What is a Last Will and Testament?
A last will and testament is a legal document that declares how an estate or property will be managed after the writer’s death. Although it is not the most pleasant subject to approach, it is essential for people to draft a will to ensure that their assets are handled in a satisfying way.
For those with minor children, it is crucial to declare who will be appointed as guardians over your children and how property or money will be used to provide for these children.
For those with investments or accumulated savings, it is important to state the name a responsible party who will manage these funds. For those who want to provide for their loved ones after death, a will is a most necessary document.