Definition of "Will"

Sandra Blank real estate agent
Sandra Blank, Real Estate Agent Realty Momentum

Usually a written document stipulating the disposition of one's assets at death. If this document does not exist at death, the assets are distributed according to state law. This document should include the following central points: name of individual who is to be responsible for carrying out the wishes of the deceased; name of guardian for any minor children; two notarized signatures of two witnesses; requirements for the disposition of property; and establishment of state of residence. This is of particular importance if there is ownership of property in different states.

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