Free Will For Married Couple Agreement Form

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Simplify estate planning with the Will For Married Couple Agreement Form Template from Template.net! This form is editable to accommodate specific wishes regarding asset distribution and guardianship. With its customizable format, you can adjust legal clauses easily. The AI Editor Tool ensures that your will is formatted correctly, giving you peace of mind in preparing these essential documents!
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Will For Married Couple Agreement Form
I. The Couple
We,
II. Joint Children
During the marriage, we have
Child's Name , born onMonth Day, Year and isAge years old. We intend for this child to receive an equal share of our estate as outlined in Section V.Child's Name , born onMonth Day, Year and isAge years old. This child will also receive an equal share of our estate, in accordance with the provisions in this will.Child's Name , born onMonth Day, Year and isAge years old. This child is likewise entitled to an equal portion of the estate as detailed in Section V.
III. Mutual Agreements Upon Death
It is mutually agreed upon by us and with each other that:
A. Death of One Spouse
Upon the death of one spouse, the surviving spouse shall inherit all property, assets, and possessions unless otherwise stated in this will. The intention is for the surviving spouse to manage and utilize these assets for their support and well-being until their own death.
B. Event of Death of Both Spouses
In the event that both of us die within
C. Common Funeral Arrangements
We request that a joint funeral or memorial service be held if both of us pass away within a close time frame. The service should reflect our mutual wishes for simplicity and be attended by close family and friends. The location and arrangements should be handled by the executor in consultation with our family.
IV. Appointment of Executors
We appoint each other as the executor of this will. The surviving spouse shall have full authority to administer, manage, and distribute the estate in accordance with the terms of this will, without requiring the approval of any court. The executor shall pay any debts, expenses, and taxes owed by the estate from its assets.
In the event that the survivor dies, or the surviving spouse is unable or unwilling to serve as the executor,
V. Distribution of Assets
A. Immovable Property
Our primary residence located at
Address shall be bequeathed toName(s) , who shall have equal rights of possession, use, and ownership of the property. In the event that the named beneficiaries cannot take possession, the property shall be sold, and the proceeds distributed equally among our children.Any other immovable properties owned by us shall be sold, and the net proceeds from these sales shall be divided equally among our children. This distribution should be conducted promptly, with all reasonable steps taken to maximize the value of the estate.
B. Movable Property
All personal belongings, including furniture, vehicles, and household items, shall be divided equally among our children or sold if they cannot reach an agreement on distribution. If sold, the proceeds shall be distributed equally among the beneficiaries listed in Section II.
Items of significant sentimental or personal value may be distributed according to the wishes expressed by either of us in a letter of instruction or memorandum attached to this will.
C. Bank Accounts, Investments, and Financial Assets
All bank accounts, stocks, bonds, and other financial assets held in our names shall be liquidated and the net proceeds divided equally among our children. Any costs associated with the liquidation of these assets shall be paid out of the estate prior to distribution.
Any retirement accounts or pension benefits shall be distributed to the named beneficiaries as per the applicable laws and regulations governing such accounts. In cases where no beneficiary is named, these shall be treated as part of the residuary estate.
VI. Guardianship
A. Nomination of Guardian
In the event of our simultaneous deaths or the death of the surviving spouse, we nominate
B. Alternate Guardian
If the primary guardian is unable or unwilling to act, we nominate
VII. Residuary Estate
Any residue of our estate, not specifically bequeathed or otherwise disposed of under this will, shall be divided equally among our children listed in Section II. If any child predeceases us, their share shall pass to their descendants, per stirpes. Should there be no descendants, that share shall be divided equally among the surviving children or their descendants.
VIII. Special Instructions
A. Funeral Arrangements
We wish to be
cremated/buried according to our respective preferences, and ourashes/remains should be interred atLocation . If both of us die within a close period, a joint memorial service should be conducted to honor our lives together.Our funeral or memorial service should be modest, reflecting our values and attended by family and close friends. We request that any expenses related to these arrangements be paid from our estate.
Charitable Donations
We direct that a donation of
Amount be made toCharity Name , located atCharity Address . This donation should be made as soon as practicable after our deaths and be funded from our estate prior to any distribution to beneficiaries.Additional donations may be made to charities or causes we supported during our lifetime, at the discretion of the executor, provided such donations do not significantly reduce the estate's value available for distribution to our beneficiaries.
IX. Execution of Will
We declare this document to be our Last Will and Testament, and we sign our names below in the presence of the undersigned witnesses. These witnesses,
Husband Name: Date: | Wife Name: Date: |
Attestation
On the date first above written,
We, the undersigned, at their request, and in their presence, and in the presence of each other, do hereby sign our names as witnesses. We affirm that we have witnessed the signing of this will and that, to the best of our knowledge, they were acting of their own free will at the time of signing.
Witness Name: Date: | Witness Name: Date: |