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Most people know that they should have a will, but many don’t know what a will is and how it works.
A will, sometimes called a “last will and testament,” is a document that states your final wishes. It is read by a county court after your death, and the court makes sure that your final wishes are carried out.
What a Will DoesMost people use a will to leave instructions about what should happen to their property after they die. However, you can also use a will to
for more information:
http://www.nolo.com/legal-encyclopedia/what-is-will.html
Most people know that they should have a will, but many don’t know what a will is and how it works.
A will, sometimes called a “last will and testament,” is a document that states your final wishes. It is read by a county court after your death, and the court makes sure that your final wishes are carried out.
What a Will DoesMost people use a will to leave instructions about what should happen to their property after they die. However, you can also use a will to
- Name an executor.
- Name guardians for children and their property.
- Decide how debts and taxes will be paid.
- Provide for pets.
- Serve as a backup to a living trust.
- Put conditions on your gifts. (I give my house to Susan if she finishes college.)
- Leave instructions for final arrangements.
- Leave property for your pet.
- Make arrangements for money or property that will be left another way. (Property in a trust or property for which you’ve named a pay-on-death beneficiary.)
for more information:
http://www.nolo.com/legal-encyclopedia/what-is-will.html
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