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A last will is a public document outlining the distribution of a person's assets after their death. The individual who creates the will is known as the testator, while beneficiaries are those receiving assets, and the executor is responsible for administering the estate. Writing a last will ensures that assets are allocated according to the testator’s wishes and can specify equal shares for beneficiaries, such as children. In Georgia, the requirements for a valid will include that the testator is at least 14 years old, possesses testamentary capacity, and that the will is in writing, as holographic and oral wills are not recognized.