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Different Types of Wills

Many different types of Wills are available for many different types of situations. Choosing the right type of will in future can help your beneficiaries and family. What Type Of Wills Is Available? The following are examples of some of the many available types: Traditional or Simple Will Traditional or simple wills are usually a short or two-page document in which the will maker: After his death appoints an executor to manage his estate; and Usually give their entire property to their spouse and if their husband dies, then to their children. This wills generally only suit manufacturers with limited assets who are only in the first marriage with the children of that relationship. Will is generally unsuitable for will makers with mixed families and / or who have a more significant asset pool. Testament Trust Wills Wills testamentary trusts that provide benefits are more sophisticated than the traditional or simple wills discussed above. The testamentary