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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.


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.


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 ?
objectives to the survey work: 1)To quantify the observed willingness of consumers to pay for
We propose a multi-factor model and test several hypotheses using survey data collected from 431 global managers and 162 spouses/significant others that examine the degree to which individual, family, and organizational variables influence managerial willingness to accept not only the more traditional multi-year, but also the increasingly common traveling and short-term global assignments.
Residents of Alberta were the least likely to indicate willingness at 56%.
Perhaps we need to assess the madness of open borders in time of war as reflecting the retraction of God's protective hand, His spent tolerance with a purportedly Christian nation's sanctioned idolatry, and His willingness to supplant its people for others (be they Mexican Catholic or Arab Moslem) who bring their children to term.
1) The methodological challenges include the potential for hypothetical bias, temporal bias, sensitivity of willingness to pay estimates to multipart policy (i.
NSO Cabarrus visited the Craigs at the fair in 2005 and was impressed with the girls' knowledge and handling of their 4-H hogs, as well as their willingness to assist disabled veterans.
Merritt 7 was the ideal location and we are extremely pleased that the landlord's flexibility and willingness to accommodate Principal's needs made this deal happen.
Recently, Wann and colleagues have conducted a series of studies examining the willingness of sport fans to consider engaging in anonymous acts of aggression and other illegal behaviors.
SANTA CLARITA - Despite a near doubling of the number of rapes reported in Santa Clarita last year, police say the increase is not due to random attacks but rather an increase in victims' willingness to come forward.
Benefits of the exercise include an improved understanding of the scale and implementability of environmental interventions, enhanced understanding of conflicting perspectives, and a willingness to test novel ideas in search of win-win scenarios.
The CPA profession has a long history of a willingness to raise the bar on itself as it seeks to fulfill that commitment.
Yet taken as a whole, their work demonstrates a willingness to take chances in their pursuit of new hybrid forms, especially those that evoke the complex arrays of conditions and negotiations through which individuals interact.