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In addition to distributing or transferring property, a will may also be used to:
• Name a guardian for any minor children
• Create a trust and designate a trustee to handle an estate on behalf of children or others
• Name a personal representative or "executor" and to handle a decedent's property and affairs from the
time of death until an estate is settled
Seven out of ten Americans never get around to penning
this important legal document. People say they are too busy, too uncomfortable discussing end of life issues or they don’t know who to trust. Selden Law Firm attorneys are experienced with the types of wills that are available and highly attentive to the fact that a will is more than just a piece of paper. It is a valuable gift to your family.
If your net estate is less than $100,000 or you are satisfied with the way the State will dispose of your assets under the intestacy rules, you might not need a will. There are several legal options for passing title called “will substitutes”. Often these substitutes are a better approach but may include pitfalls that you need to be aware of before proceeding.
You can also purchase a will kit from business form suppliers or software from a variety of developers and create your own will.
Don't let yourself make the mistake of not getting around to making a will. Put it at the top of your list.
More
Information About Wills (WSBA pamphlet)
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