Types Of Wills
Types Of Wills
Thomas Curtiss Jr. (Attorney-at-Law) gives expert video advice on: What is a "will"?; What is a "simple will"?; What is a "holographic will"? and more...
What is a "will"?
A will is an expression by a person of an intent to dispose of his or her estate. As a general matter, a will is a written document, signed by a person evidencing the testamentary intent of the person signing the will.
What is a "simple will"?
My definition of a simple will, is one that leaves property to one or more people and appoints an executor. A simple will perhaps confers statuatory powers on that executor, to ensure that is properly executed and so that it passes probate muster, but does not include any complications involving the estate and the disposition of the estate.
What is a "holographic will"?
Under California law, a holographic will is one that is entirely hand written by the testator and signed. Interestingly enough there is no requirement of a date with a holographic will, which means that it might be impossible if there are multiple holographic wills to know whether the holographic will presented was created before or after the last dated holographic will.
What is an "oral will"?
An oral will, also called a nuncupative will, is no longer acknowledged in California. The nuncupative, or oral, will historically involved a deathbed or dying declaration, not written, by a soldier in combat. Under the old California law, it applied to and could dispose of only $5,000 worth of assets. I don't know whether any state still has a nuncupative will, but obviously the circumstances would be unusual.
What is a "joint will"?
A joint will, is a will executed by a husband and wife which leaves their estate to each other and then to other parties on the death of the survivor.