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Canadian Legal Forms > Wills, Gifts & Trusts > Wills > Multiple Executors - Wills > Will – Two Executors
Will – Two Executors
Creating a Last Will & Testament is a key part of financial planning, no matter how young or healthy you may be. It's essential to plan for the future of your survivors, and a Will is the most important legal document you can create to ensure that they won't be entangled in a lengthy probate process.
This Will is specifically designed for the situation where the testator (the person making the will) appoints two individuals to serve as his executors (also referred to as trustees).The Will instructs the executors to first pay off any of the testator’s debts or expenses. The remainder (referred to as the residue) will then be distributed to beneficiaries of the testators choosing. This Will also provides that if a beneficiary is not yet the age of majority, the executors will hold the funds in trust until the beneficiary reaches the age of majority.
This packet includes:
- Information on making a Will,
- Explanations of general terminology,
- Instructions on signing a Will, and
- Will Appointing Two Executors
Summary of Will Provisions:
- Named Two Executors
- Residue to Name Beneficiaries in disproportionate shares
See form: Will – Two Executors
Note: Some forms not suitable for use in the province of Quebec. Check form details.
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