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What is a Last Will & Testament?

  • By Antonlegal 6 January, 2014 no comments.

What is a Last Will & Testament?

A will, sometimes referred to as a Last Will & Testament, is a legal document that declares how an estate or property will be managed after one’s death. While it may not be the most pleasant subject to consider, but the preparation of a Last Will & Testament is an important step to take if you’d like to ensure that your wishes will be carried out in the event that anything should happen.

If you have children, it may be particularly important to you to ensure that your Will sets out how your children will be provided for. Generally speaking, a Last Will & Testament should include information relating to paying debt, making charitable contributions and the allocation of assets and property to beneficiaries. It should also name an executor, a person who will be responsible for carrying out the terms of the Will. A Last Will & Testament may need to be updated at various times, in the event of divorce, the birth of a new child, the death of a spouse or a significant change in assets or property.

Here are the few simple steps involved in creating a Last Will & Testament.

  1. Decide what property to include in your will. …
  2. Decide who will inherit your property. …
  3. Choose an executor to handle your estate. …
  4. Choose a guardian for your children. …
  5. Choose someone to manage children’s property. …
  6. Make your will.
  7. Sign your will in front of two witnesses.
  8. Make sure that your signature in notarized

If you’re interested in obtaining more information about the preparation of a Last Will & Testament, or to meet with one of our attorneys to have a broader discussion regarding estate planning please contact Antonoplos & Associates at 202-803-5676 or on the web at www.Antonlegal.com.

 

To Download a Will Preparation Questionnaire Click Here

 

 

 

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