Related Definitions
What is a Statutory Will?
A simple, fill-in-the-blank type of will provided by state law, typically for individuals with small estates or those seeking an inexpensive estate planning option.
A will created using a form provided by state law, typically offering a simplified method for individuals to create a legally valid will without extensive legal assistance. Statutory wills often have specific requirements for execution and may limit certain provisions. While they are generally easier and cheaper to prepare, they may not address all individual circumstances or complex estate planning needs.
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