When it comes to the most important documents in ones life – a Will is certainly at the top of the list. Although it is vital to one’s life, Most people know that they should have a will, but many don’t know what a will is and how it works. A will, sometimes called a “last will and testament,” is a document that states your final wishes. It is read by a county court after your death, and the court makes sure that your final wishes are carried out.
What exactly does a will do? Majority of Americans use a will to leave instructions about what should happen to their property after they die. However, you can also use a will to; name an executor, name guardians for children and their property, decide how debts and taxes will be paid, provided for pets and serves as a backup to a living trust.