What is a Will?

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A will is an complex legal document. At the Willingham Law Firm, we have created thousands of wills through complex estate planning in McKinney, Texas. Many people have heard of one from various movies and television shows but very few know what one is exactly. Let’s iron out some of the specifics about what a will is before we get too much into the why and how of it. Where there is a will, there is a way A will, when boiled down to brass tacks is a legal document that offers instructions regarding property attached to the estate of the deceased. In layman’s terms, it is a document that lets you organize any and all personal assets upon your death. Many people tend to think a will is only for when you get older, but much like life insurance, it’s always better to have it and not need it than to pass away without it. People generally don’t like to think about death, especially related to their own death. But a will takes a lot of stress for your family out of the equations after your inevitable demise. Death is a tough thing for a lot of people to handle, why not make it a little bit easier for your loved ones by offering them guidance Estate The estate is a blanket term for any and all financial assets, debts, and/or property attached to an individual. Things such as real estate, stocks, jewelry, vehicles, and/or anything that has inherent value. Upon the death of an individual, a will would designate a specific person or entity as the executor; which will be discussed in greater depth below.