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In Virginia, a Last Will and Testament is a legal document that transfers someone's assets to their beneficiaries once they die. The person who creates the Will is known as the Testator. Testators use a Will as a means of protecting their assets and ensuring that their belongings go to the people they want to have them. It can also be used to appoint a guardian for minor children, set up charitable donations, or establish a trust to ensure that pets are cared for after the Testator’s death. In Virginia, this document must be signed by two witnesses in addition to being signed by the Testator. The signatures of the witnesses help ensure that the Testator met the legal requirements to create the Will and that they created it because they wanted to do so and not because they were forced to do so. After the document is legally executed, it should be kept in a location that is secure and also easy to access.
Definition of Will - §64.2-100
Laws - Title 64.2 Wills (Wills, Trusts, and Fiduciaries)
Witnesses - According to §64.2-403, the Will, in order to be valid:
Step 1 - Using the template provided by FormSwift, enter your legal name, followed by your gender.
Step 2 - Enter your city and county of residence.
Step 3 - Choose your marital status from the following:
If you are married or separated, provide the name of your spouse.
Step 4 - If you have children, pets, property, or life insurance policies, indicate that during this step.
Step 5 - First, enter the names of your children, if they are living, and whether or not they will be named as beneficiaries in your will. Then, enter the names of your pets, if you have any. Finally, enter provider information you have about life insurance policies you own.
Step 6 - Provide the amount of money or percentage of your property you’d like to leave each child.
Step 7 - If you’d like to set up a trust for someone who is mentally ill or with a disability of some kind, mention it here. Setting up a trust for a person with special needs or a disability, especially if they require special care, can prevent interference with their ability to receive Supplemental Security Income and Medicaid benefits.
Step 8 - Provide the age that your children must be in order to start receiving benefits from their trust. Next, list how much of the trust will be received. Finally, enter the age they will be when the benefits end.
Step 9 - If you would a specific funeral home used, enter that information here.
Step 10 - Would you like a specific food to be served at the meal after the funeral service? Would you like the meal to be served at a particular place? If you have that information or other specific burial arrangement information, enter it here.
Step 11 - Naming your Executor - Your Executor is a person who is charged with administering your estate once you pass away. Your Executor can be a beneficiary in your Will or your attorney. If you do not name an Executor, the Virginia probate courts will name one for you, and it may not be someone you wanted. Provide the following information to name an Executor:
Also, if you’d like to provide an alternate Executor, or if there is someone you do not want to act as your Executor, provide their name and relationship to you as well.
Step 12 - Appointing a Trustee - If your assets are set up in a trust, you must appoint a person, known as a Trustee, to disperse your assets after you die and according to the terms of the trust. You may also wish to appoint an alternate Trustee. If your assets are in a trust, provide the following information for the Trustee and alternate Trustee:
Step 13 - Digital Executor - A Digital Executor is someone charged with distributing your digital assets. Digital assets can include, and are not limited to, trademarks, copyrights, valuable photos, digital currency, etc. If you have digital assets and wish to appoint a Digital Executor, provide the following information:
Step 14 - Guardian for Your Minor Children - If you have minor children, use this step to appoint a guardian and an alternate guardian to care for them if you die. You may also wish to appoint a conservator. For the guardian, alternate guardian, and/or a conservator, provide the following information:
Step 15 - Additional Beneficiaries - If you wish to appoint additional beneficiaries besides your children, provide the following information for each:
Step 16 - Disinheriting a Beneficiary - If you want to disinherit a spouse, a child, or another beneficiary, provide the following information:
Step 17 - Witnesses - Provide the following information for each of the witnesses in your Will:
When you sign your will, your two witnesses need to be present and ready to sign as well. After your will is signed, keep it someplace safe yet easy to access.
Creating a legal last will and testament in the State of Virginia is a crucial step in the estate planning process. When creating a will, you can name an executor who will be responsible for carrying out the directions you place within the document. Your will can include the distribution of all of your assets including real estate, personal property, vehicles, jewelry, and any other personal effects. Assets can be left to anyone. If you want to ensure that your loved ones are taken care of, it is important that you carefully explain how your assets should be distributed in a last will and testament. Guardianship appointments, pet trusts, and charitable donations can also be made in a last will and testament.
According to Virginia law, a last will and testament is not legally required. There are many advantages to having one.
Without a Virginia will, intestacy laws become enacted. The Virginia probate court would make decisions about your assets and appoint a guardian, and it may not line up with your wishes. In the State of Virginia, a surviving spouse will inherit the entire estate left by the testator. Conversely, if there are only surviving children and no spouse, the children would split the estate. If there are both a surviving spouse and children from a different relationship, the spouse would inherit one-third of the estate with the rest going to the children. If there is no surviving spouse or children, the courts will determine the next closest relative to inherit the estate. If no relative is located, the State of Virginia becomes the beneficiary of the estate.
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