Last will and testament software for mac

Other expenses that need to be paid may include funeral expenses, final healthcare expenses, any costs of having the estate administered in court, and any outstanding taxes. By law, your legally enforceable debts must be repaid upon your death, if possible. The вЂњresiduary estate,вЂќ or вЂњresidue,вЂќ is the portion of the testatorвЂ™s estate comprised of the assets that remain after paying the testatorвЂ™s final debts and expenses and after any specific gifts named in the will have been given. Next, the testator will direct that all of his or her remaining debts and expenses are to be repaid out of the residuary estate. The first section states the testatorвЂ™s marital status as of the date of signing and identifies the names of any living children (biological or adoptive) that the testator may have. вЂњExecutingвЂќ here simply means the testatorвЂ™s act of signing the will in the presence of witnesses. The final sentence explains that any prior wills or codicils (amendments to wills) that may exist are no longer valid after executing this will. This means that the testator has the mental capacity to understand the contents of the will and so intends to create this will.

The paragraph appearing immediately after the title identifies the testator, lists the testatorвЂ™s address, and states that the testator is creating this will in sound body and mind. Note that some of these sections may be omitted from your document depending on how you answer the relevant questions. Explanation of Your Last Will and TestamentД«elow, you will find a detailed description of each of the main sections of the last will and testament in the order that they appear in the document.

Last will and testament software for mac