Estate Planning6 min readFebruary 22, 2026
Last Will and Testament Basics: Plan Your Legacy
Everyone needs a will. Here's what you should know about creating one.
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Last Will and Testament Basics
A will is a legal document that specifies how your assets should be distributed after death.
Why You Need a Will
- Control asset distribution
- Name guardians for children
- Minimize family disputes
- Reduce probate complications
- Support causes you care about
Key Components
Personal Information - Full legal name - Address - Declaration statement
Executor Person who manages your estate: - Pays debts - Distributes assets - Handles paperwork
Beneficiaries Who receives your assets: - Specific bequests - Residuary estate - Contingent beneficiaries
Guardianship For minor children: - Primary guardian - Alternate guardian
What Happens Without a Will
- Intestate succession - State decides distribution
- Court-appointed guardians - May not be your choice
- Family conflicts - Disputes over assets
- Longer probate - More complications
Making It Legal
- 1Be of sound mind
- 2Be 18+ (most states)
- 3Sign the document
- 4Have witnesses (usually 2)
- 5Consider notarization
Create Your Will
Start planning your legacy today.
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