The Last Will and Testament

A Last Will and Testament is a written instrument by which a person (called a "testator or testatrix") disposes of his or her assets at death. It allow you to decide and list who gets what. Specific personal items can be given to certain persons and you can choose which friends, relatives, charities, entities or institutions, or even strangers (all called "beneficiaries"), should recieve a share of your property. A Will disposes of everything that the you own in your own name (defined as the "probate estate"), including assets acquired after the Will was made.  Everyone should have a Last Will and Testament.