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Last Will and Testament

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Last Will and Testament

File Type: Word          Price: $9.99        

                                                                              

Summary: Protect your assets and your family with a Last Will and Testament. This document will appoint an executor of your estate, name a guardian for your children, provide for orderly distribution of your assets and gifts, and much more. Most people actually have more than they think and having a written Last Will and Testament makes the administration of your estate much easier.

 

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LAST WILL AND TESTAMENT

OF

[CLIENT’S NAME]

            I, [Client’s Name], of the County of _________ and the State of ________, being of sound and disposing mind and memory, do make and declare this instrument to be my Last Will and Testament, hereby expressly revoking all former Wills and Codicils made by me at any time heretofore, and intending hereby to dispose of all the property of whatever kind and wherever situated which I own, or in which I have any kind of interest at the time of my death.

I.

IDENTITY OF THE FAMILY

            At the time of the execution of this Will, I [am/am not] married and I have _____ children. My spouse is __________________(name of spouse).  All references in this Will to “my spouse” are to _________________(name of spouse).  All references in this Will to “any children” are to ___________________________, ___________________________, and to all children hereafter born to or adopted by me.

II.

PAYMENT OF EXPENSES

            I direct that all the expenses of my last illness, my funeral expenses, and my just personal debts, including any inheritance taxes, transfer taxes, and estate taxes that may be levied by the __(Country of Resident)__ Government or by any state/region by reason of my death, shall be paid by my Independent Executor out of the residue of my estate as soon as conveniently may be done; provided that my Independent Executor, in such Executor’s sole discretion, may distribute from time to time any real or personal property in my estate that at my death is subject to a lien securing an indebtedness upon it without discharging said indebtedness, if in my Independent Executor’s judgment, the condition of my estate so requires.  The distributee shall then be considered as having received my estate’s equity in the property.

III.

DISPOSITION OF ESTATE

            A.  I give, devise and bequeath all of my estate of whatsoever kind and wheresoever situated as follows:  I leave all of my property, both real and personal, tangible and intangible, to [Name 1].  If [Name 1] should fail to survive me, I leave all of my property, both real and personal, tangible and intangible, to [Name 2].  If [Name 2] should likewise fail to survive me, I leave all of my property, both real and personal, tangible and intangible, to [Name 3].

            B. I may provide instructions in a Letter to my Independent Executor as to the disposition of some of my personal and household effects.  While I hope that the beneficiary named above will abide by my wishes as expressed in the Letter, it is merely an expression of my wishes and is not intended to alter the absolute nature of any  

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