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 ?
He didn't seem, on second thoughts, to feel that this was quite such a brainy scheme as he had at first, and it wasn't long before he came trotting back to tear up this second will and switch back to the first one--the one leaving the money to the niece.
He wrote that Ira Nutcombe of whom they had spoken so often had most surprisingly left him in his will a large sum of money, and eased his conscience by telling himself that half of a million pounds undeniably was a large sum of money.
Unless the Will should at last deliver itself, and Willing become non- Willing--:" but ye know, my brethren, this fabulous song of madness!
Away from those fabulous songs did I lead you when I taught you: "The Will is a creator.
All "It was" is a fragment, a riddle, a fearful chance--until the creating Will saith thereto: "But thus would I have it.
Hath the Will become its own deliverer and joy-bringer?
Something higher than all reconciliation must the Will will which is the Will to Power--: but how doth that take place?
I like it; we have such nice times, and Will is there, and we bake little johnny-cakes in the baker before the fire, and they sing, and it is so pleasant.
This will do; but why you women always stick tassels and fringe all over a sofa-cushion, to tease and tickle a fellow, is what I don't understand.
cause you look as if you were more tired of studying than Will," said Maud, with some hesitation, but an evident desire to be useful and agreeable.
I heard Will talking about Publics and Privates, and I meant to ask him, but I forgot.
I never saw him there; he sent up some books one day, and Will teased her about it.