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What is a Will

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A Will is used to specify last wishes, distribute property to beneficiaries, and name guardians for minor children. It is an important part of any estate plan and when a person dies without a Will, the State will ultimately make these critical decisions for you.

The Will is also commonly referred to as "The Last Will and Testament" which is a document created to be used upon the occasion of your death. The terms of the Will do not become enforceable until the make of the Will has passed away.

Regardless of you marital status or whether or not you have children, you need a Will.

A Will can be used to direct money or assets toward a charity or University. If you own a home or have a bank account, stocks or any other kind of property, you need a Will if you intend to have these assets transferred at your death pursuant to your wishes.

A valid Will names the person you choose to administer your affairs after you die.

Although most Americans believe they should have a Will, the American Bar Association reports that only 19% of American adults have a valid Will.

Don't wait until it is too late. Protect your loved ones now!

Having your Will prepared by an experienced will attorney and executed according to state guidelines is essential. Several steps are necessary for a Will to be legal.

• It should be in writing.

• It should be signed by the one creating the Will.

• It should be acknowledged to be the Will of the person who signs it.

• It should be dated.

 Kevin Pratt

Attorney at Law

http://www.legalcreation.com

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