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Define Will in Real Estate
Will:
A "Will" is a legal document that someone writes to explain what should happen to their belongings, like their house or money, after they pass away. This person, called the testator, decides who gets what and makes sure their wishes are known in the document. The will also helps to avoid any disagreements among family members, as it clearly states the testator's intentions.
Example:
Imagine a lady named Sarah who has a beautiful house, some money in the bank, and a collection of valuable paintings. She has two children, Jack and Jill. Sarah writes a will in which she leaves the house to Jack, her money to Jill, and her painting collection to be divided equally between them. This way, when Sarah passes away, her children will know exactly what she wanted and can follow her wishes.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
In the land of the living, we think and we plan,
For a time when we leave, as part of life's span.
A Will is a paper, a guide that we write,
To ensure that our wishes are followed just right.
As testators we're known, when we put pen to page,
To make known our desires, at the end of our age.