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a will or a last will and testament is a legal document that sets out how a persons assets will be distributed after his or her death the reading of a will is likely one of the legal proceedings most familiar to non-legal audiences the movies have left us scores of them often involving members of a feuding family sitting around a library fireplace of an imposing mansion while an attorney stiffly reads a gasp-inducing scroll of parchment as with most things in the legal world the movie version doesnt quite measure up to reality having a will is important for protecting your wishes and there are some critical things to understand about them but they dont need to be thought of as intimidating and may be an opportunity to avoid the expense of hiring an attorney first lets take a look at why wills are important assets have to go somewhere after a person dies and as the saying goes you cant take it with you without a will your assets will pass on to your next of kin in a manner prescri