A will has several functions.
Among other things, your will provides instructions for the disposition of your assets, i.e., who gets what, and therefore ensures that your wishes will be carried out after your death. In your will you also appoint the personal representative (formerly known as an executor or administrator) for your estate, i.e., the person who will marshal your assets, pay your debts, and distribute the rest as you have instructed. And if you have children, your will is where you take the critical step of naming their guardian or guardians for the unlikely but real possibility that both you and your spouse pass away while your children are still minors.HAVE QUESTIONS ABOUT AN ESTATE PLAN?
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