Last Will & Testament
A Last Will and Testament is basic estate planning tool, which allows you to stipulate the manner in which your estate will be distributed and to whom. A Last Will and Testament, with pour-over provisions, may also be utilized as a compliment to your Family Revocable Trust. One of the main downsides to using a Last Will and Testament only, is that in most cases, your loved ones will be required to proceed through the probate process, which is costly and time-consuming.
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