The Will, more formally known as a Last Will and Testament, names Executors and Guardians for minor children and can take several forms.

The first, a Simple Will, provides for a basic distribution to the individual’s spouse and/or descendants with no restrictions or trust provisions.

The second, a Pourover Will, is a document that essentially pours all of the individual’s assets into his or her Revocable Living Trust at death, to be administered by the Trustee under the terms of the Trust document.

The third, a Complex Will, provides for the distribution of the individual’s assets but creates testamentary trusts (created at death) to hold the assets and distribute them as the document provides.