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A will is a basic estate planning document that permits a person to transfer personally owned property to whomever they wish, rather than as provided under state intestacy laws. A typical simple will, for a married person, contains the following provisions:
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Payment of just debts and expenses;
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Appointment of an executor;
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Specific bequests;
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Transfer of the entire estate to the surviving spouse;
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If no spouse, then transfer of estate to children or other heirs;
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Appointment of a guardian for any minor children.
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