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Showing posts with label will. Show all posts
Showing posts with label will. Show all posts

Wednesday, July 31, 2013

SHOULD I USE ONLINE LEGAL FORMS?









I think everyone should use a qualified lawyer for every legal decision in their lives, without exception.


The idea of my dear readers walking through their day without an attorney there to point out all of the little legal potholes of life is terrifying!



However, I started this blog because I know lawyers are expensive (law school is expensive, malpractice insurance is expensive, running an office is expensive, mandatory continuing legal eduction is expensive) and you need, you deserve inexpensive access to law. (I also think you deserve inexpensive access to medicine but, really, what do I know, I’m just some liberal from California who should probably be charging more for her services.)

Friday, July 26, 2013

WHAT DOES “PER STIRPES” MEAN AND WHY IS IT IN MY WILL?

You find the words “per stirpes” in a paragraph that goes something like this, “I leave my grand piano to my dearest cousin Herbie Jazz. If Herbie doesn’t survive me then to his decedents per stripes.”  “Per stirpes” is a Latin word meaning to take “by representation” or “by class.”

Basically, if the named beneficiary (Herbie) dies before the testator (the person who’s Will it is), then all of the living people who are closest in relationship to Herbie, basically his children, will take “by representation” what their deceased parent would have taken, and if any of those children pre-decease the testator, their children will take by representation what their deceased parent would have taken and so it goes down the line.

Saturday, July 20, 2013

WHAT IS PROBATE?

In the most simplest terms, probate is a court-supervised process for transferring a deceased person’s assets to the beneficiaries listed in his or her will. Typically, the executor named in your will would start the process after your death by filing a petition in court and seeking appointment. Your executor would then take charge of your assets, pay your debts and, after receiving court approval, distribute the rest of your estate to your beneficiaries. If you were to die intestate (that is, without a will), a relative or other interested person could start the process. In such an instance, the court would appoint an administrator to handle your estate. “Personal representative" is another term used to describe the administrator or executor appointed to handle an estate.


Simpler procedures are available for transferring property to a spouse or for handling very small estates.

Saturday, July 6, 2013

Does signing on an iPad count as a legal signature?

With technology changing at such a rapid pace, the question of what makes for a valid signature is really getting interesting. If you can sign a little screen at the grocery store then can you sign a contract on your iPad? In a word: yes.






In most states, if a court finds that your signature was intended by you to be valid it really doesn’t matter what form it took (e-signature, a scribbled “x”, a signature that someone signed on your behalf with your permission). This is because signatures in our country are generally judged on the signatory’s intention when she signed rather than the modality of the signature. It is also related to the fact that in the U.S. many types of agreements do not technically require any writing at all to be valid (but see here for my post on what types of contracts do need to be in writing and why the rest of them should be).






There are two major exceptions to this rather lackadaisical approach to signatures. The first is by agreement: people and businesses can contract to accept certain methods of signatures in their business relations. You could, for example contract to only accept “wet” signatures that are handwritten with a pen or to accept faxed signatures as originals. Because of this freedom to agree about what constitutes a valid signature, the many different companies you interact with may have different rules that you agreed to (I know you read every riveting page of that agreement with Visa you signed when you got your credit card).






The second major exception to the general rule of “it’s valid because it was meant to be valid,” is when a specific statute in your state says that certain types of agreements or documents have to have a witnessed, acknowledged, sworn under penalty of perjury, and/or wet signature. In many states, for example, the signature on a will must be witnessed by two people. The signature doesn’t have to be fancy, with certain exceptions an X will do, and the person (called a “Testator”) doesn’t even have to write the signature themselves (though, unless there is a Court order, they must at least be directing the writer to sign on their behalf), but two witnesses must witness someone actually signing and rules are rules— the signature isn’t valid otherwise.






But can the Testator and her witnesses sign on the a iPad? Funny you should ask. (Well, you didn’t really ask, but far be it from me to let truth get in the way when I’m attempting a pithy segue.) Recently, in Ohio, a judge ruled that a will written on a Samsung Galaxy tablet computer, because no paper was available, was valid. I don’t know of a similar ruling anywhere in California, but it’s bound to happen if it hasn’t already, as electronic signatures are becoming the norm in every other aspect of our lives. For now though, I would stick with a wet signature for such an important document.





For more information on what constitutes a valid electronic signature see the Uniform Electronic Transactions Act. Here are the cliff notes: under UETA, the term means “an electronic sound, symbol, or process, attached to or logically associated with a record and executed or adopted by a person with the intent to sign the record.” If that sounds pretty broad, it is. Also, just to save you the research time, I will let you know that is the same definition adopted by the U.S. ESign Act of 2000, which has been adopted in every state except New York, Washington State, and Illinois (and each of those states have their own electronic signatures statute). So, yeah, basically if you signed the contract on an iPad, you’re stuck with it.

Wednesday, June 26, 2013

DO I REALLY NEED ESTATE PLANNING IF I’M HAPPY TO LEAVE EVERYTHING TO MY SPOUSE AND CHILDREN?



State law provides a set of rules that apply when someone dies without a Will. In California, when a married person dies without a Will their “community property” (marital assets) will go to their spouse and their “separate property” (assets that belong to only them) will be divided 1/2 to their spouse and 1/2 to the child (2/3 to the children if there are more than one). Sounds great right? Who needs to write up a Will, or even worse, pay a lawyer thousands of dollars to do an “estate plan” when they’re happy enough to have the default apply?


Well, my friends, the devil is in the details with this one and when I mean details, I mean YOUR details. Your details may be pretty today. Let’s say (just for kicks) that you’re the "typical" American family: 2 healthy married adults madly in love, 2.5 cute kids with no disabilities (for now we’re going to say that your son’s unquenchable potty mouth is not early onset tourettes), a house with a white picket fence and no termites, and some big, fluffy, friendly-type dog that doesn’t shed but might lick you to death. Sound like you so far?

Friday, June 21, 2013

Who will know your password after you’re dead?

Should you put your internet passwords in your will?  No.  Your internet passwords do not go into your will, however, you do need to list them out on a paper that you keep near your will and other estate documents so the person who administers your estate can easily access your online accounts.  Here is a great article on the topic from the New York Times:


BOB GINSBERG, a retired production manager for an educational publisher, is worried that he does not know any of the logins and passwords for online accounts belonging to his partner or brother and they do not know his.  At 72, he said his concern was not about Facebook or e-mail. It was for their financial lives, which have migrated online, making paper account statements anachronistic. Now, when people die without disclosing their financial affairs to anyone, there is often no paper trail for heirs to follow. Full Story
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