Standard Will
Standard Will
I. Declaration
I, [YOUR NAME], residing at [YOUR COMPANY ADDRESS], hereby declare this document to be my Standard Will. This Will outlines the disposition of my estate and assets.
A. Revocation of Prior Wills
I revoke all prior testamentary documents and codicils previously made by me.
B. Testamentary Intent
I affirm that this Will represents my true intentions regarding the distribution of my estate upon my demise.
II. Appointment of Executor
I appoint [EXECUTOR'S NAME], residing at [EXECUTOR'S ADDRESS], as the executor of this Will.
A. Alternate Executor
Should [EXECUTOR'S NAME] be unable or unwilling to serve, [ALTERNATE EXECUTOR'S NAME] is appointed as the alternate executor.
B. Executor's Powers
I grant my executor full authority to administer my estate under the provisions of this Will and applicable laws.
III. Inventory of Assets
A detailed inventory of my assets and liabilities is provided in 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 Effects
I specify the distribution of my personal effects, including but not limited to jewelry, artworks, and sentimental items.
IV. Disposition of Personal Property
I outline the distribution of my personal property, including household items, vehicles, and valuables.
A. Specific Bequests
I make specific bequests of certain items to named beneficiaries as outlined in Exhibit B.
B. Residual Personal Property
Any personal property not specifically bequeathed shall form part of my residuary estate and be distributed accordingly.
V. Financial Accounts and Investments
I provide instructions for the distribution of my financial accounts, investments, and retirement funds.
A. Bank Accounts
I designate beneficiaries for my bank accounts, including checking, savings, and investment accounts.
B. Retirement Funds
I specify the beneficiaries for my retirement accounts, including any pension, IRA, or 401(k) plans.
VI. Testamentary Trusts
I establish any testamentary trusts necessary for the management of assets for the benefit of beneficiaries.
A. Trustee Appointment
I appoint trustees to administer any testamentary trusts created under this Will.
B. Trust Terms
I set forth the terms and conditions governing each testamentary trust, including distribution provisions and trustee powers.
VII. Guardianship Appointment
If applicable, I appoint a guardian for any minor children or dependents in my care.
A. Guardian Nomination
I nominate a guardian to assume responsibility for the care and upbringing of my minor children or dependents.
B. Guardian's Powers
I grant my appointed guardian the authority to make decisions regarding the welfare and upbringing of my minor children or dependents.
VIII. Legal and Tax Compliance
I direct that all legal and tax obligations related to this Standard Will be promptly addressed under applicable laws and regulations.
A. Tax Provisions
I authorize my executor to file all necessary tax returns and pay any taxes owed by my estate.
B. Legal Counsel
I empower my executor to seek legal advice and representation as necessary to fulfill their duties under this Will.
IX. Signatures and Witnesses
This Standard Will was signed and declared by [YOUR NAME], the Testator, in the presence of the undersigned witnesses.
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]
X. 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]
