The Last Will and Testament is a basic need in estate planning. A Last Will and Testament outlines how assets should be distributed after your death. Your Last Will and Testament remain an important legal document and part of your Estate Planning that must meet certain requirements.
A Last Will “bequeaths” or gives your property to a person you name. When you write a will, you tell the world, “I am giving my jewelry to my granddaughter.” You let the world know who is going to inherit your possessions. Wills are filed in Probate Court.
For parents, a Last Will and Testament names a guardian for your minor children. Naming a guardian for minor children is essential for their well-being and your peace of mind. If you leave it to chance, your children could end up with the wrong guardians.