last will and testament template microsoft word

#Last will and testament template microsoft word how to
#Last will and testament template microsoft word free

For example, you could direct that it should be used to help support those who want to go to university

#Last will and testament template microsoft word how to

trustees have discretion (which you can guide in a letter of intent) as to how to use the estate.allocation does not have to be on an even basis - some beneficiaries could be given a greater share than others.entitlements can be rearranged within 2 years, allowing post death tax planning.Use of a discretionary trust rather than a 'bare' one has a number of advantages: On your death, the estate passes entirely to one person, or into a discretionary trust for young children if that beneficiary does not succeed you by a certain number of days. It could also be used by a grandparent leaving their estate to an adult son or daughter with a young family. This family will has been designed for parents of young children. nominate someone else to receive your estate if your first choice of beneficiary dies before you.There are also options to leave gifts to minors without creating a trust.

a single parent, who wishes to leave most of your estate to family members but also leave some to charity or to a friendĪ key feature of this template is that you can set flexible trust provisions, giving you greater control of how the trustees should administer your estate, and making trust management easy.a widowed grandparent, leaving your estate to your adult children and to your grandchildren (perhaps on trust because one or more is under 18 years old), or.a parent, leaving the majority of your estate to your husband, wife or partner and the remainder (after specific gifts), or.We include extensive guidance notes, explaining clearly how to edit the document and how to sign the will correctly, and a short example letter of intent to your executors.Ī flexible template to create a last will and testament suitable for the majority of circumstances.Īfter whatever gifts you make, the residue of your estate is divided between two or more people in shares you specify. simple to understand and simple to prepare and sign.It also includes options for giving gifts to minors by passing the gift directly to a parent or by creating a trust The template allows you to nominate another person to receive your estate if your primary beneficiary dies before you. You may make as many gifts to individuals or classes of people as you like. a single person, who wishes to leave specific gifts to friends and family and the rest of the estate to one person, equally to his or her children, or to a charity.a parent or grandparent, leaving an estate to a husband, wife or partner after having made gifts to children, extended family members and/or charities, or.

#Last will and testament template microsoft word free

This free template creates a last will and testament where the testator leaves all his or her assets to one person after making specific gifts of money and possessions.