Derrick recently got married and has a small child. for the first time in his life, he worries about what will happen to his home and his other property after he dies. he also wants to make sure his child is taken care of if he dies. what should derrick prepare?

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03-08-2022
Business

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Derrick recently got married and has a small child. for the first time in his life, he worries about what will happen to his home and his other property after he dies. he also wants to make sure his child is taken care of if he dies. what should derrick prepare?

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achulaksh achulaksh · Answer 1 · 2022-08-08T09:09:57+02:00

A will / testament is a legally binding document that expresses the person desires as to how they would want to use or distribute their belongings after their death and also that occurred after to their belongings. As to which persons is responsible for handling their property.

What is Legally binding contracts??

Legally binding agreements are agreements made between two or more parties that are enforceable by law and are valid according to national and state contract laws. Because a agreement is legally binding, all parties must follow the words and do what the contract says they should.
A “binding contract” is any contract that's legally enforceable. That means if you sign a binding contract and don't meet your end of the bargain, the other party can bring you to court.

Complete question is given below,

A. a will

B. a power of attorney

C. a health insurance policy

D. a consideration

To learn more about Legally binding contracts, refer

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