A simple will is a very basic will, but it can generally meet all of your needs efficiently and effectively.
For many people, a simple will is a cornerstone of estate planning.
A basic will should have enough information to make it obvious that you intend this document to be your last will and testament. The names of the beneficiaries should also be included within the will. Furthermore, the name of the person who will execute your wishes should also be clearly outlined as well as the backup executor. Make sure that the people you are naming are aware of the decisions you are making. You’ll also want to make sure that they fit any requirements for serving as executor. There are several disqualifiers for executorship, so investigate your options prior to naming these individuals. Your will should also detail how you’d like the care of your children to be managed. The will should also detail how you want your assets distributed. READ MORE