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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 comes in handwritten or oral statement, while a living will refer to a legal document that describes the preferences of the drafter when it comes to decisions about medical treatment in the event that he is unable to say his wishes. A simple will pertains to a formal written document that follows a state’s legal requirements the state’s legal requirements of the state in which the will is drafted, including signatures and witnesses, that includes witnesses and signatures. 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. Create a list of all your assets for your family lawyer to help you prepare your will and testament including bank and investment accounts, real estate, retirement accounts, and valuable personal property such as musical instrument, artwork, antiques, and firearm collections. Your beneficiaries are not just your children or spouse, you can also leave something for your relatives, trusted friends, and organizations or institutions that you like to support. An executor of your last will and testament may be a family member who has knowledge about fiscal matters, a trusted business person or banker. If you have minor children, indicate the name of their guardian. 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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