When you make a last will and testament, you are dictating what is going to happen to your estate, which may consist of cash, bank accounts, valuables, personal items, real estate, and other property and belongings. It is possible to state what is to happen to those items and who is to receive them with last will and testament templates.
However, if you have a complicated estate, or it is large enough to require considerable estate taxes and costs to be involved, then it is probably a good idea to have an attorney draw up the will. On the other hand if your estate is fairly simple and uncomplicated, you can use last will and testament templates which will save you a lot of money all while still being a legal document.
Last will and testament templates are available from a variety of sources, such as commercial enterprises who will sell you a copy that pertains to your state, and all you have to do is fill in the blanks. The copy will be perfectly legal and will have the proper language and places for signatures where they are needed in accordance to your state.
There are also quite a few sources for such documents online, some available for a fee, and some for free. Be sure to do your research and investigate the background of any organization that purports that their version is absolutely legal and that you can rely totally upon it for your last will and testament.
Choosing to utilize an already formatted and approved legal form from a reputable company takes a lot of the stress out of producing your will. However, if you’re still a bit worried you can use last will and testament templates to construct your will, and then hire an attorney to check it out and see if you have missed anything. The fee will most likely be less, but you will just have to see for yourself.
Obviously using a template to produce your will can save you legal fees, but as mentioned earlier if you have complex situations such as business interests, art objects that would need to be appraised, complex property interests, and possible estate taxes and expenses, you will probably be better off to have an attorney specializing in this type of law get involved, because there are strategies with trusts and gifting that can be very helpful.
Last will and testament templates can also help someone that is not sure how to go about producing a will think about those things that are important. They in fact can become a great guide for you as you go through the process so that your will is put together in an organized manner and it will be easily understood when you die. This alone should give you peace of mind.
As we know a will is for the sole purpose of deciding who gets your possessions upon your death. Without it your loved ones will be left with trying to decide how it should be divided up. This always leads to huge problems because of human nature. Why not eliminate all this very easily and without incurring a great deal of expenses by preparing a will. The good news is that these same templates can be used if you ever want or need to change your will at a later date.
Thank you and May God bless you!