What is a Will?

What is a WillA Will, also known as a “Last Will and Testament” is a written, legal document prepared and  signed by a person - called a testator if male, or testatrix if female - stating what happens to their   property, and who manages it, upon their death.  The person managing the property is called the   executor if male, or executrix if female.  This person may also be called the estate trustee.  More   than one person can be appointed to do this. 

The persons receiving the property are called  beneficiaries.  A Will may also express one’s wishes with respect to custody of minor children,  as well as funeral arrangements, but while these expressions are taken into account, they are not   binding.  There are formal requirements that must be adhered to in order for a Will to be legally   binding.

living will Vs Advance Directive

Do I need a Living Will

The term “Living Will” is often confused, or used interchangeably, with a Power of Attorney for Personal Care. The two documents are not the same. Another question often asked is: what is the difference between a Living Will, and a Last Will and Testament? Think of it in these terms: when you are alive, powers of

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What is a Will

What is a Will?

A Will, also known as a “Last Will and Testament” is a written, legal document prepared and  signed by a person – called a testator if male, or testatrix if female – stating what happens to their   property, and who manages it, upon their death.  The person managing the property is called the   executor if

Read More »