Last Will and Testament:
Last Will and Testament is the final wishes of the testator by specifying the purpose and provisions relating to assets, liabilities and the distribution of assets to the heirs (Descendants) after the testator’s death, funeral administration, appointment of an executor of the estate, etc. If a Will has not been executed, the deceased’s estate will be passed on to the legitimate heirs. In general, it refers to the deceased’s parents, spouse, children, uncles, aunts and relatives of the deceased. In some cases, the distribution of the deceased’s estate doesn’t meet the needs of the deceased as she or he may want to give the estate to a specific person or may not want that person to inherit. If a Will is not made, then the conditions mentioned above cannot be determined.
What are considered the inheritance of the testator?
The inheritance can be property, rights, duties, liabilities of the testator which includes the inheritance existing at the time of making a Will or that may occur in the future such as houses, land, cars, cash, bank accounts, stocks, etc.
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