Here at TriCity Lawyers, we want to help you with all of your estate planning needs, and one of the many parts of this process that we can assist you with is in making a simple will. For those not familiar with this term, we have put together this article to cover the basics of what a simple will is and how it works.
Definition of a Simple Will
First, we’ll go over what a simple will actually is. Conveniently enough, this term is just another name for a last will and testament, a type of legal document in which you list your assets and designate who will inherit them after you pass away.
What is Included in a Simple Will?
Next, we’ll go over what components are included in a simple will. In general, these documents should:
- Identify the Testator – Give the name of the person making the will.
- Show Soundness of Mind – When you give your name in your simple will, you will typically also have to state that you are of sound mind and understand the document’s purpose.
- Name the Beneficiaries – A simple will needs to state who will be receiving the testator’s assets.
- Name an Executor – You will also need to appoint an executor, or person who will be responsible for distributing your assets to your beneficiaries after the will takes effect.
- Signatures – In order to be legally binding, a simple will needs the signature of the testator as well as those of witnesses to the will.