Last Will and Testament

A Last Will and Testament is one of the most important legal documents a person can sign during his or her lifetime. Everyone should have a Will, even if the individual has relatively few assets. A Will does not need to be complicated and it gives you full control over your estate. It addresses issues such as:

• Who will manage your estate upon your death
• Who will inherit your assets
• Who will inherit assets if your primary beneficiary or beneficiaries die after you sign your Will but before you die
• At what age beneficiaries are entitled to assets
• Who will your minor children live with
• Other issues relating to the management and distribution of your estate.

Without a Will, the laws of your state decide who your beneficiaries are and how and when your assets will be distributed. Without a Will, the laws of your state also decide who is able to serve as the estate representative.