A simple will is a legally enforceable document that specifies how your assets and property should be distributed after you pass away. It can also be called a last will and testament.
At a minimum, your last will and testament should include specific and residual bequests to beneficiaries (those who will receive your assets and property), a designated executor and perhaps a successor executor or two who will administer your estate after your passing, nominating a trusted guardian to care for your minor children, and arrangements for the ongoing care of your beloved pet(s) after you're gone.
Additionally, your simple will may specify your interment or memorial service arrangements—maybe you would like to be cremated, buried in a pre-purchased burial plot under your favorite tree, or (as is becoming a more popular option) composting. Specifying your preference for one of these will assist your executor in handling your estate after your passing.
In general, a simple will is a good option if you have a less complicated estate to manage. That is, if you are under 50, have a smaller estate, and don't have a large collection of assets or any children, a simple will can effectively provide for your estate administration when you are gone.
Contact us today to schedule a free consultation to discuss your personal estate planning needs.
RESOURCES
Please see the Washington State Bar Association website for more information on simple wills and complex wills.
Trusts are legal documents allowing control over asset transfer to beneficiaries. Learn more >
Probate can have significant financial and emotional implications for the beneficiaries and heirs of the decedent. Learn more >
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