A will is the legal declaration of how you want your property disposed of after your death. A will should be thought of as one part of an estate plan, a plan which represents the culmination of a person’s life — his or her work, hopes and dreams. It is not easy to accumulate an estate in this day of high taxes, rising costs of living and of educating children. An estate represents what is left after a lifetime of work, and generally it is accumulated in the hope of passing on some measure of support to your family.
The best way to carry out your hopes and dreams is through careful estate planning. Your will is the most important part of an estate plan, and perhaps the most important document you will sign in your lifetime. It serves as a substitute for what you would do for your family if you were still alive.