What to Include in a Last Will & Testament

By Rob Jennings J.D.

While you will enjoy unlimited freedom to revise your last will and testament during the course of your lifetime, any mistakes you make will not become apparent until you are no longer alive to correct them. In order to provide an orderly administration of your estate for the benefit of your loved ones, your will should cover several key points.

While you will enjoy unlimited freedom to revise your last will and testament during the course of your lifetime, any mistakes you make will not become apparent until you are no longer alive to correct them. In order to provide an orderly administration of your estate for the benefit of your loved ones, your will should cover several key points.

Executor

An executor is an individual whom you appoint in the will to administer your estate. The executor is charged with satisfying valid claims against the estate using estate property, pursuing valid claims that constitute estate property and preserving assets for the benefit of your beneficiaries. The executor must also distribute estate property to your beneficiaries in accordance with the instructions in your will. Your executor can be any competent person of your choosing, but aim to select a financially stable person whom you trust and whose personal life circumstances will not prevent her from carrying out your last wishes. Family members, close friends and lawyers are frequent choices.

Protect your loved ones. Start My Estate Plan

Beneficiaries

If you die without leaving a will, the laws of intestate succession in your state will dictate who gets your property. When you write a will, you get to make that decision. Beneficiaries are those who will receive your assets after you die, subject to claims against the estate, and can be friends, family members, schools or charities. In setting forth your beneficiaries, be sure to include enough information so that their identity can be readily ascertained. State law may affect your ability to disinherit a spouse; if your will leaves her nothing or leaves her less than the share allotted her under the applicable statute, she may successfully challenge your will.

Children

While children are often beneficiaries under a will, the subject of minor children requires special attention. Name a guardian of the estate for property left to children who have not yet reached the age of majority, or place their share of your estate in a trust that you establish in the will. Name a trustee to manage the assets for their benefit. If possible, designate a legal guardian to take care of the children until they become adults. If you are divorced or separated, custody of your minor children will usually vest automatically in the other parent, who will take priority over any guardianship preference you express in a will.

Signatures

Be sure to sign the will in the presence of at least two witnesses, each of whom will sign attesting that they saw you sign that specific document, and have them provide addresses so that your executor can locate them, if necessary. Sign or initial each page and have your witnesses do the same. This will help defeat claims by a challenging party that one page or another was altered after your death.

Protect your loved ones. Start My Estate Plan
How to Prepare a Will

References

Related articles

How to Make My Own Will Free of Charge

Writing your own will is a process that does not need to cost money. If you have limited assets and straightforward child custody plans or no minor children, making your own will free of charge may be an option for you. If you have a complex financial portfolio or your children will require special care or financial arrangements, however, you may wish to speak to an experienced attorney in your state about the details of your will.

How To Create a Will In 3 Steps

A will directs how you would like your property distributed at your death. If you die without a will--referred to as dying intestate--your property will be distributed according to your state's laws. No state requires that wills be drafted by an attorney, so you may create your own will at home. Each state's laws are slightly different, and depending on your state, you may need to sign your will before witnesses.

How to Make Your Own Legal Will

It is not that hard to cook up a legal will. Take one testator, over the age of 18 and of sound mind. Add a good dose of testamentary intent, a variety of assets and one or more heirs, according to taste. Finish off with a couple of disinterested witnesses, signatures and dates. Let set at room temperature for as long as possible before serving. This recipe is likely to be please everywhere, but allow for minor adjustments among states.

LegalZoom. Legal help is here. Start Here. Wills. Trusts. Attorney help.

Related articles

How to Make Your Own Will Forms

A will is a document that tells a probate court how to distribute the assets of the person who wrote the will -- known ...

How to Write a Last Will & Testament

A testamentary will -- redundantly termed a "last will and testament" by lawyers -- is a document stating ...

Guidelines for Writing a Will

Your will is a document that explains how your property should be handled after your death. Preparing your will can be ...

How to Make a Will with Beneficiaries

A will is a legal document and special vocabulary applies to virtually every step of the drafting process. The document ...

Browse by category
Ready to Begin? GET STARTED