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An Arizona Last Will and Testament is a document in which a person, known as a Testator legally states what they wish to do with their assets once they pass away. Typically, these assets include real property, financial assets, bonds, cash, and other valuable property such as jewelry, art, and digital assets. The state of Arizona requires that two witnesses sign the document, attesting that the Testator is of sound mind when signing the will.
Arizona’s laws concerning Last Wills are as follows:
Definition of Will - §14-1201(61)
Laws - Title 14 - Trusts, Estates, and Protective Proceedings
Witnesses - According to §14-2502, the Will must be witnessed by two (2) witnesses.
Step 1 - Using your FormSwift Template, provide your name and gender.
Step 2 - State what city and county you live in.
Step 3 - Specify your marital status (i.e, single married, widowed, separated, etc.)
Step 4 - If you have any children, pets, property, or life insurance, describe them here.
Step 5 - Describe the names of your children, whether they are deceased or living, and if they will be named as beneficiaries. Also, provide the names of your children and pets.
Step 6 - Specify what you would like to leave each child. If assets are to be divided, specify what percentage each child receives.
Step 7 - If there is anyone you wish to set up a trust for who is mentally ill or disabled, provide that here. Setting up a trust for a person who is mentally ill or disabled can prevent them from experiencing any difficulties or qualification issues receiving Medicaid or Supplemental Security Income benefits.
Step 8 - State the age that your children must be in order to receive benefits from the trust, as well as the portion that they will receive. Finally, enter the age that your beneficiaries will be if and when the benefits will expire.
Step 9 - If there is a specific funeral home that you would like your body taken to, provide the name and address of the funeral home.
Step 10 - If the Grantor knows where he or she would like the meal after the funeral service to be held, as well as any other burial arrangements, specify that information.
Step 11 - Name your Executor - An Executor is a person in charge of administering your estate once you pass away. This can be a beneficiary in the Will, or someone else that you trust, such as your attorney or friend. It is important to name an Executor. If one is not named in your Will, the court will appoint one for you. Provide the following of your Executor
Would you like to appoint an Alternate Executor? If so, provide their name and relationship to you in this step.
Also, if there is someone you do not want to act as your Executor, perhaps someone you do not 100% trust, provide their name and relationship to you.
Step 12 - Trustee - If your assets are already set up in a trust, be sure to name a Trustee who will be responsible for distributing the assets out of this trust to beneficiaries.
Step 13 - If your assets are in a trust, provide the following information of your Trustee:
If there is someone that you don't want to act as your Trustee, provide their name and relationship to you.
Step 14 - If you have digital assets, provide the name of your Digital Executor
Step 15 - If you have minor children, provide the name of the Guardian that you wish to care for your children should you pass away, as well as their relationship to you.
Step 16 - Additional Beneficiaries - If you wish to appoint additional Beneficiaries, provide the following information below:
Step 17 - If there’s someone you wish to disinherit, provide the following information below:
Step 18 - Witnesses - Provide the following information for both witnesses:
Remember to sign your will, and have it signed by your witnesses in addition to being notarized by a Notary Public.