(redirected from willingness)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.


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 periodicals archive ?
Only in the construction industry has the willingness to hire new employees increased, according to the research firm.
Among women, 'willingness to have a relationship with someone 10 years older was highest' among those in the 35-to-44 bracket - with 60 percent of them willing while only 21 are not.
However, we posited that the perception of higher value would further influence consumers' willingness to pay separately for the supplementary product.
Willingness to communicate is a key aspect of interpersonal communication (MacIntyre, 1994) and has been identified as a key leadership characteristic (Hackman & Johnson, 2000).
Another explanation for the similarity between local and global framings is rooted in the tendency of participants who were exposed to the local framing to increase their willingness to take personal-scale actions (e.g., prepare their home for an extreme weather event) whereas the global framing was more likely to result in an increased willingness to take policy-scale actions (e.g., contacting a representative).
In the same survey, 52.1 percent, who distrusted North Korea's willingness for denuclearization and establishment of peace in the past, said they changed their minds to trust it while 12.6 percent said they trusted it in the past.
"This is a welcome opportunity for DepEd to have a baseline data on the employers' willingness to hire K to 12 graduates," said DepEd Undersecretary for Planning and Field Operations Jesus Mateo.
A high rate of willingness was reported across age groups, with caregivers of children aged 0 to 4 years the most willing (61.3 percent).
Section A asking about the sociodemographic characteristics of the respondents, Section B asking about the knowledge of respondents regarding National Social Health Insurance Scheme and Section C asking about the willingness to pay for the scheme based on three different scenarios of implementation of the National Social Health Insurance Scheme.
Summary: Seoul [South Korea], Feb 25 (ANI): North Korea has expressed willingness to hold talks with the United States in a bid to improve relations.
ISLAMABAD -- Speaker National Assembly Sardar Ayaz Sadiq Sunday announced that Iran had shown willingness to hold speakers conference next year.
23668) Amy Finkelstein, Nathaniel Hendren, and Mark Shepard analyze enrollees' willingness to pay for health insurance and the impact of subsidy rates on insurer costs.