue and by inherent judicial authority. Expungement can be to seal or destroy the criminal records or take it back to the subjects of the records. The method used will depend on the state statue and the state court's interpretation of its power.Each state is different in how they
The simplest way to ensure that your funds, property and personal effects will be distributed after your death according to your wishes is to prepare a will. A will is a legal document designating the transfer of your property and assets after you die. Usually, wills can be written by any person over the age of 18 who is mentally capable, commonly stated as "being of sound mind and body."
WHO NEEDS A WILL?
Although wills are simple to create, about half of all Americans die without one (or Intestate). Without a will to indicate your wishes, the court steps in and distributes your property according to the laws of your state. Wills are not just for the rich; the amount of property you have is irrelevant. A will ensures that what assets you do have will be given to family members or other beneficiaries you designate. If you have no apparent heirs and die without a will, it's even possible the state may claim your estate.
Having a will is especially important if you have young children because it gives you the opportunity to designate a guardian for them in the event of your death. Without a will, the court will appoint a guardian for your children who may be someone you do not even know.
WHAT ARE THE ELEMENTS OF A WILL?
What you generally need to make a will:
1) Your name and place of residence;
2) Names and addresses of spouse, children and other beneficiaries, such as charities or friends;
3) Alternate beneficiaries, in the event a beneficiary dies before you do;
4) Name and address of an Executor/ Executrix to manage your estate;
5) Name and address of an alternative Executor/Executrix, in the event your first choice is unable or unwilling to act;
6) Name and address of a guardian for your minor children;
7) Name and address of an alternative guardian, in the event your first choice is unable or unwilling to act;
8) The age you wish your minor children to have control of their inheritance;
9) Any burial requests you may have (cremation, where you want to be buried, etc.);
10) Your signature;
11) Two Witnesses' signatures; and
12) Notarization.
Two of the most important items included in your will are naming a guardian for minor children and naming an Executor/ Executrix.
WHAT IS A GUARDIAN?
In most cases, a surviving parent assumes the role of sole guardian. However, it's important to name a guardian for minor children in your will in case neither you nor your spouse is able and willing to act. The guardian you choose should be over 18 and willing to assume the responsibility. Talk to the person ahead of time about what you are asking. You can name a couple as co-guardians, but that may not be advisable. It's always possible the guardians may choose to go their separate ways at some later date, and, if so, a custody battle could ensue. If you do not name a guardian to care for your children, a judge will appoint one, and it may not be someone you would have chosen.
WHAT IS A EXECUTOR/EXECUTRIX AND WHAT DO THEY DO?
An Executor/Executrix is the person who oversees the distribution of your assets in accordance with your will. Most people choose their spouse, an adult child, a relative, or a friend to fulfill this duty.
If no Executor/Executrix is named in a will, a Probate Judge will appoint one. Probate refers to the legal procedure for the orderly distribution of property in a person's estate. The Executor/Executrix files the will in probate court, where a Judge decides if the will is valid. If it is found to be valid, assets are distributed according to the will. If the will is found to be invalid, assets are distributed in accordance with state laws.
Responsibilities usually undertaken by an Executor/Executrix include:
--Paying valid creditors;
--Paying taxes;
--Notifying Social Security and other agencies and companies of your death;
--Canceling credit cards, magazine subscriptions, etc.; and
--Distributing assets according to the will.
WHAT ABOUT UPDATING MY WILL?
You'll probably need to update your will several times during the course of your life. For example, a change in marital status, the birth of a child or a move to a new state should all prompt a review of your will. You can update your will by amending it by way of a Codici
The other day, I found myself humming along to a song that I had heard recently. It wasn't long until I knew that I wanted that song in my MySpace profile. So of course I searched MySpace for this band only to be left dumbfounded when I couldn’t find them in MySpace Music. This Left me with no choice but to add a custom MP3 player to my profile. In result of this, I've realized that adding music to your profile can be trickier than you think. So I found a better way.The only "friendly" way to add music to you profile is through MySpace music (clicking the little "add" link next to a band's song). Of course there are tons of ways to throw in music like custom music players and videos. But most of us take this for granted. Not every MySpace user is HTML savvy, in fact, most aren’t. A lot of people find themselves searching Google and learning different tips and tricks to modify their MySpace Layout, or using those pre-made MySpace Layouts that are full of spam. This leaves the novic
Having a will is especially important if you have young children because it gives you the opportunity to designate a guardian for them in the event of your death. Without a will, the court will appoint a guardian for your children who may be someone you do not even know.
WHAT ARE THE ELEMENTS OF A WILL?
What you generally need to make a will:
1) Your name and place of residence;
2) Names and addresses of spouse, children and other beneficiaries, such as charities or friends;
3) Alternate beneficiaries, in the event a beneficiary dies before you do;
4) Name and address of an Executor/ Executrix to manage your estate;
5) Name and address of an alternative Executor/Executrix, in the event your first choice is unable or unwilling to act;
6) Name and address of a guardian for your minor children;
7) Name and address of an alternative guardian, in the event your first choice is unable or unwilling to act;
8) The age you wish your minor children to have control of their inheritance;
9) Any burial requests you may have (cremation, where you want to be buried, etc.);
10) Your signature;
11) Two Witnesses' signatures; and
12) Notarization.
Two of the most important items included in your will are naming a guardian for minor children and naming an Executor/ Executrix.
WHAT IS A GUARDIAN?
In most cases, a surviving parent assumes the role of sole guardian. However, it's important to name a guardian for minor children in your will in case neither you nor your spouse is able and willing to act. The guardian you choose should be over 18 and willing to assume the responsibility. Talk to the person ahead of time about what you are asking. You can name a couple as co-guardians, but that may not be advisable. It's always possible the guardians may choose to go their separate ways at some later date, and, if so, a custody battle could ensue. If you do not name a guardian to care for your children, a judge will appoint one, and it may not be someone you would have chosen.
WHAT IS A EXECUTOR/EXECUTRIX AND WHAT DO THEY DO?
An Executor/Executrix is the person who oversees the distribution of your assets in accordance with your will. Most people choose their spouse, an adult child, a relative, or a friend to fulfill this duty.
If no Executor/Executrix is named in a will, a Probate Judge will appoint one. Probate refers to the legal procedure for the orderly distribution of property in a person's estate. The Executor/Executrix files the will in probate court, where a Judge decides if the will is valid. If it is found to be valid, assets are distributed according to the will. If the will is found to be invalid, assets are distributed in accordance with state laws.
Responsibilities usually undertaken by an Executor/Executrix include:
--Paying valid creditors;
--Paying taxes;
--Notifying Social Security and other agencies and companies of your death;
--Canceling credit cards, magazine subscriptions, etc.; and
--Distributing assets according to the will.
WHAT ABOUT UPDATING MY WILL?
You'll probably need to update your will several times during the course of your life. For example, a change in marital status, the birth of a child or a move to a new state should all prompt a review of your will. You can update your will by amending it by way of a Codici
Air force members are also prone to debts, just as people working in other fields. An air force person with a lot of unsecured debt can avail of an air force debt consolidation loan. These loans help to consolidate and eliminate all kinds of debts. Air force debt consolidation loans are provided by lenders who offer special services to air force crews.To qualify for an air force debt consolidation loan, one must be an active duty air force person, or a 20 year career retired air force person. Air force debt consolidation loans are unsecured loans and thus do not need any collateral. The rules, interests and loan limits vary considerably. These loans have lower interest rates, often below 8%. This makes them a good option for debt consolidation. The upper limit of these loan amounts usually depend on the person?s rank in the air force. Usually, the loan limit ranges between $500 and $10,000.The benefits of air force debt consolidation loans include earliest payoff of debts, l
7) Name and address of an alternative guardian, in the event your first choice is unable or unwilling to act;
8) The age you wish your minor children to have control of their inheritance;
9) Any burial requests you may have (cremation, where you want to be buried, etc.);
10) Your signature;
11) Two Witnesses' signatures; and
12) Notarization.
Two of the most important items included in your will are naming a guardian for minor children and naming an Executor/ Executrix.
WHAT IS A GUARDIAN?
In most cases, a surviving parent assumes the role of sole guardian. However, it's important to name a guardian for minor children in your will in case neither you nor your spouse is able and willing to act. The guardian you choose should be over 18 and willing to assume the responsibility. Talk to the person ahead of time about what you are asking. You can name a couple as co-guardians, but that may not be advisable. It's always possible the guardians may choose to go their separate ways at some later date, and, if so, a custody battle could ensue. If you do not name a guardian to care for your children, a judge will appoint one, and it may not be someone you would have chosen.
WHAT IS A EXECUTOR/EXECUTRIX AND WHAT DO THEY DO?
An Executor/Executrix is the person who oversees the distribution of your assets in accordance with your will. Most people choose their spouse, an adult child, a relative, or a friend to fulfill this duty.
If no Executor/Executrix is named in a will, a Probate Judge will appoint one. Probate refers to the legal procedure for the orderly distribution of property in a person's estate. The Executor/Executrix files the will in probate court, where a Judge decides if the will is valid. If it is found to be valid, assets are distributed according to the will. If the will is found to be invalid, assets are distributed in accordance with state laws.
Responsibilities usually undertaken by an Executor/Executrix include:
--Paying valid creditors;
--Paying taxes;
--Notifying Social Security and other agencies and companies of your death;
--Canceling credit cards, magazine subscriptions, etc.; and
--Distributing assets according to the will.
WHAT ABOUT UPDATING MY WILL?
You'll probably need to update your will several times during the course of your life. For example, a change in marital status, the birth of a child or a move to a new state should all prompt a review of your will. You can update your will by amending it by way of a Codici
Unclaimed or uncashed payroll checks handled incorrectly by an employer can result in serious trouble for the employer. Prior to implementing a policy on how your company handles these types of checks, there are several issues to consider:Every state has escheat laws that affect unclaimed or abandoned property. In general the laws require that such property, including the funds from uncashed and/or unclaimed payroll checks, be turned over to the state after a designated period. That period and possibly a minimum amount vary from state to state. The state then holds the items for the owner or heirs until a claim is filed to collect the property.If an uncashed payroll check is voided the money is then available in the company's payroll checking account. If later the funds are not available to pay the employee or to submit to the state the, employer and officers could find themselves under a breach of fiduciary responsibility. If the courts find the actions intentional the co
WHAT IS A EXECUTOR/EXECUTRIX AND WHAT DO THEY DO?
An Executor/Executrix is the person who oversees the distribution of your assets in accordance with your will. Most people choose their spouse, an adult child, a relative, or a friend to fulfill this duty.
If no Executor/Executrix is named in a will, a Probate Judge will appoint one. Probate refers to the legal procedure for the orderly distribution of property in a person's estate. The Executor/Executrix files the will in probate court, where a Judge decides if the will is valid. If it is found to be valid, assets are distributed according to the will. If the will is found to be invalid, assets are distributed in accordance with state laws.
Responsibilities usually undertaken by an Executor/Executrix include:
--Paying valid creditors;
--Paying taxes;
--Notifying Social Security and other agencies and companies of your death;
--Canceling credit cards, magazine subscriptions, etc.; and
--Distributing assets according to the will.
WHAT ABOUT UPDATING MY WILL?
You'll probably need to update your will several times during the course of your life. For example, a change in marital status, the birth of a child or a move to a new state should all prompt a review of your will. You can update your will by amending it by way of a Codici
After all is said and done, after your product is created, all that matters is whether it will sell! You may have done all the necessary homework and preparations such as designing your website, creating your product, and getting joint-venture partners, but now your product has to sell or you would wasted all your time.Ezine ads, Adwords and classified ads are some examples of advertising avenues that online entrepreneurs use in abundance. But it is those that use them well that sell a lot of products. These are just mediums to advertise in at the end of the day; you have to make your customer take out his or her credit card and buy!It is important to get a strong foundation in marketing 101 before spending even a single cent on advertising. Learning how to write strong ad copy is important. So is writing sales copy on your website. Whether you want to create a hyped salesletter or a more low-key one, it must sell and get results.One of the best ways to get a strong m
Responsibilities usually undertaken by an Executor/Executrix include:
--Paying valid creditors;
--Paying taxes;
--Notifying Social Security and other agencies and companies of your death;
--Canceling credit cards, magazine subscriptions, etc.; and
--Distributing assets according to the will.
WHAT ABOUT UPDATING MY WILL?
You'll probably need to update your will several times during the course of your life. For example, a change in marital status, the birth of a child or a move to a new state should all prompt a review of your will. You can update your will by amending it by way of a Codicil or by drawing up a new one. Generally, people choose to issue a new will that supersedes the old document. Be sure to destroy the old will after you sign a new one.
WHAT ABOUT ESTATE TAXES?
The property included in your will may be subject to taxation. In planning your will, take into account the following:
---Federal estate taxes will generally be due if the net taxable estate is worth more than $1,000,000. This amount is scheduled to gradually increase from $1,000,000 in 2002/2003 to $3,500,000 in 2009 so that it will eventually shield $3,500,000 in gift or estate transfers from tax per taxpayer. Estates in excess of the exempt amount can be taxed at a rate from 37% to 50% (the top percentage is scheduled to gradually decrease to 45% in 2009). Also, note that these estate tax changes are scheduled to be repealed in 2010. If not extended, the tax law will revert to the estate and gift tax provisions in affect in 2001. Consult a tax or financial professional to determine a plan that is right for you and your family.
---State death or inheritance taxes
---Federal income taxes
---State income taxes
You may be able to minimize your estate tax by establishing a trust or giving gifts during your lifetime. You can also cover the cost of estate taxes by purchasing a life insurance policy intended to pay taxes. Talk to your life insurance agent to find out more about how this works.
WHERE SHOULD I KEEP MY WILL?
Once your will is written, store it in a safe place that is accessible to others after your death. I suggest that you keep it in a fire proof box that you can purchase at any office supply store. I do not suggest that you keep your will in a safe deposit box because many states will seal your safe deposit box upon your death. Make sure a close friend or relative knows where to find your will.
WHAT IS A LIVING WILL?
A living will is not a part of your will. It is a separate document that lets your family members know what type of care you do or don't want to receive should you become terminally ill or permanently unconscious. It becomes effective only when you cannot express your wishes yourself. Discuss your wishes as reflected in your living will with family members, and be sure all your doctors have a signed copy.
WHAT IS A POWER OF ATTORNEY FOR HEALTH CARE (HEALTH CARE PROXY)?
A power of attorney for health care (health care proxy) is not a part of your will. It is a separate document that authorizes someone you name to act in accordance with your medical intentions. It becomes effective only when you cannot express your wishes yourself. You should make sure that all your doctors have a signed copy.
WHAT IS A FINANCIAL DURABLE POWER OF ATTORNEY?
A financial durable power of attorney is not a part of your will. It is a separate document that authorizes someone you name to act in accordance with your financial intentions. It becomes effective only when you cannot express your wishes yourself. You should make sure that all your financial professionals (stockbrokers, accountants, financial planners) and banks have a signed copy.
PLAN AHEAD
The end of your life is something you probably don't want to dwell on, but thinking about what will happen to your loved ones and your assets and personal possessions is important. Making sure you've done all you can to make their lives easier will give you peace of mind. And once your will is drafted, you won't have to think about it ag
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