Wills
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Wills are basic to estate planning; yet most Americans don't have one. Although they are formal and public documents, Wills also are very personal and provide the details about the size and distribution of your estate.
Writing a Will doesn't have to be complicated or expensive. When it's done, you can rest easier knowing that your wishes will be followed after your death.
You can write your own Will. However, most experts agree that using a lawyer who specializes in Wills and estates is smart; it's essential for those with more complicated estate issues to address. A simple Will typically includes:
- Provision for payment of outstanding debts and expenses.
- Appointment of an executor.
- Bequests to specific beneficiaries.
- Transfer of the estate to the surviving spouse, children or other heirs.
- Appointment of a guardian for minor children, if necessary.
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