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A last will is a document that facilitates the transfer of assets upon a person's death. The individual creating the will is known as the testator or grantor, while those receiving assets are called beneficiaries. Requirements for a valid will can vary by state but generally include execution by a testator who has the requisite testamentary capacity. This capacity typically means the testator must be at least 18 years old, of sound mind, and understand the nature of their property, the beneficiaries, and the distribution plan at the time of signing. The will must be in writing and signed by two witnesses in the presence of the testator or at their direction. Subsequent incompetence does not invalidate a will.