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Mississippi Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children

State:
Mississippi
Control #:
MS-511R
Format:
Word; 
Rich Text
Instant download

Description

This package contains two wills for a man and woman living together with minor children. It is designed for persons that, although not married, desire to execute mutual wills leaving some of their property to the other and that have minor children. Instructions are also included.


The wills must be signed in the presence of two witnesses, not related to you or named in the wills. If your state has adopted a self-proving affidavit statute, a state specific self-proving affidavit is also included and requires the presence of a notary public to sign the wills.



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How to fill out Mississippi Mutual Wills Or Last Will And Testaments For Man And Woman Living Together, Not Married With Minor Children?

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FAQ

Choose an online legal services provider or locate a will template. Carefully consider your distribution wishes. Identify a personal representative/executor. Understand the requirements to make your will legal. Make sure someone else knows about your will. Consult a lawyer if you have a more complicated estate.

A will can also be declared invalid if someone proves in court that it was procured by undue influence. This usually involves some evil-doer who occupies a position of trust -- for example, a caregiver or adult child -- manipulating a vulnerable person to leave all, or most, of his property to the manipulator instead

You and your spouse may have one of the most common types of estate plans between married couples, which is a simple will leaving everything to each other. With this type of plan, you leave all of your assets outright to your surviving spouse. The kids or other beneficiaries only get something after you are both gone.

Bank accounts. Brokerage or investment accounts. Retirement accounts and pension plans. A life insurance policy.

Include personal identifying information. Include a statement about your age and mental status. Designate an executor. Decide who will take care of your children. Choose your beneficiaries. List your funeral details. Sign and date your Last Will and Testament.

An executor of a will cannot take everything unless they are the will's sole beneficiary.However, the executor cannot modify the terms of the will. As a fiduciary, the executor has a legal duty to act in the beneficiaries and estate's best interests and distribute the assets according to the will.

Choose an online legal services provider or locate a will template. Carefully consider your distribution wishes. Identify a personal representative/executor. Understand the requirements to make your will legal. Make sure someone else knows about your will. Consult a lawyer if you have a more complicated estate.

Property in a living trust. One of the ways to avoid probate is to set up a living trust. Retirement plan proceeds, including money from a pension, IRA, or 401(k) Stocks and bonds held in beneficiary. Proceeds from a payable-on-death bank account.

A joint will is a legal document executed by two (or more) people, which merges their individual wills into a single, combined last will and testament. Like most wills, a joint will lets the will-makers name who will get their property and assets after they die. Joint wills are usually created by married couples.

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Mississippi Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children