Will

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Related to Wills: Living Wills

Will

A document stating how and to whom a person wants his/her property transferred after death. In addition to transferring property, a will may specify how certain responsibilities are to be performed. For example, a will may state who shall take care of the decedent's minor children, how they are to be educated, and so forth. A court must enforce the provisions of a will unless there is some overriding legal reason for it not to do so. Many advisers recommend writing a will to ensure that the writer's wishes are carried out.

Will.

A will is a legal document you use to transfer assets you have accumulated during your lifetime to the people and institutions you want to have them after your death.

The will also names an executor -- the person or people who will carry out your wishes.

You can leave your assets directly to your heirs, or you can use your will to establish one or more trusts to receive the assets and distribute them at some point in the future.

The danger of dying without a will is that a court in the state where you live will decide what happens to your assets. Its decision may not be what you would have chosen, and its deliberations can be costly and delay settling your estate.

will

An instrument by which a person directs the disposition of assets after death.At one time the term will referred to disposition of real property, and a testament was a disposition of personal property,hence the expression “last will and testament.”Today,will covers all properties. See also holographic will (handwritten), nuncupative will (oral), intestate succession (dying without a will), and escheat (dying with no will and no heirs).
References in classic literature ?
In her first effort at being very, very good, she decided to make her will, as Aunt March had done, so that if she did fall ill and die, her possessions might be justly and generously divided.
People from the part of Northern Ohio in which Winesburg lies will remember old Windpeter by his unusual and tragic death.
They will yet find the Huron a singing-bird," said Duncan, endeavoring to adopt the figurative language of the natives.
screams Marija Berczynskas, and falls to work herself-- for there is more upon the stove inside that will be spoiled if it be not eaten.
Let every man make known what kind of government would command his respect, and that will be one step toward obtaining it.
It will not answer to mix methods, Father; neither would it be professional courtesy.
Well," sighed Miss Maxwell whimsically, "prodigy or pearl, the Randall Protective Agency may pull Rebecca in opposite directions, but nevertheless she will follow her saint.
I would never think of running a hundred miles to see an old lady who will, perhaps, be dead before you reach her: besides, you say she cast you off.
Signed, sealed, and delivered, this third day of November, eighteen hundred and forty-seven, by Noel Vanstone, the within-named testator, as and for his last Will and Testament, in the presence of us -- "
He is going to pay the forfeit: it will be paid in five minutes more.
Only be a loving child to me in my age, and bear with my whims and fancies; and you will do more for an old woman whose prime of life was not so happy or conciliating as it might have been, than ever that old woman did for you.
I will tell you: it is because he is away upon my business, and I hear that his wife Anadi is sick--it is she who lies there, is it not?