| The most important reason why you probably want | | | | changes it's best just to write a new will. |
| to make a perfect last will and testament is because | | | | The main contents of the will are: |
| you want your loved ones to inherit your precious | | | | 1) Name and home address |
| wealth. You can also use a last will to determine | | | | 2) Short descriptions of your assets |
| whom the legal guardian(s) for your children will be. A | | | | 3) An alternative beneficiary in case the first one |
| tax efficient last will can help ensure your wealth is | | | | becomes deceased before you. |
| mainly transferred to your loved ones by allowing | | | | 4) Gifts to people |
| you to name an executor of your will. The executor | | | | 5) If desired, the cancellation of debts |
| will ensure the application of the will. | | | | 6) Name of the executor to manage your estate |
| There are a few basic things you should consider | | | | 7) Name of the guardian to look after your minor |
| while making your will. Make your will at a young age | | | | child(ren). |
| before your so old or become so senile that it could | | | | 8) Your signature |
| be argued you were too mentally incompetent to | | | | 9) And, the two witnesses signature's |
| execute your last will and testament. Also, remember | | | | Appointing a guardian is important if you have minor |
| to always date your last will since a newer last will | | | | children. If you do not appoint a guardian the state |
| always cancels out the older last will and testament. | | | | will appoint one for you and this can mean CPS (Child |
| Finally, its best to keep your last will as simple, | | | | Protective Services) in some cases. The guardian for |
| precise, and as easy to read/understand as possible. | | | | the minor must be over 18 years of age. The |
| Whomever the will is for (the "testator") must sign | | | | guardian must also be previously consulted about |
| their last will and testament in the company of at | | | | your decision to appoint him/her as the guardian. |
| least two witnesses who are not beneficiaries of the | | | | An executor's job is to pay off taxmen, creditors, |
| will and can attest to it. Each page of the last will and | | | | cancel credit cards, subscriptions and distributes the |
| testament must be signed by the testator, | | | | testator's assets according to his/her will. The |
| numbered, and dated accordingly (any corrections | | | | executor can be a spouse, a friend of yours, a family |
| must be countersigned). | | | | member, a trust company, or a lawyer. |
| It is best to keep the will in a safe place you and the | | | | You could start getting ready to write your will today |
| beneficiaries know about; typically this is a bank vault. | | | | by taking an inventory of your assets, and who |
| Any signed copies can be held by an advocate. | | | | receives them. Consider your family's future liabilities |
| Codicils can be attached to it and read out to make | | | | in the case of death, and decide for yourself if you |
| changes in the will. Although, if there are too many | | | | want to do the honorable act. |