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What is a testament in legal terms?

An antiquated term that refers to the document written by a testator that details what is to happen to property owned by that testator upon death. This term is still frequently used in an interchangeable way to mean a will, though to be precise a last will and testament refers to the most recent version of a will.

What is a testament in real estate?

A last will and testament is an estate-planning document that explains and clarifies what you want to happen with your property at the time of your death, among other things. Your will provides all the essential and necessary details of who will inherit your property.

Does spouse automatically inherit House in Virginia?

If a surviving spouse exists, and there are no existing children of the decedent, the surviving spouse will inherit the decedents estate in its entirety, including any real property.

Is a testament the same as a trust?

Two of the most common used for estate planning are often confused for each other. A trust created while an individual is still alive is a living (or inter vivos) trust, while one established upon the death of the individual is a testamentary trust.

How do you write a last will and testament in Virginia?

Steps to Create a Will in Virginia Decide what property to include in your will. Decide who will inherit your property. Choose an executor to handle your estate. Choose a guardian for your children. Choose someone to manage childrens property. Make your will. Sign your will in front of witnesses.

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