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Last Will And Testament Considerations  by: Ivon T. Hughes Interest in a Last Will and Testament and other end of life planning documents skyrocketed during the coverage of Terri Schiavo's case, but interest didn't always lead to action. It isn't that people laugh at the importance of preparing for the unexpected; they blame procrastination and laziness. DO YOU HAVE A LAST WILL AND TESTAMENT? Out of half a dozen randomly selected people interviewed, none had a Living Will, and only one had a Last Will and Testament, though every person said they believed the documents are essential. All said they believed that proper tax planning in Wills can save one's heirs certain estate taxes. ESTATE PLANNING STARTS WITH A LAST WILL AND TESTAMENT People believe in the importance of estate planning because of dependents and not wanting to be hooked up on a machine at the end of life. However while some call lawyers or buy a Last Will and Testament kit, not all people get around to signing them. Only one person interviewed had completed estate planning documents. With a power of attorney, which names a friend or relative to manage your finances if you become incompetent, you may also have a health care proxy. A health care proxy is the same thing as a power of attorney, except it applies to medical conditions instead of financial ones. People trying to figure out what you would want can lead to some big arguments and family quarrels. There should be no questions about what you wanted. About The Author Ivon T. Hughes of The Hughes Trustco Group is a licensed Insurance Broker. Author of The Life Insurance Handbook. Get a FREE Copy TODAY! Email: info@trustco.ca Web: http://www.hughestrustco.com This article was posted on October 10, 2005 Read More Articles from the "Legal" Category: Investing In China: Hiring, Firing And Labor Law by David Carnes Business Entities – Filings With The State by Richard A. Chapo Get a Prenuptial Agreement before Your Next Marriage by Jeffrey Broobin Publication Of All-party Parliamentary Inquiry Report Into Epilepsy Services by Laurence Vick You Think You Are About To Be Arrested… Now What? by Tony Merlino Roe v. Wade by 4LawSchool.com If Your Case Gets Denied by Paul Hood How To Build Your Law Practice With Dignity by Trey Ryder Child Custody Agreement and Taxes by Jean Mahserjian Child Support in the Arizona Family Court: How Do Social Security Benefits Affect Calculations? by Trent R. Wilcox, Esq. << Back to "Legal" Index

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