What are Wills?
Wills are legally binding documents that state exactly what should happen in the event of a person’s death. Wills are meant to protect a person’s money, physical property, and children. Many people only require basic wills, which can be created with the help of inexpensive computer programs. In basic wills, transfer of possession of goods and matters regarding life insurance payouts are covered. Any money in savings, checking, or other bank accounts is assigned to the person or people the will writer selects. If minor children are involved, the will writer also designates a guardian for the child or children. Information regarding the transfer or sale of houses owned by the will writer are also included in wills. Other items designated in wills include furniture, cars, jewelry, pets, expensive clothing, and any other valuables. Wills can be written as long as the author is of legal age, which is eighteen in the United States, and of sound mind. Written wills can be drawn up by a lawyer
