FREE WASHINGTON LAST WILL AND TESTAMENT
What is a Last Will and Testament
A Washington Last Will and Testament, when prepared and executed properly by a person who is an adult of sound mind with legal responsibility for his- or herself, is a formal document that specifies how their assets or estate will be managed and distributed after their death. The person who dies is formally referred to as the decedent. If the decedent has minor children, the Last Will and Testament may also be used to designate who they want to care for their children and who they wish to handle their childrenís inheritance/finances until each child comes of age (usually 18, but you can designate a different age) to handle their finances on their own.
|In a Last Will and Testament, the decedent usually also names a personal representativeóor co-personal representatives (two or more persons acting together in this capacity)óto manage the matters of the estate. The personal representative is the person who gathers all of the information about the decedentís debts and assets, pays outstanding debts using the assets on behalf of the estate, and ensures that the decedentís property is distributed as specified in the Will, so this is a job with a lot of responsibility, and the personal representative selected is usually someone the decedent really trusts to follow through on the details and with his or her wishes.
If a person dies without having a valid Last Will and Testament (which usuallyóin most statesómeans it must be properly witnessed, as wellónot just signed), someone will usually be appointed by the court to be the personal representative and will pay the decedentís debts, liquidizing assets as necessary to do so. Then the remaining assets will be distributed among the decedentís heirs according to the laws of the state the decedent lived in.
In some states, if one spouse dies leaving behind a husband or wife, that living spouse will inherit all of the decedentís property in the absence of a Last Will and Testament stating to the contrary. In other cases, the decedent may have specified a particular beneficiary to inherit a life insurance policy, retirement account, or other asset, and that beneficiary designation will dictate who receives those assets in the absence of a Washington Last Will and Testament.
The important thing to note is that anyone who wishes to designate how their assets will be distributed after their death should prepare and properly execute a Last Will and Testament to ensure their wishes are known and honored. If they donít, they may be leaving it up to chance, the laws of the state in which they reside at the time of their death, or a court of law as to how their final affairs will be settled. Washington free information on last will and testament forms.
Washington Last Will Paper
In the modern world, you can plan everything, including the fate of your property after your death. For this in the State of Washington, one draws up a special document called Last Will. With the help of it, you can leave instructions on the distribution of the property acquired and accumulated by you. But the action of the document is not limited to this. Below we will tell you more about how you can use this form in Washington.
Who Should Issue the Document?
Last will is optional under state law. In its absence, the property of the deceased is divided between relatives following the laws of the state, and the division is conducted by the court. But the result of such a division can be very far from the wishes of a person. Therefore, it is worth protecting your loved ones and making up the last will.
Previously, it was believed that this document is necessary only for the rich, distributing their fabulous fortune to numerous relatives. But this is not the case. We advise everyone who cares about their family and has even the slightest savings to draw up this document.
What Last Will in Washington Can Be Used For
The most common purpose of using this form is, of course, property distribution. It can be:
In addition, last will can be used to:
Legal Rules for Creating a Last Will in Washington
Certain conditions must be met for the document to be recognized as legally correct and the court accepted it:
The form must be proven in probate court for the court to recognize the conditions set out in the last will. After that, the property can be distributed.
It is also worth mentioning that there is a simplified probate process for small estates. Small estates are considered up to $ 100,000.
Restrictions on the Distribution of Property
In Washington state, there are restrictions on the right to distribute property. These exceptions include:
What Happens If You Don't Compose Last Will
In the absence of a document, all your property will be divided between your relatives.
If you have no children but have a spouse or domestic partner, then all property will go to them. If, in addition to the spouse, there are living parents, then they can also claim a quarter of the property.
In the absence of next of kin, the court will begin to distribute property between more distant relatives ó siblings, grandparents, uncles, and aunts.
Changes or Cancellation of Last Will
Over the course of your life, your circumstances and desires may change, so it makes sense that you might want to make changes to the document. This is quite simple to do. You will need to write an addendum to the document and attach it to the original form.
If you want to undo the action of the document, then you have two options: