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Person who makes the will to ensure their assets are distributed according to their wishes after their lifetime.
Individual appointed to carry out the instructions and wishes specified in the will.
Person or entity who receives assets or property as specified in the will.
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A will is a legal document that communicates a person's final wishes pertaining to assets and dependents. It becomes active after their death and includes instructions for distributing property, establishing guardianship for children, and more.
Creating a will ensures your assets are distributed according to your wishes, prevents family disputes, and provides clear instructions for the care of dependents. It simplifies the legal process for your loved ones during a difficult time.
It's advisable to create a will as soon as you acquire significant assets or have dependents. Major life events like marriage, having children, or acquiring property are good times to create or update your will.