Wills and Estates: Planning and Executing a Will
In addition to being a convenient way to distribute your estate, a Will is one of the most important documents you will execute during your life. A Will can be a personal expression through which you provide for those people and institutions that are important to you. A Will is your final message that reflects your personal values and leaves a lasting legacy by which your family and community will remember you.
Planning Your Will or Estate
Legal documents such as Wills should always be prepared by attorneys. You will find different rules in every state for execution of a Will. However, the following are typical requirements in making a Will:
- The Will should be in writing and signed at the end by the person executing the Will, called a testator (man) or testatrix (woman). The testator or testatrix must sign the Will in the presence of two or three disinterested witnesses.
- The testator or testatrix must have each witness sign his name affirming that the Will was signed by the testator (ix) and acknowledged, as a last Will and testament.
- The person executing the Will must be considered mentally competent when the Will is executed.
For additional in depth information on planned gifts, please visit our planned giving website: http://tsalegacy.org