A will is a legal document that declares the person or people that are named to manage an individual’s estate. The declaration also provides for the distribution of that individual’s property at death. In layman’s terms, a will states how a person’s assets (real estate and personal) are to be divided after death.
When the court speaks of Real Property, it is referring to:
- Property permanently affixed to land (buildings)
- Property contained within the land (minerals, metals, gems, etc.)
- Property growing on the land (crops, trees, etc.)
- Interest in property (life estate, remainder)
Also included in a will is personal property. Personal property includes both tangible and intangible assets. Tangible assets may include:
- Automobiles, trucks, etc.
Intangible assets include:
- Notes of indebtedness
The attorneys at Eagle Law Offices, P.S. strongly recommend that any person with real estate holdings and/or substantial personal property draw a will. To navigate the intricacies of writing a will to fully protect yourself and your named beneficiaries requires the assistance of an experienced attorney. With decades of experience, Eagle Law Offices, P.S. can assist with even the most complicated estates. To assure your final wishes are realized after your death, trust our firm.