May 2012 Archives

May 16, 2012

Last Will

Preparing a last Will is necessary with every kind of estate planning. Regardless of if estates pass through probate or are protected by a trust, a Will is needed to provide directives. It is used to appoint a personal representative and name the individuals entitled to personal possessions.

The last Will is very helpful to personal representatives. It supplies information about estate planning strategies taken prior to death and identifies the property each heir and beneficiary should receive.

There are various kinds of Wills. The kind a person needs depends on their lifestyle and the type of assets owned. As an example, people with young children have different requirements than those who have grown children or none at all.

Continue reading "Last Will"