Finance: What is a Will?

What is a Will?

Written by John Mussi

Continued from page 1

If no executor is named in a will, a probate judge will appoint one. Probate refers to repparttar legal procedure for repparttar 137272 orderly distribution of property in a person's estate.

Responsibilities usually undertaken by an executor include:

Paying valid creditors

Paying taxes

Notifying companies and other agencies of repparttar 137273 death

Cancelling credit cards, magazine subscriptions etc.

Distributing assets according to repparttar 137274 will

Here are repparttar 137275 basic elements generally included in a will:

Your name and place of residence

A brief description of your assets

Names of spouse, children and other beneficiaries, such as charities or friends

Alternate beneficiaries, in repparttar 137276 event a beneficiary dies before you do

Specific gifts, such as a car or house

Establishment of trusts, if desired

Cancellation of debts owed to you, if desired

Name of an executor to manage repparttar 137277 estate

Your signature

Witnesses' signatures

You may freely reprint this article provided repparttar 137278 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.

Debt consolidation – More Options for Reducing Credit Card Costs

Written by Charles Essmeier

Continued from page 1
is a bit of time and diligence. Besides shopping around for repparttar

card with

best rate and doing a bit of debt consolidation to place all of your credit card debt on repparttar 137272

lowest interest card you own, you might also consider repparttar 137273

following:

Ask your lender to waive your annual fee. The competitive nature of repparttar 137274

credit card business means that your lender will often waive these fees just for repparttar 137275

asking. They would usually rather waive your fee rather than lose you as a customer. It costs nothing to ask. If they do waive repparttar 137276

fee, add

fee amount to your next payment.

Pay more than repparttar 137278

monthly minimum payment. The minimum payment may soon go to 4%, which may place many borrowers who currently pay only repparttar 137279

2% minimum in a bind. Get in repparttar 137280

habit of paying more each month, or pay your bill in full, if you can.

Did you get a large tax refund? Send it to your credit card company. Sure, it would be nice to spend it on a new TV, but if you spend it on a TV while carrying a balance on your credit card at 25%, you are effectively paying 25% interest on your TV.

Use your debit card instead of a credit card. They have repparttar 137281

same convenience and ease of use, but few of repparttar 137282

drawbacks.

Paying off repparttar 137283

national average of $8000 in credit card debt can take a lifetime if you only make repparttar 137284

minimum payments. That is a trap that you should make a concerted effort to avoid and by taking a few simple steps, you can keep your debt to a minimum.

©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a site devoted to debt consolidation and credit counseling, and HomeEquityHelp.net, a site devoted to information regarding home equity loans.

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