What can a Will do, and what can it not do?

What can a Will do, and what can it not do?

 

At the time of your death, your Will is used by the executor of your estate (the person you have decided will be in charge of distributing your property) to grant your wishes and give your beneficiaries their inheritance.  Your executor will distribute anything assets you have included in your Will that you are allowed to give away. For instance, a Will cannot be used to circumvent any rights of survivorship in any assets.  This means that if the deed to your house states that your spouse owns the house with you with rights of survivorship, then upon your death the home becomes property of your spouse.  A Will cannot get around this rule.

 

 

This information has been prepared for general knowledge purposes and is not intended to serve as legal advice.