Simple wills

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Updated: 4/13/2007 3:35 pm
A will is a declaration, usually in writing, that distributes your property after your death. In your will, you decide who will inherit your property, administer your estate, and take care of your children. In order for a will to be valid, the laws of most states require that you be a certain age, usually eighteen, that you are of sound mind, and that the protocols required by law are followed. In most instances, this means that there must be a written document, that you sign the document, or some other person signs it for you in your presence and by your explicit direction, and that it be attested and signed by two or more credible witnesses in your presence. For most persons, with an estate totaling less than $600,000 (600 thousand dollars), and a rather uncomplicated family and business life, drawing up a simple will is not difficult, and the document needn't be long. You can pay anywhere from $100 to $250 for a simple will. Fees depend upon how complicated the will is, and the price ranges of individual law firms.

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