By law, anyone who is over the age of 18 and is of a sound mind, can prepare his or her own will and testament. There are many last will and testament formats that can be used. This one document governs the disposal and distribution of a person’s property after his or her death and specifies the rights of the beneficiaries to the assets left to them. Everyone, irrespective of age, should prepare a will as soon as they have property to leave upon their death.
What types of last will and testament format you use is not just dependant upon your personal preference. The laws of wills, property and inheritance varies from state to state so it is essential that before you choose your last will and testament format you determine if it is valid in the state in which you reside. You need also to remember that if you move to another state, your existing will may not be valid under the laws of your new state. Let’s look at the most common last will and testament formats currently in use.