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A last will is a legal document used to transfer assets upon an individual's death. The individual creating the will is known as the testator or grantor, while the individual receiving assets is referred to as the beneficiary. Validity requirements for a will may vary by state but generally include execution by a testator who has testamentary capacity, writing, and signatures from two witnesses in the presence of the testator or at their direction. Testamentary capacity means the testator must be at least 18 years old and of sound mind, understanding the nature of their property, potential beneficiaries, and their distribution plan at the time of signing. Subsequent incompetence does not invalidate the will.
