What is a Will?

A Last Will and Testament is a legal document stating a person’s intention for the settlement of his or her estate with regard to naming a personal representative (formally known as “executor”), paying final debts, and distributing any remaining assets to the named beneficiaries.

A Will is “probated” and must be presented to the Probate Court unless all assets have been disbursed previous to death or after death under the terms of a trust, a beneficiary designation (such as IRAs, life insurance) or assets passed by operation of law, such as joint ownership with rights of survivorship.

Through proper estate planning, the attorneys at Falco & Associates, P.C. are prepared to help you establish a Last Will and Testament that will insure that your final wishes are fulfilled.