LAST WILL AND TESTAMENT

A last will and testament is a legal document that lets you, the testator (the person making the will), designate individuals or charities to receive your property and possessions when you pass away. These individuals and charities are commonly referred to as beneficiaries in your last will. A last will also allow you to name a guardian to care for minor children. The main purpose of a will is to ensure that the testator's wishes, and not the default laws of the state, will be followed upon the testator's death.

WHAT HAPPENS IF I DIE WITHOUT A WILL?

In the event you have assets and there is no relative to claim them, then article 572 of the Civil Code, section CH-6, establishes the following: The Education Boards from the jurisdiction where the assets are located will be declared as the heirs. If there are assets in more than one jurisdiction, the Probate will take place in the jurisdiction where the most assets are located.

SO,
• IF YOU NEED SOMEONE TO SETTLE YOUR AFFAIRS
• CHOOSE WHO WILL RECEIVE YOUR PROPERTY
• DECIDE WHO YOU WANT TO RAISE YOUR KIDS