Law Society Will
Law Society Will
I. Declaration
I, [YOUR NAME], residing at [YOUR COMPANY ADDRESS], declare this document to be my Will, drafted following the standards set forth by the Law Society. This Will governs the distribution of my estate and supersedes any prior testamentary documents.
A. Compliance Statement
I affirm that this Will complies with the regulations and guidelines outlined by the Law Society.
II. Appointment of Executor
I appoint [EXECUTOR'S NAME], a member of the Law Society, residing at [EXECUTOR'S ADDRESS], as the executor of this Will. If [EXECUTOR'S NAME] is unable or unwilling to serve, I appoint [ALTERNATE EXECUTOR'S NAME] as the alternate executor.
A. Duties of the Executor
The executor shall have the following duties:
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Administration of the estate
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Distribution of assets according to the terms of this Will
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Payment of debts and taxes
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Representation of the estate in legal matters
B. Powers of the Executor
The executor shall have the power to:
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Sell, mortgage, or lease estate property
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Invest estate funds
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Settle claims against the estate
III. Inventory of Assets
A detailed inventory of my assets, including real property, personal property, and financial assets, is attached hereto as Exhibit A.
A. Real Property
I bequeath my real property as follows:
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[DESCRIPTION OF PROPERTY 1] to [BENEFICIARY NAME 1]
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[DESCRIPTION OF PROPERTY 2] to [BENEFICIARY NAME 2]
B. Personal Property
I bequeath my personal property as follows:
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[DESCRIPTION OF PERSONAL PROPERTY 1] to [BENEFICIARY NAME 3]
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[DESCRIPTION OF PERSONAL PROPERTY 2] to [BENEFICIARY NAME 4]
C. Financial Assets
I bequeath my financial assets as follows:
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[DESCRIPTION OF FINANCIAL ASSET 1] to [BENEFICIARY NAME 5]
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[DESCRIPTION OF FINANCIAL ASSET 2] to [BENEFICIARY NAME 6]
IV. Testamentary Trusts
I establish the following testamentary trusts:
A. Minor Beneficiary Trust
I hereby establish a trust for the benefit of my minor children, to be managed by [TRUSTEE'S NAME].
B. Charitable Trust
I establish a charitable trust to support [SPECIFY CHARITABLE CAUSE], to be managed by [TRUSTEE'S NAME].
V. Legal and Tax Compliance
I direct that all legal and tax obligations related to this Will be complied with according to the laws and regulations of the jurisdiction.
A. Legal Compliance
The executor shall ensure compliance with all legal requirements, including probate proceedings, as necessary.
B. Tax Compliance
The executor shall ensure compliance with all tax obligations, including filing estate tax returns and paying any taxes due.
VI. Signatures and Witnesses
This Will was signed and declared by [YOUR NAME], the Testator, in the presence of the undersigned witnesses, who, in the presence of the Testator and each other, have subscribed their names as witnesses on this [DATE].
Testator:
Name: [YOUR NAME]
Address: [YOUR ADDRESS]
Witness 1:
Name: [WITNESS NAME 1]
Address: [WITNESS ADDRESS 1]
Witness 2:
Name: [WITNESS NAME 2]
Address: [WITNESS ADDRESS 2]
VII. Notary
State of [YOUR STATE], County of [YOUR COUNTY], ss:
On this [DATE], before me, [NOTARY'S NAME], a notary public in and for the said state, personally appeared [YOUR NAME], known to me to be the person described in and who executed the preceding instrument, and acknowledged that he/she executed the same as his/her free act and deed for the purposes therein contained.
Notary Public: [NOTARY'S NAME]
My Commission Expires: [EXPIRATION DATE]
