A will is a legal document that is written by you (the testator or will-maker) that dictates how your property and assets will be distributed upon your death. A will also directs any estate taxes that you may owe, appoints a person to administer your estate based on your requests or state law (executor/executrix), and appoints a guardian for minor children among other things. If you have any assets, you should create a will to ensure that those assets go to the people you intend to have them.
Status and Revision History
Published on Apr 12, 2017