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  • Essay / Essay on Will and Testament - 2072

    WHERE THERE IS A WILL….One of the most important and last decisions you make regarding your life, property and money is your last will and testament and your will. A will is a legal document that states your final wishes and how you want your estate and assets to be distributed after your death. A will is your final wish for how you want your personal belongings to be designed. This action is in truth your last statement made upon your death. A will tells your loved ones what to do with any real estate you may own, and how to separate and give away any personal property you own, such as clothing, jewelry, or furniture. A will can also include who you want to receive anything the law does not directly allow to inherit anything you want. Over the years, writing wills has been done in many creative and odd ways, some of which include backs of envelopes, restaurant placemats and recipe books. The execution of a will sometimes causes surprise and encourages you to take certain legal steps. Wills can also commit acts of kindness, appreciation, gratitude, and retribution. The ability, or right, to grant property through a will is not an inherent right, but rather a privilege permitted by law. Each state has its own laws that set out specific rules, regulations, and instructions regarding the disposition of property in the will. A testator can change or revoke their will at any time before their death. Due to the highly technical nature of inheritance laws and the fact that they differ so much from state to state, it is not recommended that someone make their own will. Ordinary people, lay people, are normally not clear about the rules that govern...... middle of paper ...... it is necessary for the parent to have a will to express their wishes and directions. Even adults without minor children can benefit from having a will. Having a will allows you to decide how to divide your own estate. Without a will, these decisions and your wishes don't matter. The State will decide how to divide your estate. Sometimes personal and sometimes valuable items from an estate are sold at auction to liquidate your assets. Keeping a will up to date is just as important as the original drafting. After a new marriage, the end of an unhappy marriage or childbirth are all things that can affect your will, even cancel it or make it easily revocable. A will is ambulatory, meaning it can be moved or changed at any time before death. As simple as it is to write and maintain a will, there is no reason why an adult should not have their own..