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What does a will usually contain?
Some typical provisions of a Last Will and Testament include:
(1) name of the testator (your name)
(2) name of the testator's spouse and date of marriage, if any
(3) name of all of the testator's children (and how foster and stepchildren are to be treated), if any
(4) revocation of all prior Wills
(5) special gifts, if any
(6) distribution instructions for the remainder of the estate after payment of just debts, taxes and expenses incurred in administration of the estate
(7) nomination of the Personal Representative and alternates
(8) powers that are to be given the Personal Representative (often defined as those provided under state statute),
(9) designation of a guardian for minor children and alternate guardians if the original guardian is unable to serve, and
(10) waiver of the surety bond requirement.
This list is not entirely complete, and the provisions you may or may not have in your own Will will depend upon your individual situation. |
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