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Last Will and Testament Template - Oregon
An Oregon Last Will and Testament is a legal document written in order to set forth how an individual wishes their property to be distributed upon their death. It is also the document used for naming a guardian for any minor children or dependants the individual may have.
Certain Oregon-specific formalities must be followed when creating a Last Will or making changes to an existing one. If these are not observed one of two things can happen:
- When an individual dies without leaving a legal will their property and assets pass to their heirs according to the Oregon intestacy law.
- The estate may pass to the individual's beneficiaries under the terms of a prior will if it exists, can be located, and considered valid.
Oregon's Chapter 112 on Intestate Succession and Wills declares that the signing of the document must be witnessed by two (2) people. Click on this link to download a ready-made template or create your own document with our online form builder.
What Is a Last Will and Testament in Oregon?
A Last Will and Testament is a legally binding document created in order to enforce the Testator's wishes on how their estate should be distributed upon their death. The document addresses the distribution of personal property, real estate, and assets to individuals (like family or friends) and organizations (like charities or businesses).
The completed form must be thoroughly reviewed to make sure that all wishes are accurately reflected. The finished document must be signed and dated by the Testator in front of witnesses and certified by a notary. Testators must research the laws in their states or contact an attorney to revoke or change an existing will.
A final will and testament may be distributed among the beneficiaries by a chosen representative or executor at the wishes of the Testator.
How to Write a Will and Testament in Oregon?
Testators are free to decide on the contents of their will. In Oregon a Last Will and Testament template will 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 - Oregon
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