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A Will is a very important document. You should review it periodically to make sure that it expresses your intentions. Along with the provisions that deal with to whom you are leaving your property, there are several other provisions that are equally important to make sure that your Will functions that way you intend. Here are a few provisions that should be part of your Will:
- Waiver of bond for the executor
- At least one successor executor (in case the first named executor can't serve)
- Trust provisions if you have minor beneficiaries
- Comprehensive powers for the executor and/or incorporation of statutory powers
- Contingent beneficiaries (in case the primary beneficiaries are deceased)
- Self-proving affidavit (witnessed and notarized)
If you have a Will you should check it to make sure that these provisions are included.
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