A property will or last will and testament is a legal document that cites a person’s wishes as to how their property will be managed or distributed after their passing. The person (testator) assigns another person (executor) to manage the estate (property). The will ensures that your estate children or beneficiaries receive their inheritance. If no will was created, the estate distribution will be decided by state officials or judges. A property will is best created with a simple template.
Aside from estate distribution, you can also assign someone to look after your children when you die. This way, your children will be taken care of properly even after your death. Without a will in place, your children will be caught in a middle of a strife. Put things in place now with Template.net’s printable property will templates. These sample templates are editable through the website’s user-friendly editor tool. Just click your chosen preformatted template and you will be directed there. You will be required to sign up for a membership before you can download the template.
According to The Balance, in 2020, almost 25% fewer American adults had wills compared to 2017. Older adults are also less likely to have wills. In 2019, their number dropped by 20% and 25% fewer middle-aged adults had wills in that timeframe. In addition, according to Legal Zoom, 47% of the survey respondents conducted by Caring say that the reason for their delayed estate planning was due to procrastination. Whereas 29% of the respondents say they did not prepare or write a will because they believe do not have enough assets.
