A Comprehensive Overview of Private Trust and Wills

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Source: A Comprehensive Overview of Private Trust and Wills

A Will becomes effective only after death. It is a legal document that helps outlining the distribution of assets, naming an executor, and appointing guardians for minors. Its importance lies in ensuring your final wishes are respected and that your estate is distributed according to your design, rather than by default intestacy laws. However, a Will should undergo the public and time-consuming process of probate.