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How to Share Last Will and Testament Template

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In this video, Paul Rabelay, an estate planning attorney with 30 years of experience, offers guidance on quickly creating a valid will. He addresses the debate between those who believe it's essential to hire an attorney for will preparation and those who prefer to take on the task themselves. Rabelay acknowledges that many people experience stress and procrastination regarding will creation, especially when facing significant life events like trips. He emphasizes the importance of understanding the rules for drafting a valid will and aims to demonstrate how this can be accomplished efficiently. Viewers are encouraged to share their opinions on the matter in the comments.

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What does per stirpes mean for beneficiaries?

Per stirpes is a legal term that describes how your assets are divided and distributed. In Latin, per stirpes simply means by branch. If you choose to distribute assets to your children first, but then to their children should they pass away before you do, you have in essence set up your Will or Trust per stirpes.

What are the 3 types of beneficiaries?

Your beneficiary can be a person, a charity, a trust, or your estate.

Is there a free will template?

A free online will-maker, like FreeWill. FreeWill is one of the only free will-makers on the market, thanks to the support of our nonprofit partners. Our will forms are easy to follow, customized to you, and include instructions to make your will legally-valid based on the state where you live.

What does share mean in a will?

all words any words phrase. share and share alike. adj. referring to the equal division of a benefit from an estate, trust or gift, which includes the right of the survivors to divide the portion of any beneficiary who dies before receiving the gift.

What is the difference between per stirpes and share and share alike?

Share and share alike means that each person has an equal portion of the allotment. Another phrase used in wills that means the same thing is per capita. Per stirpes (pronounced /per stur pees/) is another way to designate allotment in a will, this time by a group of people.

Does Microsoft Word have a last will and testament template?

Does Microsoft Word have a will template? The Last Will and Testament Template, available for free, is compatible with all Microsoft Word versions from 2003 onwards.

What does equal shares per stirpes mean in a will?

Per stirpes basically means that all beneficiaries will receive an equal share. If any of those beneficiaries is deceased, their descendants will receive their share. (This is where the term by representation applies.)

Where can I download a will template?

Net Lawman provides last Will and testament templates that you can download and edit on your computer. If you would like peace of mind that your wishes will be carried out, we can review your edited document.

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