There are many people who do not care to think about their deaths and refuse to create a last will and testimony so that their wishes can be carried out after their deaths. In some statistics, over seventy percent of people do not have a current last will and testimony in place for their families and friends to execute once they have passed on.
They often put off making a last will and testimony thinking that they have plenty of time to do so. Then an accident or illness occurs and they are gone without having the will in place. This puts their estate in a state of limbo while it gets sorted out. It can also put their children in danger of becoming wards of the state if they are a single parent with sole custody of the children. Do It Yourself Today there are many do it yourself last wills that can be found online and from other free legal sources.
Creating a last will and testimony for yourself is a simple process for most, and creating something is better than not having anything in place. The largest amount of time that is taken when creating a last will and testimony is in gathering the assets that the person has since it has to include both monetary resources and goods. However, once these are listed out, then the rest happens very quickly as the person needs to choose beneficiaries and an executor to carry out the will.
The beneficiaries of the last will and testimony are usually family and close friends. Often the friends are given gifts through the will, either small monetary amounts or certain goods that have sentimental meaning to that particular person. The executor of the will might also be a beneficiary, but the executor has the responsibility of making sure that the person’s estate is settled quickly and according to the will that the person filled out.
The last will and testimony is official when it is signed by the testator in the presence of at least two witnesses who are not beneficiaries to the will. If there are any changes to the will, then there will need to be codicils added to the last will and testimony that the person has made. These are often added when the person has obtained more assets or when they have gotten married or divorced which changes their beneficiaries.