Why Should You Have a Last Will and Testament?

A will can help accomplish many things,  including naming executors, explaining how family heirlooms and other property should be distributed,  and naming guardians for your minor children.   A will should be part of a comprehensive estate plan, but it is a good place to start.  Here are some basic steps to get you started in making a simple will:

1.  Choose what property will be in your will — First, create a list of your assets.  Then decide what will pass through your estate after you pass away.
2.  Determine who will inherit your property — also consider alternate beneficiaries in case your primary choices do not survive you.
3.  Choose your executor — An executor is the person you name to carry out the instructions of your will.  Consider a potential alternate in the event that the first choice cannot serve.
4.  Choose a guardian — If you have children under the age of 18, you should name a guardian — someone you trust to look after your children.

This information will be needed to create a simple last will and testament.

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