What You Ought to Know About Last Calgary legal will and Tes

What You Ought Know About Last Will and

Testament

Thinking about what will happen after you pass away?

Want to make sure your heirloom diamond ring goes to your daughter?

With a Legal Will, you can do all these, and reduce your family's legal costs and the potential for disagreements about your wishes. 

But you need to know the what information is included in a Last Will & Testament, parties in a Last Will & Testament and when do you need legal Last Will & Testament.

Last Will and Testament also known as “Will or Last Will” is a document that allows you to state how your assets will be divided after you pass away.

What is Last Will and Testament?

Things To Complete Your Last Will & Testament

•Personal information about yourself.

•Current Marital Status

•Who you wish to name as your executor, and their address.

•Information about all of your biological and legally adopted children.

•Information about any assets or gifts you wish to give and the recipients or beneficiaries of them.

Parties Involve in a Last Will & Testament

Testator/Testatrix: • The person that

the Will is being created for.

• Whose property will be distributed once they are deceased.

Executor/Personal Representative: • The person who the

Testator or Testatrix has designated to administer their wishes in terms of how the estate will be divided. 

Beneficiary: • Someone who will

receive either an aspect of, or all of your estate. 

• You may name multiple beneficiaries and divide your assets as you see fit.

Pet Caretaker: • If you have pets, a pet

caretaker is someone who you would name to care for your pet upon your expiration.

When You Need a Last Will & Testament?

Get married,

have children,

or separate from a spouse.

Own property and wish to leave it to specific beneficiari

es.

Own a business

(or shares in one)

and wish to leave it

to someone specific.

Travel frequently

.

Have a dangerous

job.

Have monetary

assets, such as

investments, savings, etc., that

you wish to distribute to family

or friends.

Get Legal Advice for will preparation, power of attorney, personal directive and other estate planning documents and tasks.

www.CalgaryLegalWills.com