A will is a legal document which contains specific instructions to the Probate Account as to houw your property is to be administered and distributed after your death.
Bequests can be made in these categories:
- Specific Bequest – a precise dollar amount, property item or specific percentage of the estate.
- Residual Bequest – the remainder of the estate after settlement.
- Contingent Bequest – naming St. Bernard as an alternate or contingent beneficiary.
A will can go into effect only after you die and cannot provide any protection during life in case of your incapacity. St. Bernard can provide guidelines for each type of bequest which will give you the flexibility of adding to or modifying you Will without the need for it to be rewritten.