A will is a legally enforceable declaration of how a person wishes his or her property to be distributed after death. In a will, a person can assign an executor, trustee and guardian for his or her minor children. A person can also make charitable and specific gift distributions.
Making a will is a very important component of estate planning. If you do not have a will, the distribution of your property, the guardian and trustee of your minor children are left up to the courts. A will helps ensure that your wishes are carried out, and it can make things simpler and easier for your heirs.