Free Will Form
To ensure that your estate is handled the way
you want it to be, it's absolutely essential that you have
a last will and testament. This is a document that revokes
all previous wills, and to write one, you have to know your
state's laws. In almost all cases, the will writer has to
be at least eighteen years old, of sound mind, and making
the will without duress.
A formal last will and testament must be in writing, and
signed by the will maker and witnesses according to state
law. It's not a good idea to wait until tragedy strikes to
make a will- this is something that should be done when times
are good. Failing to have a last will and testament can mean
a long proceeding in probate court as a judge sorts out your
estate. You can make a will as often as you would like, but
the one you want to use should be deemed your "last will".
In the event you want to make changes to your last will and
testament, you will have to file a legal document called a
codicil.
A last will and testament will show if the will maker is
married, and if they have any children. For a married person,
the will should list the spouse's name and that of their children.
To provide for the payment of final expenses, debts and estate
taxes, the will can specify an executor (a person responsible
for payments).
As we mentioned, a last will and testament will state how
the estate is to be handled. Most wills include a list of
people in order of succession. If the first person on the
list doesn't survive the will maker, the estate goes to the
next person in line. Wills can also provide for the disposition
of specific assets or possessions.
In some cases, there are provisions for those who would contest
the last will- they can be kept from getting any gains from
the estate. When the will is drawn up the way you want it
to be, you can either have an estate lawyer review it, or
you can sign it and have it witnessed. It doesn't matter how
large or small your estate is- it's always a good idea for
an adult to have a last will and testament.
Download here, it's free:
LAST
WILL AND TESTAMENT - Version 1
LAST
WILL AND TESTAMENT - Version 2
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