CONVENTIONAL

Will

Where an individual has wealth, it is important to have a Will written. A Will is a legal document that takes effect upon death of the testator (maker of the Will). The Will contains the last instructions of the testator to distribute his/her wealth to the chosen beneficiaries. As the Will is ambulatory in nature, it allows the testator to revoke or amend the Will during the testator's lifetime.

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In addition to leaving the final instructions to distribute wealth, the Will would normally include the following:

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• Appointment of experienced and knowledgeable executor to carry out the instructions in a timely and professional manner which can be fulfilled by members of ATCM;

• Appointment of the guardian to provide care for the minor children of the testator;

• Naming substitute beneficiaries in the residue of the estate and/or for each gift; and

• Testamentary trust for loved ones.​