Last Will and Testament
A Will is a roadmap that tells the world how you would like your estate to be handled when you die. In a Will, you can do the following:
- Nominate an executor, who will be appointed to handle all of your legal and business affairs;
- Direct how you want your estate to be distributed after you die;
- Nominate a guardian for your minor children;
- Make gifts to charities;
- Specify how minor children should receive money from your estate (e.g., in a blocked account);
- Waive any requirement that your executor must first obtain a bond (i.e., an insurance policy) prior to appointment by the court;
- Direct that the executor be given nonintervention powers so he does not have to get court permission to do everything during the probate;
- Deter your heirs from contesting the Will by including a “no contest” provision that states anyone who contests the Will will be disinherited; and
- Distribute items of personal property to specific individuals (e.g., grandma’s diamond ring to your eldest daughter, your Rolex to your nephew, your German Shepherd to your brother).
By preparing and properly executing a Will, you are making life a lot easier for your family.
Washington State has very specific laws regarding how a Will should be prepared and signed. It is a very formal process and needs to be followed carefully. At Orbit Wills, we will walk through the various decisions that need to be made to complete and properly execute a Will in Washington State.