Last Will + Testamentary Trust

Real property is land and anything attached to it (i.e. can't be easily removed).  

In this section you'll need to include:

1. The mailing address of the property OR the [city], [county], [state], and [zip code] of where the property is located; and
2. The name(s) of the intended beneficiary/beneficiaries.

For Example:

"I leave my home located at 111 Main St., Lexington, TN 38XXX to by brother Ted Smith."

"I leave my 50 acre farm located in [city], [county], [state], [zip code] to my daughter Sue Smith."

Personal Property is any property that isn't real property (i.e. jewerly, furniture, etc.).

In this section you'll need to include:

1. A description of the personal property (i.e. living room furniture, gold watch, etc.); and
2. The name(s) of the beneficiary/beneficiaries.  

The "description" can either be specific or general.

For Example:

"I leave my golden, state championship ring to my son, John Smith."

"I leave all my household furniture to my grandchildren, Billy, Bobby, and Teddy Smith."

If you would like to include the contents of your bank account or other account, enter that information below.

In this section you'll need to include:

1. The type of account (i.e. checking, savings, etc.)
2. The name of bank/institution;
3. The location of the bank/institution; and
4. The name(s) of the beneficiary/beneficiaries.

For Example:

"I leave the contents of my checking account at Big Bank in Lexington, TN 38XXX to my wife, Jill Smith."

NOTE: If you have more than one of the same type of account in the same bank/institution you will need to include the last four (4) digits of the account numbers.

 

A trust is a legal document wherein you, the Settlor, place certain property in trust for the benefit of the named Beneficiary/Beneficiaries.  You will also name a Trustee or Co-Trustees to manage and distribute the property per your instructions.

In this section you will need to include:

1. A descpription of the property you would like to place in trust;*
2. The name(s) of the Beneficiary/Beneficiaries;
3. The name(s) of the Trustee/Co-Trustees; and
4. Instructions for the Trustee to follow.

For Example:

"I direct that my Trustee is to distribute the trust property to the beneficiary when the beneficiary attains the age of 21."

*If the property is real property (i.e., land, home, etc.) you will need to include either the mailing address OR the [city], [county], [state], and [zip code] of where the property is located.  If the property is money, you will need to include (i) the amount, (ii) the name and location of the bank/institution where the money is kept, and (iii) the type of account (i.e., checking, savings, etc.).

NOTE: IF YOU ONLY HAVE ONLY ONE TRUSTEE AND ONE BENEFICIARY, THEY CANNOT BE THE SAME PERSON.