A Will is a document under which a Willmaker states his or her intentions regarding the persons or organizations ("Beneficiaries") who will receive the Willmaker's property, and the person or organization ("Executor") who will carry out the Willmaker's wishes. This Will is appropriate for a person who is remarried and has minor children from a prior marriage. A Willmaker can also provide for minor children from a current marriage in this Will. This Will continues to be appropriate after the minor children become adults. If, at death, your estate (including life insurance proceeds) is expected to be larger than the federal estate tax applicable exclusion amount ($3,500,000), it may be desirable to use more complete estate planning techniques that are not provided by this Will. For such cases, this Will can be used to prepare for working with a lawyer who can assist you with the preparation of a more complex will. Note: A separate will should be created for each person. Even for married couples, a "joint will" (not offered by this program) is not recommended. |