A Last Will & Testament is a legal document found in all Estate Plans. Your Last Will and Testament will provide all of the essential details of who will get what and when they will get it after you die.
In your Last Will and Testament you will state who you want to be in charge of making sure that your Estate is distributed as you desired. This person is called the Executor/Executrix or Personal Representative.
Your Last Will and Testament will designate the powers your agent will have, who you want to inherit your property, and how that property is to be transferred to your beneficiaries.
If you have minor or disabled children, your Last Will and Testament will also nominate a Guardian, of your choosing, for their care.
The administration of your Last Will and Testament will be Court supervised through the Probate process.
A recent study found that 58% of American adults do not even have a Last Will and Testament prepared – the most basic component of an Estate Plan! Why would you allow the laws of the state and the decisions of a probate court to determine how your Estate is distributed and who will care for your children if they are minors?
Be one of the few that has the peace of mind of knowing that your family can move forward without the added stress and confusion of trying to figure out what they think you may have wanted. A death is already a highly emotional time; there is no need to make added stress for the loved ones you leave behind. Protect yourself and your family by getting your affairs in order.