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What are the most common elements of a will?

The will you create today will eventually be put to use in the future. This is why you need to make all the right decisions. One mistake, no matter what it may be, could leave your heirs in a difficult situation upon your passing.

To start, you need to better understand the most common elements of a will. These include but are not limited to:

-- The identification of family members

-- Tangible personal property, such as jewelry

-- Specific bequest

-- General bequest

-- Tax clause

-- Minors and incompetents

-- Residue

-- Guardian

-- Information settlement

-- Revocation clause

While some people understand the details associated with each element of a will, others have no idea of what they are looking at. For example, there are many questions to answer with respect to naming a guardian for a child under the age of 18. This is not something you should take lightly, as this person will be in charge of raising your child should something happen to you.

Your will should not be the same as the next person. And that person's will is not likely to be the same as yours. This is a personal decision that takes a lot of thought.

If you understand the most common elements of a will, you will find it easier to create a legal document that puts your mind at ease. This isn't something that is easy to think about, but you can make the process much easier on yourself by gathering the necessary information and details related to your situation.

Source: FindLaw, "Estate Planning: Answers to Common Questions," accessed Nov. 24, 2015

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