Last Will And Testament definition: Copy, customize, and use instantly
Introduction
The term "Last Will And Testament" refers to a legal document through which a person expresses their wishes regarding the distribution of their assets, the appointment of guardians for minor children, and other final instructions upon their death. It ensures that an individual’s wishes are carried out in a legally binding manner.
Below are various definitions of "Last Will And Testament" in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Last Will And Testament" in estate planning
This definition ties "Last Will And Testament" to personal estate planning.
"Last Will And Testament" means a legal document executed by an individual to direct the distribution of their assets, appoint guardians, and specify final wishes upon their death.
Definition of "Last Will And Testament" in probate law
This definition connects "Last Will And Testament" to probate proceedings.
"Last Will And Testament" refers to a written instrument that governs the administration and distribution of a deceased person’s estate through the probate process.
Definition of "Last Will And Testament" in asset protection
This definition links "Last Will And Testament" to asset distribution strategies.
"Last Will And Testament" means a legally binding document used to protect and distribute an individual’s assets according to their wishes upon death.
Definition of "Last Will And Testament" in guardianship provisions
This definition applies "Last Will And Testament" to appointing guardians.
"Last Will And Testament" refers to a document through which a testator designates guardianship for minor children or dependents after their passing.
Definition of "Last Will And Testament" in business succession planning
This definition ties "Last Will And Testament" to the transfer of business interests.
"Last Will And Testament" means a legal document that specifies the transfer of business ownership and control upon the testator’s death.
Definition of "Last Will And Testament" in charitable giving
This definition connects "Last Will And Testament" to charitable bequests.
"Last Will And Testament" refers to a document that allows a testator to allocate specific assets or a portion of their estate to charitable organizations upon their death.
Definition of "Last Will And Testament" in family law
This definition links "Last Will And Testament" to family inheritance.
"Last Will And Testament" means a legal declaration that determines the inheritance rights of family members, including spouses and children, after the testator’s death.
Definition of "Last Will And Testament" in trust creation
This definition applies "Last Will And Testament" to trust funding.
"Last Will And Testament" refers to a document that directs the creation and funding of trusts for beneficiaries as part of an estate plan.
Definition of "Last Will And Testament" in joint wills
This definition ties "Last Will And Testament" to joint estate planning.
"Last Will And Testament" means a single document executed by two individuals, typically spouses, to dictate the disposition of their combined estate.
Definition of "Last Will And Testament" in residuary estate provisions
This definition connects "Last Will And Testament" to remaining estate assets.
"Last Will And Testament" refers to a legal document that provides instructions for distributing the residuary estate, which includes all remaining assets after specific bequests are fulfilled.
Definition of "Last Will And Testament" in executor appointment
This definition links "Last Will And Testament" to executor responsibilities.
"Last Will And Testament" means a document in which a testator appoints an executor to manage the settlement of their estate and ensure their wishes are carried out.
Definition of "Last Will And Testament" in revocation clauses
This definition applies "Last Will And Testament" to revocation of prior wills.
"Last Will And Testament" refers to a document that explicitly revokes all previous wills and codicils, ensuring that only the latest version remains legally valid.
Definition of "Last Will And Testament" in intestacy prevention
This definition ties "Last Will And Testament" to avoiding intestate succession.
"Last Will And Testament" means a legal instrument that prevents intestacy by ensuring that the testator’s assets are distributed according to their wishes rather than default state laws.
Definition of "Last Will And Testament" in funeral arrangements
This definition connects "Last Will And Testament" to burial instructions.
"Last Will And Testament" refers to a document that may include specific instructions for the testator’s funeral, burial, or cremation preferences.
Definition of "Last Will And Testament" in digital assets
This definition links "Last Will And Testament" to online account management.
"Last Will And Testament" means a legal document that provides for the management, transfer, or deletion of digital assets, including online accounts and intellectual property.
Definition of "Last Will And Testament" in marital property division
This definition applies "Last Will And Testament" to spousal inheritance.
"Last Will And Testament" refers to a document that dictates how marital assets should be divided between a surviving spouse and other beneficiaries.
Definition of "Last Will And Testament" in conditional bequests
This definition ties "Last Will And Testament" to conditional inheritance.
"Last Will And Testament" means a legal document that includes provisions for distributing assets only if certain conditions specified by the testator are met.
Definition of "Last Will And Testament" in real estate transfers
This definition connects "Last Will And Testament" to property inheritance.
"Last Will And Testament" refers to a document that specifies how real estate holdings are to be distributed among beneficiaries or sold upon the testator’s death.
Definition of "Last Will And Testament" in codicil modifications
This definition links "Last Will And Testament" to will amendments.
"Last Will And Testament" means a legal instrument that can be modified or updated through codicils, which serve as amendments to specific provisions.
Definition of "Last Will And Testament" in testamentary trusts
This definition applies "Last Will And Testament" to trust establishment.
"Last Will And Testament" refers to a document that establishes a testamentary trust to manage assets on behalf of beneficiaries after the testator’s death.
Definition of "Last Will And Testament" in debt settlement
This definition ties "Last Will And Testament" to financial obligations.
"Last Will And Testament" means a legal declaration that provides instructions for settling outstanding debts and financial liabilities from the testator’s estate.
Definition of "Last Will And Testament" in military wills
This definition connects "Last Will And Testament" to service members.
"Last Will And Testament" refers to a specialized will designed for military personnel to ensure their estate is handled according to their wishes while on active duty.
Definition of "Last Will And Testament" in foreign jurisdiction recognition
This definition links "Last Will And Testament" to international estate laws.
"Last Will And Testament" means a legal document that may require validation or compliance with foreign jurisdiction laws for cross-border estate administration.
Definition of "Last Will And Testament" in spousal elective share provisions
This definition applies "Last Will And Testament" to spousal rights.
"Last Will And Testament" refers to a document that specifies provisions for a surviving spouse’s elective share rights under applicable inheritance laws.
Definition of "Last Will And Testament" in intestate heirs exclusion
This definition ties "Last Will And Testament" to disinheritance.
"Last Will And Testament" means a legal instrument used to specifically exclude certain heirs from inheriting any portion of the testator’s estate.
Definition of "Last Will And Testament" in minor beneficiaries
This definition connects "Last Will And Testament" to child inheritance.
"Last Will And Testament" refers to a document that designates inheritance plans for minor beneficiaries, often involving trust arrangements until they reach a specified age.
Definition of "Last Will And Testament" in tax planning
This definition ties "Last Will And Testament" to estate tax considerations.
"Last Will And Testament" means a legal document that includes provisions to minimize estate taxes by structuring asset distribution in a tax-efficient manner.
Definition of "Last Will And Testament" in asset equalization
This definition connects "Last Will And Testament" to fair distribution among heirs.
"Last Will And Testament" refers to a document that ensures assets are distributed equitably among beneficiaries, taking into account prior gifts and inheritances.
Definition of "Last Will And Testament" in business continuity
This definition links "Last Will And Testament" to succession planning for business entities.
"Last Will And Testament" means a legal instrument that outlines how the testator’s business interests will be managed, sold, or transferred upon their death.
Definition of "Last Will And Testament" in spousal waivers
This definition applies "Last Will And Testament" to waivers of inheritance rights.
"Last Will And Testament" refers to a document that may include provisions where a spouse waives certain inheritance rights in favor of designated beneficiaries.
Definition of "Last Will And Testament" in insurance proceeds
This definition ties "Last Will And Testament" to life insurance distributions.
"Last Will And Testament" means a legal declaration that directs how life insurance proceeds should be distributed if no direct beneficiary is named in the policy.
Definition of "Last Will And Testament" in debt forgiveness
This definition connects "Last Will And Testament" to the cancellation of outstanding debts.
"Last Will And Testament" refers to a document that may include provisions forgiving certain debts owed to the testator by family members, business partners, or other parties.
Definition of "Last Will And Testament" in conditional gifts
This definition links "Last Will And Testament" to inheritance restrictions.
"Last Will And Testament" means a legal document that conditions certain gifts on specific actions by the beneficiary, such as completing education or maintaining employment.
Definition of "Last Will And Testament" in executor compensation
This definition applies "Last Will And Testament" to executor remuneration.
"Last Will And Testament" refers to a document that specifies whether the executor is entitled to compensation for administering the testator’s estate and the amount of such compensation.
Definition of "Last Will And Testament" in charitable remainder trusts
This definition ties "Last Will And Testament" to structured philanthropy.
"Last Will And Testament" means a legal instrument that establishes a charitable remainder trust, allowing assets to benefit a charity after providing income to designated beneficiaries.
Definition of "Last Will And Testament" in heir disputes resolution
This definition connects "Last Will And Testament" to conflict mitigation.
"Last Will And Testament" refers to a document that includes dispute resolution clauses, such as mediation or arbitration, to address potential conflicts among heirs.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.