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here are the answers to the most common questions regarding the last will what is a last will a last will is a set of public instructions about where your assets go after you pass away someone who creates a will was called a testator and the person receiving under the will is called a beneficiary why write a last will this document allows you to make sure your money and other assets are inherited by the person or people of your choice it also allows you to make specific distributions for example you can write each of my three children should receive an equal share of my estate or like carl lagerfield you can bequeath your entire fortune to your pet who can create a last will most states require that a will be executed by someone who is at least 18 years old and is of sound mind in some states it can be an emancipated minor for example a person under 18 who is a member of the armed forces or is lawfully married check your states code for more details what is