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 ?
Only, Ellen, promise you'll not mention a syllable of his infamous conversation to my brother or Catherine.
You've got the beauty, you see, and I've got the luck, so you must keep me by you for your crooked sixpence; you'll ne-ver get along without me.
I'll tell you what I have in my head, sir," he said, "and I hope you'll approve of it.
So I'll give you a last word of advice: move on, for the sooner you do that the sooner you'll get to the Emerald City of Oz.
In no time you'll be a staid, middle-aged matron, and I shall be nice, old maid Aunt Anne, coming to visit you on vacations.
She shall not know," Trent said, "I'll promise you'll be perfectly safe with me.
You lie flat down on your back, and I think you'll find yourself all right.
That five-hundred acre tract beyond, you'll be lucky if they pay two hundred an acre.
I know how you feel jest now--but if you keep on living you'll get glad again, and the first thing you know you'll be dreaming again--thank the good Lord for it
Don't you know that if you go on like that, you will grow into a perfect donkey and that you'll be the laughingstock of everyone?
But you'll see how she has arranged her life--how calm, how dignified she is.
You'll have your own private apartments, and you'll have your coals and your candles, and all the rest of it, and you'll have your maid to attend upon you, and you'll have your light porter to protect you, and you'll be what I take the liberty of considering precious comfortable,' said Bounderby.