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Last Will and Testament Template - Minnesota
A Minnesota Last Will and Testament is a legal form that allows an individual - also known as a Testator - to identify who should receive their property, elect guardians for their minor children, and put an agent in charge of carrying out their wishes. There are two other parties named in a will: an Executor (the agent appointed by a Testator to carry out the terms of the will), and a Beneficiary (a person deriving advantage from the will).
Preparing the document also minimizes tensions among surviving family members - battling over possessions can weaken what may have been a strong family.
The Minnesota Last Will, available for download below, is defined by § 524.1-201(58) and regulated by Chapter 524 of the Uniform Probate Code . The document must be signed by two or more people. Click on this link to create your own form with our online customizable template.
What Is a Last Will Testament in Minnesota?
A Last Will and Testament is a legal document through which an individual is permitted - within the formalities prescribed by law - to control the distribution of their assets and estate. There are three parties to any will:
- A Testator - a person who dies leaving a will in force.
- An Executor - a person tasked with carrying out the Testator's wishes according to their will.
- A Beneficiary - a person, organization or community selected to receive the assets of the Testator.
How to Write a Last Will and Testament in Minnesota?
Every Testator is eligible to choose what to include in their will. However, several important topics are universally recommended for the document. The Testator has to take the following steps when creating their will:
- Decide what property to include in a will. List significant assets and choose the ones that are to be distributed.
- Decide who will inherit the aforementioned property. Alternate (contingent) beneficiaries must be mentioned in case the first choices do not survive the Testator.
- Choose an executor to handle the estate. The Executor must be a person who is willing to carry out the terms of the will.
- Choose a guardian for children and a caregiver for pets. This guardian must be willing to manage the children's property if the property is left to underage children or young adults.
- Sign the will in front of witnesses. The Testator's signature must be notarized as well.
- Store it safely. The Testator must instruct their Executor on how to get access to the will when the time comes.
Download Last Will and Testament Template - Minnesota
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