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Writer's pictureEthan Taylor

3 Important Topics On Estate Law

The global pandemic has brought everybody’s life to a halt. If you are pursuing your Law studies in the USA and stuck in your Australian homeland, there is no need to panic. You can run to the Help with Management Assignment or ask your experts of your region. They will help you with your law assignments. If you are stuck with law assignment topics, here are three estate law topics you can write about.

1. Wills vs. Living Trusts

It can be an exciting topic for your law assignment, says Help for Engineering Assignment. Wills and Living Trusts are two quite similar things, but the time they start to affect is different. A will transfers your property to the people and places you assign. An Executor you name in the Will must carry out your wishes and be a Guardian for your children. A Will takes effect after your death once it has been submitted to the probate court.

A living Trust, on the other hand, starts its effect immediately and continues through your lifetime. A person/s (Trustee/ Successor Trustees) carries out your instructions and takes over the ownership upon your death. However, you remain the Trustee of the wealth in your lifetime. Help with Dissertation experts highlight that a Living Trust can help reduce or avoid the expensive and lengthy probate.

2. Texas Probate Laws

In this topic, you must discuss the several factors that a court considers for validating your Will. Everybody knows that having a written will does not avert probate; the court validates it and even permits others to object to it.

An Accounting Assignment Help Australia highlights a few factors that a court considers for validating a will:

1. Is there an updated version of the Will?

2. Was the deceased mentally fit to make the Will?

3. Is the Will made of fraud, mistake, or undue influence?

4. Was the Will correctly attested?

5. Is the Will a forgery?

6. Can any preceding contracts make the Will invalid?

7. Are there other beneficiaries who can claim against the deceased’s estate?

Indeed, probate is not compulsory in Texas. Financial and other governmental institutions won’t release the deceased’s assets unless the court issues probate.

3. Payable on Death Property

It is another engaging topic of Estate Law. It states that accounts labeled Payable on Death automatically pass to the beneficiary without the need for probate. However, the beneficiary does not have any right to the account during the account owner’s lifetime. The transfer of ownership completes producing a death certificate to the financial institution.

Thus the three discussed topics can offer law assignments. However, if you need engineering assignment help, you won’t find it here.

Ref: https://git.bitmessage.org/marvindane/Blogs/issues/28

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