![]() ![]() Last Will and Testament – A document created by a person, “testator”, to convey their wishes regarding the distribution of their estate after they die. ![]() Both documents are used to instruct representatives in how to distribute the principal’s assets after they die, but they each have their unique benefits and drawbacks. Benefits from governmental programs or civil or military service Īn essential stage in the estate planning process is drafting a Last Will and Testament or a Living Trust. ![]()
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