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


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


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.


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 ?
"Fun!--fun!" repeated Nancy, indignantly, "I guess it'll be somethin' more than fun for that blessed child--when them two tries ter live tergether; and I guess she'll be a-needin' some rock ter fly to for refuge.
It'll be a good practice for him, and he won't put it on to the gal like you devils, neither."
It may be a smart to her now, but it'll save her pain i' th' end.
'However, it'll take us into the Fourth Square, that's some comfort!' she said to herself.
'It'll strike the hour in another quarter,' said the man: raising his lantern to her face.
It'll be an outstanding result if any one of them make it to the last four as from there a player can be in a position to spring a surprise,' Secretary PSF, Group Captain Tahir Sultan told.
'The condition looks like it'll be hot all day this year, last year we had a storm that came through that cooled us off so we stood it a little bit,' said Baldwin during the race's press conference Saturday at Boardwalk Tent.
IT'LL be loud, it'll be bright, it'll be a whole load of fun and tickets are already flying out of the door for a night at a popular Teesside club.
It's a mark of Bicep's incredible success story that when they play Custom House Square it'll feel like a massive homecoming event.
It'll be open normal hours leading up to Christmas, but will have slightly reduced opening hours Christmas Eve.
Martin Bowles, a meteorologist at the Met Office, said: "It'll be a wet and windy start today but the rain should come to a halt as it moves across the country and it'll stay dry and bright in Scotland.