A will isn’t just a legal document. It is a document that should reflect your values and how you want your legacy to be remembered and passed down among your heirs and beneficiaries. Your will is a legal document by which you designate the persons who will receive the assets you own. A will is also the instrument used to appoint legal guardians for your minor children. You should ensure that your final wishes are made clear. If you already have a will, it is a good idea to review it periodically to verify that it accomplishes your goals. A will must be executed in the presence of two witnesses and acknowledged by a notary public. A will properly implemented in one state will be valid in any other state in which death may occur. A will does not avoid the expense, delay and publicity of a probate proceeding, nor does it help to reduce estate tax costs or protect your assets from the costs associated with long term care. This is why a trust is usually recommended in addition to a will.
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