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