Free Will - Remarried with Adult Children

This Will is appropriate if you are remarried and have adult children from a prior marriage. It can also provide for adult children from your current marriage.

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How to create your Will - Remarried with Adult Children

 
 
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Reasons to Create

- You own property to be distributed after your death. This Will is not appropriate for estates larger than the federal estate tax exemption amount, which is $625,000 for 1998 and will increase to $1,000,000 by year 2006.
- You want to designate the persons or organizations that will receive your property after your death.
- You want to designate who will carry out the terms of the Will.
 

Before You Begin

Information you may need:
- The name and address of the person who is creating the Will.
- The names and addresses of the Beneficiaries, the persons and/or organizations who will receive the property.
- The name and address of the Executor, the person or organization who will carry out the terms of the Will.
- A list of bequests, that is gifts that will be distributed, and the names and addresses of the persons and/or organizations who will receive them.
* Information regarding the value of your estate, including the value of all assets plus life insurance proceeds.
 

Reasons to Update

- Your marital status changes.
- You have or adopt a new child. A new will with provisions for minor children should be created.
- You move to another state.
- Your financial status changes significantly.
- A significant change in tax laws is enacted.
- One of your beneficiaries dies. For example, your spouse.
- You want to add or change beneficiaries.
- A named executor can no longer serve because of death or incapacity.
 
 
     
 
     
     
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