Related Definitions
What is a Will?
A legal document created by an individual to identify beneficiaries of an estate’s assets and appoint a third party to distribute the assets of an estate.
A legal document outlining an individual’s wishes regarding the distribution of their assets and care for dependents after their death. A will specifies how property should be allocated, names an executor to administer the estate, and may include provisions for guardianship of minor children. To be legally valid, a will must meet specific state requirements, including proper execution and witnessing. It serves as a foundational component of estate planning and is central to probate proceedings.
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