Examples of Legal Wills

By Beverly Bird

Most people do not have wills. They may not think it’s necessary or worth the expense. However, several legal options exist, allowing you to state unequivocally who you want to oversee the transfer of your assets when you die, who you want to receive those assets, and who you want to care for your children. Some of them do not involve significant cost; others cement your intentions so there's little or no chance you'll be misunderstood.

Wills Connected to Trusts

Some individuals do have basic wills in place, but use additional documents to correct oversights or as a safeguard. For example, someone who established a revocable trust to hold his assets during his lifetime might use a pour-over will to address any assets he neglected to transfer to the trust. A pour-over will sends these assets, the “residue” of his estate, into his trust at his death. A testamentary trust will creates one or more trusts at his death and moves his assets into it. Both afford the option of distributing assets to heirs on a regulated basis rather than in a windfall. Neither will bypasses probate, however. Assets would have to pass through the probate process in order to move to the trusts.

Emergency Wills

The 65 percent of Americans who do not draft wills might find themselves in the position of knowing death is imminent and wishing they had done so. The laws in some states accommodate this eventuality. Nearly half of all states recognize holographic, or handwritten, wills. Some states require that witnesses sign a holographic will; others do not. In most jurisdictions, someone would have to attest that the handwriting and the signature are yours. A few states also accept nuncupative or oral wills. You can speak your dying wishes to someone, who is then responsible for committing them to writing on your behalf. Various states have different restrictions for accepting a nuncupative will as legal.

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Precautionary Wills

When a testator has reason to believe an heir will contest his will, he can take extra steps to make that more difficult. He can add an “in terrorem” clause to his will, stating that if a beneficiary files a will challenge, she loses everything — even the bequest she was given. Some people create conditional wills to ensure that if they die sinister deaths, the provisions are void. This prevents your assets from transferring to someone who might be responsible for your untimely death. Other testators create video wills, reading their provisions aloud on camera to prove their mental competence. A video will allows a testator to orally and visually explain his bequests, but most states do not usually accept one as a legal will on its own. It supports a written will.

Joint Wills

Married couples and domestic partners can intertwine their wills. In a joint will, each spouse or partner bequeaths his share of assets to the other. This has legal drawbacks, however. When one partner dies, the survivor is “stuck” with the joint will. He cannot supersede it with a new one if he remarries, except to cover assets not included in the first joint document. A mirror or reciprocal will operates in much the same way, but also provides for joint bequests to others if both partners die simultaneously. Unlike a joint will, if the partners don’t die together, the survivor has the option of writing a new will of his own to address and disburse the assets he inherited from the other.

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Joint Last Wills & Testaments


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Missouri Law on Last Wills

Writing a will means that you decide who acquires your property when you die. If you don’t make a will, you are said to be “intestate” and the state decides who is entitled to your estate. In Missouri, a person of sound mind who is at least 18 years of age, or an emancipated minor, may make a valid will. This person is commonly referred to as the “testator.”

Can a Last Will Be Revoked After a Person Dies?

Individual state statutes set the rules for making, revoking, and probating last wills and testaments. An individual who makes a will, called a testator, generally has the power to revoke a will during his lifetime. After death, revocation depends on factors such as whether the will was made jointly or by one person and what the terms of the will are.

Standard Will Vs. Living Will

Planning your estate may involve creating several documents to address your end-of-life care before you die and your property after you die. Two of these documents may be a will and living will. A will directs the distribution of your assets after you die and a living will directs your health care while you are alive.

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