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Will

A Concise Guide to Understand the meaning of a Will and its Types

by Skills.Money
in Blog, Personal Finance
Reading Time: 4 mins read
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A Will is a legal document that outlines who gets your property after you die. It also includes instructions on how to distribute your property, such as how much goes to each person, when and where it should be distributed, and so on.

It is typically written by a person who has reached the age of majority and then signed, sealed, and delivered to one or more designated executors or trustees.

For a will to be valid, it must conform to the specific legal requirements of the state or country in which it is created. Some states or countries require an attestation clause to validate a will. The attestation clause usually states that the choice was validly executed according to the state’s statutory execution requirements and has been validly witnessed.

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