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Monday December 11, 2017

The Attorney Says...

WHY A WILL?


Barry Benton, J.D., LL.M.
Master of Laws in Taxation & Estate Planning

Seventy percent of adults do not have an estate plan. Your Conference offers to all of its members, free of charge, the preparation of an estate plan, including a Will, Power of Attorney, and Living Will and Health Care Surrogate Designation form.

Why do you need a Will? Because your Will allows YOU to be in charge of the disposition of your assets at your death. If you have minor children, your will allows YOU to appoint the person who will raise your children for you. Your will also appoints a person of YOUR CHOICE as the "personal representative" (formerly called "executor") to collect your assets and distribute them according to the plan set out in your will. In short, your will puts YOU in charge.

Without a will, your assets are distributed according to the State's will, called "the rules of intestacy", which may not coincide with your desires.

For assistance with your estate plan, please call your Conference Trust Services office.

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