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Simply put, an estate plan is a broader plan of action for your assets that may apply during your life as well as after your death. A will, on the other hand, dictates where your assets will go after you die, who will be the guardian of your children and more.
Generally speaking, there are three kinds of Wills: (1) holographicwritten entirely in the handwriting of the person writing the Will; (2) standard, formal typewrittenprinted or typed; and (3) partially handwritten and partially typed. The requirements for a valid Will are different for each type of Will.
A testamentary will, aka a traditional last will and testament, is a legal document used to transfer a persons assets to beneficiaries after death. To be valid, testamentary wills must contain certain language, indicating who is making the will and revoking all previous wills, and must be signed.
Generally speaking, there are three kinds of Wills: (1) holographicwritten entirely in the handwriting of the person writing the Will; (2) standard, formal typewrittenprinted or typed; and (3) partially handwritten and partially typed. The requirements for a valid Will are different for each type of Will.
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Although every Will is different, each should have the following information: Heading, Marital History, and Children. Debts and Taxes. Disposition of Assets. Guardianship. Executor and Trustee. Executor and Trustee Powers. No Contest Provision. General Provisions.
Generally speaking, a will is a legal document that coordinates the distribution of your assets after death and can appoint guardians for minor children. A will is important to have, as it allows you to communicate your wishes clearly and precisely.
A Will-based plan is an estate plan that does not include a Living Trust to hold title to the assets. If a Family Plan is chosen, which is a will-based plan, the legal documents will include a Health Care Directive, Power of Attorney, a Will and, if there are minor children, a Kids Protection Plan.
A simple will also called a basic will is one of the most common will types. In it, you state who you want to have your property and assets after you die. Some people think a lawyer has to write a will for it to be valid. Others think a will is too complicated a document to make on their own.
Attested Written Wills By far the most common type of will, an attested written will is typed and printed, then signed by the testator and two witnesses. Witnesses must either see firsthand the testator signing the document or hear the declaration of the will.

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