A Will alone, no Will, and no Trust is like making a down payment on Probate!
A Will (Last Will and Testament) is a document that outlines what is to happen to your property.
- Name an Executor and alternate
- Name Guardians for minor children
- Decide how debts and taxes are paid
- Provide for loved pets
- Disown children
- Create a testamentary trust
A Will also acts as a backup for a living trust.