![]() Testator (or testatrix): you, the person making the will.If you want to write your own last will and testament, you need to understand the following key terms: It’s crucial that you understand the differences between a will vs trust, and which is right for you. You need a last will if you want to make your own choice about what happens to your property and loved ones after you pass away.Ī will can be created as an alternative or in addition to a revocable living trust. ![]() If you die without a will - known as dying intestate - your state’s laws define who your property goes to and who cares for your children. In certain situations, you can make a will when you’re younger - for instance, if you’re in the armed forces or married. ![]() To make or witness a will or serve as an executor, you must be old enough. Finally, you can describe how you want your funeral conducted and set aside money for it. You can leave charitable contributions and other bequests by including them in your last will. It is also commonly called a “will” or “last will.” Table of ContentsĪ last will and testament is a legal document that outlines what should be done with your property and other affairs after you pass away. ![]() A last will and testament is a legal document outlining your wishes for how your property and affairs are to be handled when you pass away, and how you wish your funeral to be conducted.
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