Library

A Will As An Estate Planning Tool

Paul Gessaman (September, 1996)

Summary

Your will is a legally recognized and legally binding document that typically contains instructions that will guide the actions of your personal representative in the period following your death as he or she manages your business and personal affairs, cares for your dependents, and implements the succession of ownership of your property. Your will is implemented only after your death through the court-supervised probate of your estate. As long as you are of sound mind, you can change your will at any time prior to your death.