What is a will?

A will is a legal document that states how an individual wishes their assets to be distributed upon their death. In Virginia, the person making the will is known as the testator. A will must be in writing, signed by the testator, and witnessed and notarized by two disinterested people (people who are not named in the will as beneficiaries). A will is how you can choose who will receive your assets, including money, property, and even pets. It is also how you can choose who will be the guardian of your minor children. Without a will, the state of Virginia will determine how your assets are distributed according to the laws of intestate succession. In general, a will must be written in clear and unambiguous language, with any changes to the will forming a new will or codicil. It is important to remember that a will does not supersede any debts and taxes that may be owed. Any assets remaining after debts, taxes, and other claims are paid will be distributed according to the terms of the will. A will is a very important document and should be updated whenever there are changes in your family or in your assets. It is important to work with an experienced Virginia Trusts and Estates attorney to ensure that your wishes are clearly expressed in your will and that it is valid under the laws of the Commonwealth.

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