Wills are instructions used to make a distribution of a Person?s assets to beneficiaries upon the decease of the Person. Wills are revocable and changeable during the lifetime of the person making the will.
The key terms of a will include:
a. Identity of the beneficiaries;
b. Identity of the property;
c. Instructions for distributing property to the beneficiaries;
d. Conditions for beneficiaries to receive the property.