What is a will?

A will, also known as a “last will and testament,” is a legal document that sets out how a person’s assets should be distributed after they have passed away. A will is an important part of estate planning, as it allows the deceased person to specify who they want to receive their assets when they die. A will must meet specific requirements in order to be valid in South Carolina. It must be in writing, signed by the testator (the person making the will) and two witnesses, and signed by both the testator and witnesses in the presence of each other. Additionally, the testator must be at least 18 years old and of sound mind when signing the will. A will typically contains instructions on how to distribute assets including bank accounts, real estate, investments, and other possessions. In addition, a will can include instructions on who should manage the estate, such as the executor. This person is responsible for ensuring that all of the testator’s wishes are followed. A will is a crucial part of estate planning in South Carolina, as it allows a person to decide who they want to receive their assets after they have passed away. It is important to note that in order to be valid, a will must be properly executed and meet all legal requirements in the state.

Related FAQs

What are the time limits for filing a will for probate?
How can I modify or revoke a will?
How can I protect my estate from creditors?
What is a living trust?
What is a testamentary trust?
What is a living will?
What happens if the executor of a will dies?
Can I change the beneficiaries of my will after I die?
What are the consequences of failing to properly execute a will?
What is the difference between a will and a power of attorney?

What is a will?

Related FAQs

Related Blog Posts