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A last will and testament allows an individual to distribute
assets according to the individual’s wishes rather than the
intestacy laws of the state where he or she resides. The last
will and testament helps family members to handle the finances
and property distribution upon the individual’s death with less
stress because the deceased’s intentions are clearly set out in
writing. The deceased’s directions regarding distribution of
personal possessions and real estate will more likely be
respected if he or she creates a personal will. Additionally, an
executor can be named to handle the estate, thereby avoiding a
court proceeding to appoint an administrator.
Finally, an individual with children can designate a trustee or
guardian for his/her children to keep from having the court
appoint persons to these important fiduciary positions without
parental guidance. |
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