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Ten Things To Include In Your Will

Ten Things To Include In Your Will Here is a great article By Barbara Kate Repa, Caring.com Senior Editor that I came across on www.caring.com 1. Name a personal representative or executor. In an individual will, your parent can name a person or institution to act as personal representative, called an executor in some states, who will be responsible for making sure that the will is carried out as written and that the property is divvied up and distributed as directed. It’s also wise to name an alternate in case the first choice is unable or unwilling to act. 2. Name beneficiaries to get specific property. Your parent’s will can specify separate gifts of property — called specific bequests — including cash, personal property, or real estate. Likely beneficiaries for such bequests are children and other relatives, but they may also include friends, business associates, charities, or other organizations. 3. Specify alternate beneficiaries. In fashioning their wills, most people assume ...

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