Will

(redirected from he'll)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

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).
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in classic literature ?
He'll be as much to me as he has been all his lifetime.
Hahsomdiver, t' maister 'ull play t' devil to-morn, and he'll do weel.
und Heathcliff's noan t' chap to coom at MY whistle - happen he'll be less hard o' hearing wi' YE!'
there's no use waiting any longer on that foolish boy: he'll be gone to Gimmerton, and he'll stay there now.
For one thing, he's afraid he'll look at him some day and find he's growed hunchback."
"Well, now he'll come away," Petya thought every moment as he stood by the campfire listening to the talk.
"He t'inks he kin scrap, but he'll fin' out diff'ent."
If he don't come back for a year he'll be all right.
After midnight he'll likely be asleep, and they can slip around through the woods and hunt up his camp fire all the better for the dark, if he's got one."
"He'll want to score goals and I think he'll relish it.
He'll get wasted and argue the same side with you; you can agree with him totally but he'll still yell.