![]() ![]() If you prefer your property to be handled according to your wish after your death, you need to write a Will. The author of the document is commonly defined as the Grantor or also Testator, while parties receiving the person’s estate are referred to as Beneficiaries or Heirs. ![]() This is to make sure that whatever will you left will keep your family or beneficiaries safe from any unfortunate circumstances.A Last Will and Testament is a legal document outlining how an individual’s assets shall be managed after their demise. For an unmarried daughter, they may only get to touch their inheritance the moment they get married (this is applicable to some family traditions and countries), or a guardian is not allowed to take any part of the inheritance from the children unknowingly illegally. One, if there are minor children involved in the process, you may state that they can only inherit their will if they reach the age of maturity. Terms and conditions in a living will and testament may vary depending on the decision of the testator. This will also ensure you that there will be less resistance to the will as everyone gets what they deserve. As the testator, no one gets to complain about who gets whom, but it would be best to give out your assets according to their needs. For example, you can give your small business of a restaurant or coffee shop to a daughter, the house and lot to your spouse, monetary assets to your son, and company shares to your brother or sister. In the next part of your will and testament, you can now start subdividing your assets or properties among your heirs or beneficiaries. If you happen to be single and without immediate kin, as heirs to declare, you can choose to name your beneficiaries such as charity service organizations, close friends, or household helpers. The details must include vital information such as the date of the execution of the will, the name of the executor assigned by you, the declaration of heirs, and the name of guardians if you have minors as inheritors. It is also quite affordable and you can utilize it for a long time. The last will and testament template also has prewritten content that is fillable and editable, so you only need a few minutes to make changes to the document. With a template, you won’t have to make something from scratch, and of course, you can save more time. If you want to write a document without going through the hassle of research and going around for questions, then it is advisable to get a premade template. Here are some steps that you can utilize and follow when you decide to start writing your document. If you want to do research on the Internet for references, then that is totally fine, too. ![]() Is it your first time writing a last will and testament? If so, we recommend that you get the legal services of a lawyer first for a consultation or if there are questions that you want to be clarified. ![]() The testament, however, can also be subjected to revocation under special grounds and/or can be contested by other family members especially if they find its validity questionable. There are many types of wills such as notarial or that which was sworn in the presence of a notary public, unsolemn will wherein no executors are named, and the mutual will which is made by two persons, preferably spouses, in favor of each other. Download What Is a Last Will and Testament?Ī last will and testament is a legal document that states a testator’s wish in regards to the distribution of their money, assets, business, and properties. ![]()
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