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 periodicals archive ?
If you are looking for something more, you have to find the partner that is willing to fulfil your desires.
But they have definitely said that they are willing to face,' the spokesperson said.
The study that included 3,897 mobile bank app users indicated that age is the biggest influence on whether a person is willing to pay for mobile banking apps.
Just 38% of Gen Xers and 35% of baby boomers are willing to pay $1 per month for their mobile banking apps, according to S&P Global.
Among the household heads willing to pay for a circumcision, 59% indicated that they would be willing to do so if it cost them 500 shillings or less; much smaller proportions showed willingness to pay if the procedure cost 1,000 or 2,000 shillings (29% and 20%, respectively).
Despite the annoyance of waiting in line, Americans still aren't willing to shell out cash to bypass the inconvenience.
When a polling firm asked the survey participants about steps they would be willing to take to hold down health care costs, 88 percent said they would be willing to switch to generic drugs, or already have, and 74 percent said they would be willing to get, or already are getting, more preventive screenings.
The study also revealed of those willing to pay more, 30% were willing to pay an extra pounds 26-50, 24% an extra pounds 1- pounds 25, 18% an extra pounds 100 and above, and 13% between pounds 51-pounds 75.
A total of 95% would lower their pension contributions, 91% would cut down on savings, 93% would stop buying new clothes and most would be willing to sell their possessions or take on extra work.
The people at Willing Heart are truly committed to revitalizing the city of Newark, and Metropolitan Baptist Church Reverend David Jefferson describes the center best: "Do you know why we call it Willing Heart?
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.