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A last will is a key document for transferring assets after a person's death. The individual creating the will is known as the testator or grantor, while the recipient is called the beneficiary. Requirements for a valid will can vary by state but generally include that the will is written, signed by the testator, and witnessed by two people in the testator's presence or at their direction. Testamentary capacity requires the testator to be at least 18 years old and of sound mind at the time of signing; previous competency cannot invalidate the will. Soundness of mind involves understanding the property being transferred, the beneficiaries, and the distribution plan.
