And there’s no excuse not to.
Many people have a general knowledge of what a Last Will and Testament is, and maybe a Testamentary Trust as well. But a lot of the same people don’t fully realize the potential and power of these documents. Done correctly, these can be the most important documents you execute as part of your estate plan.
Estate planning documents, including a Last Will and Testament and a Testamentary Trust in particular, give you the power to make decisions after you death which are legally enforceable. If you don’t make your estate planning decisions known by executing these documents, someone else will make the decisions for you. Every state has intestate succession laws – in other words, laws that govern where your property goes if you die without a Will. Without any estate planning documents, you have no say in the matter, and that is not a plan.
By preparing these estate planning documents you can take control over your property and make a plan for your family. For instance, among other things you can:
- specify whom you want to inherit your property;
- provide for your children’s or grandchildren’s education;
- set up an allowance for anyone you choose;
- specify your burial wishes;
- exclude people if you choose;
and many other options.
SkyBlueLegal offers both a Last Will and Testament and a Testamentary Trust that are fully customizable by you, from any home pc, laptop, tablet or smartphone. LegalTree makes estate planning easy and affordable by bringing you the legal documents you need on your schedule from any device.