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There are four main types of wills: simple, testamentary trust, joint, and living wills. Each type is meant for different situations, satisfying varying individual needs and circumstances.
Form a last will in Louisiana Witnesses: At least two people must sign a declaration signifying that they have witnessed the testator signing the will or declaring the document to be his will. This must be done in the presence of a notary. Writing: A Louisiana will must be in writing to be valid.
When a will only deals with real property, it may be called a devise, and when a will only deals with personal property, it may be called a testament. If a decedent does not leave a last will and testament, their assets will be administered by a probate court.
Though it has been thought a "will" historically applied only to real property, while "testament" applied only to personal property (thus giving rise to the popular title of the document as "last will and testament"), records show the terms have been used interchangeably.
A last will and testament takes effect upon death and must go through probate; a living trust takes effect when a person is alive and does not go through probate.