Full Video Transcript
A will or testament, commonly referred to as a last will and testament is a legal declaration explaining how an estate or property will be managed after the writer of the will, called the testator, dies. Creating a will gives you sole discretion over what will happen to your assets, letting you decide who gets what. Generally, a last will and testament should contain the name of the person who will be in charge, called the executor, and ideally, it will be typed or printed out, and signed by the testator and witnesses. A last will and testament that reflects the wishes of a testator can provide the peace of mind that one's death will not cause additional, unnecessary stress and frustration for the most important people in one's life.