This wills package contains two wills for a man and woman living together with adult children. It is designed for persons that, although not married, desire to execute mutual wills leaving some of their property to the other and that have adult children. State specific instructions are also included.
The wills must be signed in the presence of two witnesses, not related to you or named in the wills. If your state has adopted a self-proving affidavit statute, a state specific self-proving affidavit is also included and requires the presence of a notary public to sign the wills.
The Indianapolis Indiana Mutual Wills Package of Last Wills and Testaments for Unmarried Persons living together with Adult Children is a legal document tailored specifically for individuals who are not married but are living together and have adult children. This comprehensive package includes a set of last wills and testaments that encompass their joint assets, property, and distribution plans after their demise. The package consists of several crucial components, including: 1. Mutual Wills: Mutual wills are legally binding documents that are created by both partners in a relationship to establish their testamentary wishes in sync with each other. These wills typically outline the distribution of assets and property of both individuals, ensuring that their wishes are respected and adhered to after their death. 2. Single Last Wills: In case one person within the unmarried partnership solely owns certain assets or property, the package may include single last wills to address the distribution of those individual assets. These wills enable the person to specify their desired beneficiaries and conditions of distribution. 3. Adult Children Provisions: As the package is specifically designed for unmarried individuals living with adult children, it incorporates provisions to address the unique circumstances involving adult children. This may include designating guardianship or trusteeship for any minor grandchildren, outlining specific bequests or provisions for adult children, or establishing trusts for their benefit. 4. Executor Designation: The package allows individuals to designate an executor or personal representative who will be responsible for managing their affairs, executing their wills, and ensuring that their wishes are fulfilled. The executor is typically someone trusted by both partners, often an adult child or a close family member. 5. Testamentary Trusts: Depending on the specific circumstances of the unmarried individuals and their adult children, the package may also include provisions for establishing testamentary trusts. These trusts can be created to ensure the ongoing management and protection of assets for the benefit of the surviving partner, adult children, or grandchildren. 6. Advance Directives: In certain cases, the package may also include advance directives such as a living will or healthcare power of attorney. These documents enable individuals to outline their preferences regarding medical treatments and appoint a trusted person to make healthcare decisions on their behalf if they become incapacitated. It is important to note that different providers or law firms may offer variations of the Indianapolis Indiana Mutual Wills Package for Unmarried Persons living together with Adult Children. Therefore, the specific names of the packages might vary depending on the provider or law firm offering the service.
