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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.
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This Will is appropriate for a wide variety of individuals. It contains provisions for people who are married or single and will allow you to provide for your children, if any, of any age.
If the Willmaker's estate 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 document. For such cases, this Will can be used to prepare to work 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.
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- You own property to be distributed after your death. This Will may not be appropriate for estates larger than the federal estate tax exemption amount, currently $3,500,000. - You want to designate the persons or organizations that will receive your property after your death. * Designate the person or organization who will carry out the terms of the Will. * Designate who will have the responsibility for the minor children if the other parent is unable to serve as the natural guardian.
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