What Do Wills Mean In Estate Planning?
A written document that contains instructions for the disposal of assets at a person’s death. This is filed and enforced through a probate process, sometimes involving the probate court. Laws vary by state.
A will that is partially or fully handwritten. Not all states recognize holographic wills.
Used together with a revocable trust to “pour” any assets that were not in a decedent’s trust at the time of death over to the trust.