Wills
A Last Will and Testament is a written document designed to give detailed instructions as to what will happen upon the death of the person who wrote the “Will” called a Testator or Testatrix. The “Will” must be written but can be handwritten by the Testator. The primary purpose of the “Will” is to gift, give away, sell or otherwise transfer the worldly possessions of the Testator to those people or charitable organization named in the “Will”.
A personal representative called an Executor or Executrix should be named in the “Will” to carry out the intent of the instructions of the “Will”. The Executor legally steps into the shoes of the decedent. Performs any distribution of assets to heirs can begin the Executor must first pay all of the funeral expenses, debts of the decedent and taxes.
A Last Will and Testament is a must for everyone and can be prepared inexpensively.