Can a Last Will Dictate How Distributed Money from an Estate is to be Used by a Beneficiary?

Typically, a Last Will and Testament cannot be used to control the future use of an asset (including cash) once it has been distributed.

Usually, a Will can only designate the amount (or percentage) of the estate and name the beneficiary or beneficiaries.

A person can create a Will without the expense of an attorney by using Standard Legal’s Last Will and Testament legal forms software; such instructions are provided with the documents.

A Living Trust can provide such future asset controls, as it is a more highly complex structure. See Standard Legal’s Living Trust legal forms software for details.