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Family Law: Important Things to Consider When Writing a Will You last will and testament is a legal document that sets out the directions of the drafter on how your properties will be distributed after death. A last will may come in oral statement or handwritten form, whereas a living will refer to a legal document describing the preferences of the drafter when deciding on medical treatment in the event he is unable to tell or communicate his wishes due to sickness or injury. A simple will follows the state’s legal requirements of the state in which the will is drafted, including signatures and witnesses. A simple will consists of an introduction and declaration wherein the drafter is identified, and his intention to make the last will and testament is stated, including a bequest clause stating how the property must be distributed, and a residuary clause disposing of any leftover assets. When it comes to the complex will, it includes all provisions found in a simple will, and the establishment of the directions or trusts for the estate for a business to continue operating as well as collection of debts owed to the testator. A complex and more detailed last will and testament is needed where a divorce or prenuptial agreement impact the will’s terms, or where the real estate is large to warrant property distribution and estate taxes. When creating a will, it is important to consider important things such as your debts, assets, beneficiaries, executors, and guardians, and special circumstances. You have to list all your debts to others such as mortgages, credit cards, car loans, equity loans, student loans, medical bills, and personal debts. It is also important to list all of your assets such as bank and investment accounts, real estate, retirement accounts, and valuable personal property such as musical instrument, artwork, antiques, and firearm collections. For your beneficiaries, it includes not only your immediate family but you can also include relatives, friends, and organizations or institutions that you like to support. For the executor of you will, it can be a family member, a trusted business person or banker. Indicate the name of the guardian of your minor children. For the special circumstances, they may include naming the new CEO of your company to replace your position, who will take care of your child with special needs, exclusion of a child or grandchild from a will, and any arrangement for the care of your pets or livestock.Lessons Learned from Years with Attorneys

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