Legal Definitions - testament

Definition: A legal document that outlines how a person's property and assets will be distributed after their death.

Examples:

• Conditional will: A will that only takes effect if a certain event occurs, such as the death of a specific person.
• Holographic will: A will that is handwritten by the testator, without the need for witnesses.
• Mutual will: Two separate wills that have identical or similar provisions, often made by a husband and wife.

Explanation: A testament is a legal document that allows a person to specify how their property and assets will be distributed after their death. There are different types of wills, such as a conditional will that only takes effect if a certain event occurs, a holographic will that is handwritten by the testator, and a mutual will that has identical or similar provisions made by two people. These examples illustrate the different ways a person can create a testament to ensure their wishes are carried out after they pass away.