Will

How it Works

A document is drawn up outlining how your wealth will be transferred upon your death. Three major provisions typically included in a will are naming a guardian for your children, creating trusts and naming an executor.

Advantages

• Prevents disposition of your property by state law, which can be troublesome and costly
• Ensures your children go to a guardian that you have selected
• Can eliminate disagreements and confusion among your loved ones
• Accomplishes longer-term goals, such as funding a child's education or providing for an elderly parent through creation of trusts
• Allows you to choose the individual or professional who will ensure the accurate and legal disposition of your property