The term “last will and testament” can be an intimidating one, but it doesn’t have to be. This legal document simply outlines an individual’s estate plan and how he/she wishes to have it distributed upon his/her death. It is an essential document for anyone looking to make sure their wishes are carried out long after they are no longer here, and it covers a variety of items that are of great importance to them.
The Basics of a Last Will and Testament
A last will and testament includes a variety of provisions including who will receive the deceased’s assets, when they will receive it, and how they will receive it. It can also include specific instructions related to how the deceased’s debts, taxes, and any extra expenses, such as funeral costs, will be handled. Additionally, it will designate a guardian for any minor children the deceased may have had. Finally, it will name an executor who will be responsible for carrying out the wishes of the deceased as set out in the document.
A Last Will and Testament Is Not Just a Legal Document
In addition to directing the distribution of the deceased’s estate, a last will and testament can also be used to convey one’s last wishes and sentimental values. It can include specific instructions related to the deceased’s funeral or memorial service, as well as any gifts or messages they want to leave behind. A last will and testament can also specify any charitable donations that the deceased wishes to make.
Creating a Last Will and Testament
Though it is possible to create your last will and testament yourself, it is recommended that you enlist the help of a qualified attorney to make sure that your document is legally valid and that all applicable laws are followed. Though the thought of creating a last will and testament can be daunting, doing so is essential for those looking to ensure that their last wishes will be respected after they pass away.