Last Will and Testament

Your Will is one of the most important documents in your estate planning portfolio. It gives instructions to your loved ones on how you want your assets distributed and debts settled after you die. We also ensure that your Will is reviewed periodically to determine whether any revisions are necessary, especially after significant life events such as marriage, divorce, or the loss of a spouse. Your Will also designates:

  • Your personal representative or executor. This is the person who is responsible for carrying out the instructions outlined in your Will.
  • Beneficiaries for specific property. You will give a detailed explanation of is to receive your assets, including cash, real estate, and personal property.
  • Alternate beneficiaries. It is prudent to name back-up beneficiaries in the event the original beneficiaries predecease you, disclaims their inheritance, or is otherwise unable to inherit.
  • Allocation of business assets. If you are a business owner, you will want to establish a succession plan for the business or for its dissolution.
  • Payment of debts and taxes. It is wise to lease instructions for the expenses your loved ones will incur upon your death, such as funeral expenses, probate costs, and unpaid debts.
  • Pets. If you have a pet, you can name a caretaker for your beloved animal.