Will
A written legal document that states how you want your property and assets distributed after you die. A will can also name guardians for minor children and specify your wishes for funeral arrangements.
Legal Definition
A legally enforceable declaration of a person's wishes regarding the disposition of their property after death, executed in compliance with statutory formalities.
Practical Example
Sarah writes a will stating that her house goes to her daughter, her savings go to her son, and her jewelry goes to her sister. She also names her brother as guardian for her minor children.