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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.


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.


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 ?
Twenty percent are willing to drive 5+ hours to see their child's sporting event, while only 9 percent are willing to drive that same amount of time to see their favorite professional football team play.
Despite the annoyance of waiting in line, Americans still aren't willing to shell out cash to bypass the inconvenience.
I am willing to die in that ring - it is as simple as that.
The omnibus survey showed 34% of mortgage holders in the UK would be willing to pay a higher monthly amount to fix despite the UK still experiencing historically low interest rates.
A survey by PricewaterhouseCoopers has indicated that British customers are willing to pay for digital banking services.
Those who aren't willing to give should go to the bottom of the waiting list.
Those wishing to conceive would sacrifice most things to have a baby, with more than 90% willing to cut down on saving for the future and everyday activities in order to fund fertility treatment.
But times are changing, and a new generation of lenders is demonstrating that they are willing and capable of providing both construction and permanent loans for these owners.
New research by Gilbran found that only 19 per cent of British drivers said they would not be willing to pay anything extra to ensure their cars were carbon neutral and recyclable.
Despite the implication in this statement that the administration plans to stop illegal immigration and then only allow limited legal immigration, the reality is that the administration plans to legalize all current illegal immigrants--and facilitate the legal migration of any willing persons across the three countries' borders.
The main problem with this argument is that E is comparing situations in which a reduction in value is appropriate because a willing buyer would have to assume any burden associated with the property--paying taxes, zoning costs, lack of control, lack of marketability or resale restrictions.
Be willing, and you will gain access to whatever you need to get the job done.