In this article, we explored the fundamental concepts involved with will. We covered a lot of material, including the individuals involved in the will process, common characteristics of a will, different types of wills, documents used in the will process, and examples of will substitutes. If you need to go over this article again to review the terminology, we recommend that you do so.
Congratulations! You now know more about wills and will substitutes than most people. Talking about wills is not usually the subject of choice for most people because it deals with death. However, it is better to think of it as dealing with life – the life you want your loved ones and beneficiaries to have after you are gone. We hope you have at least gained enough insight to take the next step to protect your property and assets, whether through a will or will substitutes.