Saturday, February 21, 2009

What Should Your Will Do For You?

We all know that a will can transfer a decedent’s property.  What else should your will do?  First, your will should nominate a person(s) to serve as executor.  It should specifically authorize your executor to do things, like sell property, without requiring probate court approval, and it will usually dispense with the requirement of your executor to post a surety bond.  Second, your will should nominate a guardian for any minor and/or adult disabled children.  Finally, if your estate plan includes a trust, your will may contain a pour-over provision transferring property to the trustee of your trust.

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