An Overview of Wills

A Will Portfolio is a basic estate plan containing

• Last Will and Testament
• Durable Power of Attorney
• Advance Health Care Directive

With a Last Will and Testament, you designate who you wish your beneficiaries to be and what their inheritance should consist of.  You can appoint the person or persons who you would wish to be guardians of any minor children you may leave behind.  In your Will you will also nominate the person or persons you wish to act as your personal representative during probate, and to ultimately be in charge of distributing your estate to your heirs. 

Did you know that nearly 70% of Americans have no estate plan at all?  As a minimum measure, a Last Will and Testament could be a very important legal document to own.  Without it, the State would decide for you how your assets would be distributed and who would become guardians of your minor children.   

next