A simple will leaves your possessions to whom?
A.
A spouse
3.
Your spouse and a charitable organization
c.
Your spouse and in trust for other heirs
D.
A charitable organization
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A ‘will’ is a legal document intended for an individual to transfer one’s possessions to another who might be spouse, children or any charitable trust. This transfer will be typically executed after the death of the person.
In order to avoid conflicts, post death of the person, ‘will’ facilitates smooth transitioning of the legal possessions to the appropriate owners as wished by the testator. If spouse is not alive, it will go to the children.
It will be easier for the people in the family if ‘will’ is written and officially registered so that rounding the court will be avoided.
