Making a will also gives you the opportunity to name an executor (the person responsible for distributing your assets) and a legal guardian for your children. It lays out whom your belongings should go to, how and who’s in charge of making that happen.
What Is a Last Will and Testament?Ī last will and testament is a legal document that determines what happens to your property if you die. Meanwhile, 26 percent chose a significant other such as a spouse.Ĭreating a last will and testament is important, and it can also be surprisingly simple. Do you support a parent? A significant other? A sibling? Among customers under age 45 without young kids (who provided beneficiary details), 34 percent chose a parent as the person to inherit their assets. In fact, more than 70 percent of the people making a printable will online with Fabric have kids under age 18.īut kids aren't the only reason to make a will.
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Writing a will is especially important if you’re a parent or have people who depend on you.įull disclosure: Fabric offers a free online will you can create in five minutes, plus instructions on how to make it legally binding. It's also one of those things you’ll be so glad you did.įun or not, we should all consider what would happen to our loved ones if we died. Key Documents to Have Alongside Your Last Will and TestamentĪ last will and testament is one of those things you probably don’t want to think about on a random Sunday at the park. Making Your Last Will and Testament Legally Binding What Kinds of Property Aren't Controlled by a Will? Pets, Funeral Arrangements and Other Considerations How to Write a Simple Will: Executor of the Will Who Should Be the Beneficiary of My Will? Information You'll Need for Writing a Will What Happens if I Die Without Making a Will?
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