“Every person should have a last will and testimony so that the people who are left behind when they pass on are clear on how they want their assets distributed. These last will forms are often filled out by attorneys who are experienced in the process so that nothing is left out or left to guessing when the person dies. The last will forms will need to be updated from time to time throughout the person’s life as things change. Often a person will make the will in his twenties when he gets his first job after college, embarking on a career for the first time. As he moves into his thirties, he will have more assets and will also often get married and have children, which will need to change the status of his will.
Children and Spouses
Often, people who are married will do a last will form together so that the assets are distributed according to both people’s desires as expressed in the will. Most of the time, if only one spouse dies, then the beneficiary is the other spouse, since he or she will be left to take care of the children. If both spouses die at the same time, then the beneficiaries are usually the children, who will be placed with the guardian that is listed in the last will form, and the assets are kept in a trust in the control of the executor according to the will’s specifications until the children come of age. Once that happens, they will be given the percentage of the assets according to the specifications of the will.
It is very important that the parents have a last will form filled out so that it is clear who the guardian for the children is. If this is not clear, then the children will have to go and live in the control of the state, which is not a situation that any parents would want for their children to have to go through, especially when mourning both of their parents. Instead, they will want the children to go and live with a guardian, who is usually another family member or close friend that the children are familiar with.
Finally, the last will form needs to specify who the executor of the will is going to be. The executor should be someone who can be trusted to carry out the express wishes of the person making the will, and who can be responsible for canceling subscriptions and credit cards, and taking care of other business that needs to happen after the person’s death.”