A Will (Last Will and Testament) is considered to be a legal document that an individual has drafted that dictates how they want their estate is to be managed and distributed after their death. A Will is a written document which allows you to name guardians for your dependent children. A Will allows you to name the executor (male) or executrix (female), that will be in charge of all of your estates needs. Without a valid Will in place, the courts can and will decide what happens to your wealth and who is ultimately responsible for your dependents.. When you decide on an executor or executrix, you should pick one that you completely trust with your afterlife affairs. You will also need to let this individual(s) know exactly how you want your estate distributed. Filing your tax returns, and taking care of any debts that are owed to creditors are also tasks that your representatives will be responsible for.
Having a Will is in place when you die is important. One advantage of having a Will in place is it means and individual(s) and not the State decides how your estate will be distributed. A Will can provide peace of mind for both you and your family and friends because you are ensuring that the people you love are provided for when you are gone. A Will can allow you to leave items of sentimental value to whomever you choose. Depending on the value of your estate, their may be some other planning that along with your Will may be necessary to prevent your estate from being attacked or contested. Some other advantages of having a Will in place is you may appoint guardians for your dependents and pets, and you can decide who is going to administer your affairs in regards to your Will. You can also specify your wishes for your funeral as part of your "final disposition document. These are just a few considerations when deciding to ensure a Will is in place when you die. You can contact an estate planner to find out what particular advantages may be best for you and your loved ones.