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- A will, also known as a last will and testament, is a legally enforceable declaration of how a person wants their property and assets distributed after death12. It can also specify preferences for guardianship of minor children or funeral arrangements1. Without a will, these wishes may not be carried out, and settling affairs after death can be more complicated2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A will, also called a last will and testament, is a legally enforceable declaration of how a person wants his or her property and assets distributed after death. A will can serve other purposes. For example, a person can recommend a guardian to care for surviving minor children or state preferences for their funeral.www.investopedia.com/terms/w/will.aspA will is a legal document that sets forth your wishes regarding the distribution of your property and the care of any minor children after your death. If you die without a will, those wishes may not be carried out. Further, your heirs may end up spending additional time, money, and emotional energy to settle your affairs after you're gone.www.investopedia.com/articles/pf/08/what-is-a-will.…
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Last Will and Testament: Everything You Need to Know
WEBA Will, also known as a Last Will and Testament, is a legally prepared and bound document that states your intentions for the distribution of your assets and wealth after your death. In the event you have children, a …
WEBApr 3, 2024 · Investopedia / Hilary Allison. What Is a Last Will and Testament? A last will and testament is a legal document that communicates a person's final wishes pertaining to their assets. It...
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