Will

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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 periodicals archive ?
The Indian government has said that wilful defaulters owe INR643bn to public sector banks in the nation.
with wilful defaulters, get rid of bad loans U NION finance minister Arun Jaitley raised the issue of rising bad loans, or non- performing assets ( NPAs), with chiefs of public sector banks ( PSBs) and the need to initiate strict action against wilful defaulters on Monday.
Nurses Natalie Jones, Rebecca Jones and Lauro Bertulano have all admitted wilful neglect charges, while Clare Cahill has denied six charges of wilful neglect and Jade Pugh denied three.
Jade Pugh, 29, faces three charges of wilful neglect, while Natalie Jones, 40, has been charged with four counts.
Kathryn Ann Jackson, 40, of Hawthorn Drive, Guisborough; Louise Southeran-Darley, 34, of Burke Place, Hartlepool; and Barry Etherington, 49, of Darlington Lane, Stockton, all deny wilful neglect of Janet Evans, who is said to "lack mental capacity".
She was arrested at Heathrow Airport on Tuesday evening and taken back to West Yorkshire for questioning The three children, aged 11, six and five, were discovered alone in their house last month in Burley, Leeds, after police were alerted by a neighbour A police spokesman said: "A 33-year-old woman has been arrested on suspicion of wilful neglect in relation to an incident in Burley on Saturday, August 30, in which three children were found at an address with no adult present.
You seem to have been happy to vote for a wilful house by Laurie Chetwood, which will assuredly look pretty tatty in a few years (months?
Wright's husband, Craig, who was also convicted of manslaughter and wilful neglect, was jailed for three years.
It consists precisely in the direct and wilful elimination of an innocent human being (John Paul II, Evangelium vitae, 57).
At a minimum, TEI strongly urges the Department to ensure that the penalty will only apply to wilful misconduct of employees and not to acts or omissions involving "indifference.
According to latest figures, about 7,035 wilful defaulters owe INR590bn to Indian state-run banks.
THE Calcutta High Court has stayed the United Bank of India's ( UBI) order declaring the beleaguered Kingfisher Airlines and its directors as wilful defaulters.