Free Lifetime Interest Joint Will Template
LIFETIME INTEREST JOIN WILL
Introduction
This is the Last Will and Testament of Ronaldo Glynn and Adelia Harber, hereinafter referred to as "Testators," of St. Paul, MN 55101, executed on this 16th day of August, 2056. This Will is made jointly by us and contains provisions for a lifetime interest.
Revocation of Previous Wills
We hereby revoke all former Wills, Codicils, and testamentary dispositions previously made by us, jointly or individually.
Appointment of Executors
1. Primary Executors
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We appoint Beverly Haley, presently residing at Durham, NC 27701, as the Primary Executor of this Will.
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In the event that the Primary Executor is unable or unwilling to act, we appoint Hank Wilkins as an Alternate Executor.
Distribution of Assets
1. Lifetime Interest
Upon the death of one Testator, the surviving Testator is to receive a lifetime interest in the entirety of the estate. The surviving Testator shall have the right to use and enjoy the estate property, income, and benefits for their lifetime.
2. Upon the Death of Both Testators
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i. Residential Property:
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The residential property located at St. Paul, MN 55101 shall be transferred to Maxwell Mante, in equal shares.
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ii. Financial Accounts:
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All funds held in financial institutions are to be given to Maxwell Mante.
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iii. Personal Effects:
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All personal effects, including jewelry, clothing, and personal items, shall be distributed to Maxwell Mante as per written instruction left by the last surviving Testator.
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3. Contingency Clause
If any beneficiary predeceases us, that beneficiary’s share shall be distributed to their lineal descendants per stirpes or equally shared among the remaining beneficiaries if no descendants exist.
Guardianship
If there are minor children at the time of our death, we appoint Kitty Johns as the legal guardian of such minor children. The appointed guardian shall have all necessary powers to care for the custody and maintenance of the children.
Governing Law
This Will shall be governed by and construed in accordance with the laws of North Carolina.
Testamentary Trust
If necessary, a testamentary trust may be established to facilitate the management and distribution of the estate for the benefit of the surviving Testator and subsequent beneficiaries. The appointed Executor shall act as Trustee, managing the assets according to this Will's terms.
Miscellaneous Provisions
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Severability: If any provision of this Will is found invalid, the remaining provisions shall remain in full force and effect.
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Headings: Headings are for reference purposes only and do not affect the meaning or interpretation of this Will.
Signatures
In Witness Whereof, we have set our hands to this Will at [Location] on [Date].
Ronaldo Glynn
Adelia Harber
Witnesses:
Kitty Johns
This document was signed in our presence by the Testators, and we now sign below as witnesses to their signatures.