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Last Will and Testament Template - Alaska
An Alaska Last Will and Testament details how a person's possessions and property should be distributed after their death. The document has three main purposes:
- Selecting the beneficiaries to take possession of the individual's property after their death.
- Electing guardians for childcare.
- Setting up a living trust to take care of any animals left behind.
The person making the will is known as the Testator. The Testator must be at of age and of sound mind in order to create their will. The document must be done in writing to be recognized by the court.
The Alaska Last Will is defined by AS 13.12.921(2) and regulated by Chapter 12 (Intestacy, Wills, and Donative Transfers) . The document must be signed by two (2) people, preferably disinterested, meaning they are not beneficiaries of the will. Download a ready-made template below or create your own form with our form-builder.
What Is a Last Will and Testament in Alaska?
An Alaska Last Will and Testament is a legal document that is written by a Testator to ensure that their estate is distributed according to their wishes after their death. A Testator has to comply with certain requirements in order to be able to create a will.
- Age. A person must be over the age of 18 or an emancipated minor to legally be able to make a will.
- Testamentary capacity. A Testator must be of sound mind when composing their will. Having testamentary capacity means that the Testator has an understanding of what they are signing and are aware of the general nature and amount of property they own.
- Witnesses. All Last Wills must be signed and certified by a notary. Most states also require a legal will to be witnessed by least two people present during the signing of the document.
How to Write a Will and Testament in Alaska?
Testators are free to decide on the contents of their will. The Last Will and Testament in Alaska must cover the following topics:
- Executor. An executor is an elected lawyer or accountant tasked with carrying out the Testator's wishes concerning their estate. If the Testator decides to hire a professional Executor, they'll need to set aside funds for their payments.
- Assets. A Testator's assets may include anything from their real estate, pensions and bank accounts to vehicles, valuables, artwork and family heirlooms. Any of these assets can be left to a person or organization if specified in the will.
- Beneficiaries. The Testator's Last Will needs to contain information about the beneficiaries that will receive an inheritance after the Testator's death. Any individual or organization can be a beneficiary. Spouses, children, relatives, close friends or organizations such as your church or professional club can all receive the Testator's property and possessions if listed in their will.
- Debts . The appointed Executor will be in charge of settling the Testator's debt after their death. Any assets and property will go towards covering the cost of probate and funeral expenses, debts and mortgages before being split between the appointed beneficiaries.
Download Last Will and Testament Template - Alaska
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