The appointed Executor will be in charge of settling the Testator's debt after their death. 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. Any individual or organization can be a beneficiary. The Testator's Last Will needs to contain information about the beneficiaries that will receive an inheritance after the Testator's death. Any of these assets can be left to a person or organization if specified in the will. A Testator's assets may include anything from their real estate, pensions and bank accounts to vehicles, valuables, artwork and family heirlooms. If the Testator decides to hire a professional Executor, they'll need to set aside funds for their payments. An executor is an elected lawyer or accountant tasked with carrying out the Testator's wishes concerning their estate. In South Carolina a Last Will and Testament template will cover the following topics: Testators are free to decide on the contents of their will.
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