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?I give all of my personal property and all proceeds of insurance to my spouse, [spouse's full name]. If they do not survive me, I give all proceeds to my children in equal shares. To [full name], I bequeath my record collection and turntable. To [full name], I give my 1967 Mustang.?
It's an evocative image, and one that many people believe is the truth. The reality is that this does not happen ? there is no actual formal reading of the will. Therefore not all of the beneficiaries need to be present when the will is looked at.
In actuality, there is no formal ?reading of the Will.? Rather, when someone passes away, the Will is ?admitted? to the probate court, at which time the court appoints an Executor who is responsible for settling the estate. (Typically, the Executor was named by the deceased in his/her Will.)
Name the beneficiaries. For each asset, name a beneficiary?the person, profit or non-profit organization or other entity to receive your asset(s) once you pass. You can choose one or many. If there is anyone who should not receive the asset in question, be sure to name them as well.
What is a simple will? State that the document is your will and reflects your final wishes. ... Name the people you want to inherit your property after you die. ... Choose someone to carry out the wishes in your will. ... Name guardians to care for your minor children or pets, if you have them. Sign the will.