Last Will and Testament

This may be the most important legal document you ever sign. In your Last Will and Testament, you will provide for the disposition of all of the assets that you own when you die. You will designate your executor and you may even include a testamentary trust for the benefit of your spouse, your children, or others. Your last will and testament may include provisions to minimize or avoid death taxes, or you may provide for the "back-up parents" for your children if you die before your children reach the age of majority. You may provide further provisions in your last will and testament to make your children's inheritance divorce-proof, so they do not have to split it with your ex-daughter-in-law or ex-son-in-law if your children get divorced after receiving their inheritance.

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