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A will, or last will and testament, is a legal document that outlines how a person's assets will be distributed after their death. The reading of a will is commonly depicted in movies, often involving dramatic family interactions; however, reality is typically less theatrical. Having a will is crucial for ensuring one's wishes are honored, and while they may seem intimidating, they can also help avoid legal costs. It’s important to understand that without a will, assets will be allocated according to the law, typically to next of kin. Therefore, creating a will is a vital step in managing one's estate after death.