Wyoming Agreement to Devise or Bequeath Property to a Person Performing the Personal Services of Lifetime Care for a Future Testator

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US-0661BG
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This form is an agreement to bequeath property to a person for performing lifetime care to a future testator at the personal residence of the promisee.
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FAQ

An heir is defined as an individual who is legally entitled to inherit some or all of the estate of another person who dies intestate, which means the deceased person failed to establish a legal last will and testament during their living years.

Related Content. The rest of a deceased person's estate which is left after the payment of specific gifts, debts, funeral expenses and inheritance tax.

A residuary estate, in the law of wills, is any portion of the testator's estate that is not specifically devised to someone in the will, or any property that is part of such a specific devise that fails. It is also known as a residual estate or simply residue.

A bequest is property given by will. Historically, the term bequest was used for personal property given by will and deviser for real property. Today, the two words are used interchangeably. The word bequeath is a verb form for the act of making a bequest.

Your heir/s is the person/s who inherits the residue of your estate. The residue is whatever assets are left after all your debts, the costs of administration and the legacies have been distributed.

In law, we confer on individuals the right to affect what happens once they are dead, and in particular the right to bequeath their property. Moreover, many would argue that such a legal right is grounded in a moral right.

Residuary Gifts - The residue is what is left after any specific or pecuniary gifts have been made from the estate and all expenses and taxes have been paid. A residuary gift is usually a share in the residue. The gift may be on trust (i.e. have conditions attached) or absolute.

Legacy, also called Bequest, in law, generally a gift of property by will or testament. The term is used to denote the disposition of either personal or real property in the event of death.

'Estate' is the collective term for everything that someone owned on the date that they passed away. The residue of the Estate is what's left after all liabilities (debts), expenses, gifts and administration fees have been paid.

Beneficiary: Someone named in a legal document to inherit money or other property. Wills, trusts, and insurance policies commonly name beneficiaries; beneficiaries can also be named for "payable-on-death" accounts. Bequeath: To leave property at one's death; another word for "give."

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Wyoming Agreement to Devise or Bequeath Property to a Person Performing the Personal Services of Lifetime Care for a Future Testator