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 classic literature ?
it is because you have no love," cried Mary; "if you loved, sire, you would have a will.
See," said she, "the carriages have stopped, my sister waits for me, the time is come; what you are about to decide upon will be decided for life.
The captain watched the departure of the horses, horsemen, and carriage, then crossing his arms upon his swelling chest, "When will it be my turn to depart?
When it is time, God will tell me, as he foretold the others.
or shall I say we are all very sorry for what has happened during the last thirty years, and my daughters wish they had never been born; but since they have had that misfortune, they will be thankful for any trifle their grandpapa will be kind enough to bestow?
I will give it you with pleasure," the Secretary answered, "although I imagine that he would be quite willing to see you on your own request.
He will assume that if virtue is knowledge, then virtue can be taught.
Willing emancipateth: that is the true doctrine of will and emancipation-- so teacheth you Zarathustra.
There were signs now that his will was ceasing to serve him.
Six months after he had made that will he came in here and made another.
When I have stated the case to Lady Verinder as the case now stands, and when I have told her plainly what course of action to take for the recovery of the Moonstone, the responsibility will be off my shoulders.
I discoursed about it with my partner, who thereupon made a most generous offer: "You know it has been an unlucky ship," said he, "and we both resolve not to go to sea in it again; if your steward" (so he called my man) "will venture the voyage, I will leave my share of the vessel to him, and let him make the best of it; and if we live to meet in England, and he meets with success abroad, he shall account for one half of the profits of the ship's freight to us; the other shall be his own.