A will is a legal document which lists instructions regarding the distribution and management of your assets. A will technically directs finances only, with the exception of guardianship. A will is usually a first step in the estate planning process. However, because of the extra expense and complication of the eventual probate process, the emerging practice is to avoid using the will as the primary tool for estate planning.
Organization |
University of Minnesota Extension |
Publisher |
University of Minnesota |
Published |
July, 2013 |
Material Type |
Written Material |