The Will

The will is the most basic part of every estate plan. By definition, it is a legal declaration of a person's wishes regarding the disposal and distribution of his or her estate after death. The will is the legal document drafted during your lifetime that addresses numerous issues:

• Final testimony of your Christian faith
• Property and asset distribution
• Naming a personal representative
• Naming a legal guardian for minors
• Reducing estate tax liability

In the absence of a will, the state will resort to a formula. A judge will name an executor, bond may have to be posted, the court will name a guardian for any minor children, and a formula will determine asset and property distribution.

Every state has different laws and regulations when it comes to the execution and validity of a will, and they are often strict. Be sure to retain a competent lawyer who is familiar with the laws of your state of residence to draft your will.

Information on this site is NOT intended for legal advice. See Disclaimer.

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