Sunday, December 9, 2012

Last Will and Testament Template - Ensuring That Your Loved Ones Are Taken Care Of


When considering how to get your last will and testament drawn up you may have been told that any old piece of paper will do. This may be true in some states and in many cases, however it is important for you to keep in mind that if your will gets contested in any way the more legal your document looks the better the chances that it will hold up in court. While you do not need a lawyer it is important that you take the time to find a last will and testament template with which to make out your will if you want it to be taken seriously.

There are various laws in different states regarding wills so it is very important that you take the time to research the laws in your state before you set out to make your own will. There may be several steps you need to take, a certain way you need to make your will out, and you will need to have it witnessed in some way to make sure that it is uncontestable in a court of law. This is where a template can be very useful when making your will, you can use the template to get the general elements of a legal will but then you can edit it to reflect the laws in your state.

There are several elements that need to be in every will, you of course will need to identify yourself and your estate. This is important to ensure that people understand that it was actually you who wrote the will. A brief description of all of your general assets should be present, but this does not have to be overly specific, a description such as a home and its contents, monetary assets and life insurance will be sufficient.

You will need to name your beneficiaries and what is being left to them next, this is where you must be more specific because it is one the one part of the will that gets disputed the most. You should name alternate beneficiaries if something happens to the person named first, and you should also list any gifts, trusts or debt cancellations you wish to take place.

Finally you need to name an executor and address any issue of guardianship for your child, then sign your name and date it. There should also be a place for a witness to sign or notarize as well. By using a last will and testament template you can ensure that your document is as accurate and legal as possible and that there will be little chance of it being overturned in court.

Tips in Making a Family Tree for Your Estate Plan   Retirement Planning: It's About More Than Just Finances   Preparing and Writing Your Own Living Will   How to Include Your Pets in Your Estate Plan   



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