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Monday, January 5, 2009

What Should I Put in My Holographic Will?

Depending on your estate, you will obviously want to include different directions in your holographic will. But in general, the following terms are included. (Note:
If you wish to include very specific and complicated terms in your will, it really might be best and/or necessary to contact a lawyer.)

(1) An Introduction. “I, Joe Smith, being of sound mind, wish to now declare my last will and testament, this being my official holographic will, written on December 22, 2008. (2) Body. “I name my daughter, Susie Smith, the executor of this will, giving her full rights in carrying out these instructions. I wish for all burial costs to be taken from my bank account prior to totaling the value of my estate. I then wish to leave the equally divided estate to two beneficiaries: one half of my estate to said Susie Smith and the other half of the estate to my younger daughter, Claire Smith. They may use the property and funds in whatsoever ways they see fit.” (3) Signature. Print you name in full along with leaving your dated signature right below your printed name.

Keep your holographic will in a safe place and notify your executor where you have placed your will. Be sure to update your holographic will if your circumstances become different and any changes need to be made.

(Legal Disclaimer: This article is for informational purposes only and in no way should replace the contacting of a lawyer for definitive legal advice. I am not a legal representative and take no responsibility in the efficacy of decisions made based on the information contained in this article.)

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