Archives: 2007 August

No. Life insurance is only one kind of property, which a person may own.  If a life insurance policy is payable to an individual, the will of the insured has no effect on the proceeds.  If the policy is payable to the estate of the insured, the payment of the proceeds may be directed by […]

Users are expected to be aware of the security policies of the computers and networks which they access and to adhere to these policies. Users are individually accountable for their own actions and for all use of the resources assigned to them. The sharing of accounts, passwords, and other assigned resources is unauthorized.
A weakness in […]

Joint bank accounts and real property held in the names of both husband and wife with right of survivorship usually pass to the survivor by law and not by the terms of the deceased’s will.  There are many cases, however, in which it is not to your advantage to hold property in this manner. For […]

Do not set your password equal to your Username or any variation of your Username. Do not use a password consisting of all the same letter. Avoid passwords that would be easy to guess. Do not use your initials or first, middle, or last name or the name of any family member. Do not use […]

1. Looking for a home without being pre-approved. As a potential buyer competing for a property, you’ll have a better chance of getting your offer accepted by being as prepared as possible. Consider this hierarchy of preparedness:
o Neither pre-qualified nor pre-approved
o Pre-qualified
o Pre-approved
The benefits available at each level can be easily understood when viewed from the seller’s perspective. Imagine […]

It depends.  The guardianship provision is normally effective when both parents die at or about the same time.  As an example, if the husband’s will nominates his parents and the wife’s nominates her parents and both husband and wife die at or about the same time, then the court will have to decide who is […]

An executor is the person who will manage and settle your estate according to the will.  You should also consider naming a substitute executor in the event that the named executor is unable or unwilling to act as the executor of your estate.  By the wording of your will, you can require that your executor […]

Everyone who owns any real or personal property should have a will regardless of the present amount of his estate.  Your estate grows daily in value through the repayment of mortgages, appreciation of real estate, stocks and other securities, inheritances from relatives and other factors. Please see our Wills Forms section for more information.

Your legal residence is the state in which you have your true, fixed and permanent home and to which, if you are temporarily absent, you intend to return. Voting, paying taxes, owning property, motor vehicle registration and so on, are some indicators of one’s legal resident of some state.  You cannot be a citizen at […]

A properly drawn and executed will remains valid until it is changed or revoked.  However, changes in circumstances after a will has been made, such as tax laws, marriage, birth of children or even a substantial change in the nature or amount of a person’s estate, can affect whether your will is still adequate or […]