Arkansas Last Will and Testament
Arkansas Last Will and Testament
I, [YOUR NAME], currently residing at [YOUR COMPANY ADDRESS], being of sound mind and disposing of memory, do hereby declare this to be my Last Will and Testament, revoking all previous wills and codicils made by me.
I. Appointment of Guardian for Minor Children:
I hereby appoint [Guardian's Full Name], residing at [Guardian's Address], to serve as the guardian of my minor children, [Child's Name(s)], in the event of my death or incapacity. If the appointed guardian is unable or unwilling to serve, I nominate [Alternative Guardian's Full Name], residing at [Alternative Guardian's Address], as the alternate guardian.
II. Duties and Powers of the Guardian:
a. The appointed guardian shall have full legal and physical custody of my minor children.
b. The guardian shall have the authority to make all decisions regarding the care, upbringing, education, and welfare of my minor children.
c. The guardian shall have access to and control over any funds or assets held in trust for the benefit of my minor children, with the obligation to utilize such funds for their support, maintenance, and education.
III. Termination of Guardianship:
The guardianship shall terminate upon the minor child reaching the age of majority unless otherwise specified by law or court order.
IV. Compensation for Guardian:
I authorize the guardian to receive reasonable compensation for their services in caring for my minor children, to be determined by agreement with my estate executor or by court order.
V. Testamentary Trust:
I hereby establish a testamentary trust for the benefit of my minor children, to be funded with any assets passing to them under this Will. The trustee shall manage and distribute the trust assets following the terms and conditions specified herein.
VI. Miscellaneous Provisions:
a. I direct that my minor children shall reside with the appointed guardian unless it is determined to be in their best interest to reside elsewhere.
b. I request that the appointed guardian provide my minor children with a loving and stable home environment, ensuring their physical, emotional, and psychological well-being.
c. I express my trust and confidence in the appointed guardian's ability to fulfill their duties responsibly and faithfully.
VII. Executor Appointment:
I appoint [Executor's Full Name], residing at [Executor's Address], to serve as the executor of this Will and to carry out its provisions following the law.
VIII. Witness and Signature:
I sign my name to this Will on [DATE], at [Location], in the presence of the undersigned witnesses, who sign their names hereunto in my presence.
Testator
[YOUR NAME]
[YOUR COMPANY ADDRESS]
Witness #1
Name: [WITNESS NAME 1]
Address: [WITNESS ADDRESS 1]
Witness #2
Name: [WITNESS NAME 2]
Address: [WITNESS ADDRESS 2]
VII. Notarization (If applicable)
Notary Public Name: [NOTARY'S NAME]
Commission Expires: [EXPIRATION DATE]
