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Will

Wills as last wishes and requests are filled with legal terminology that is important to understand such as bequest which is the gift of personal property other than money; codicil which is an amendment or change to a will; devise which is a testamentary gift of real property; demonstrative legacy which refers to a gift of money with direction that it is paid from a specific fund; and distribution which is the act of succession to real property. There are many more terms that are used in wills that are often incorrectly used making the exact intent of the will cloudy and at times impossible to decipher. Individuals with any concerns over the terminology used in wills should seek the advise of an attorney.

Fast Facts

  • The terminology used in a will can change its meaning entirely and create problems with beneficiaries and possibly have the will contested.
  • One seldom heard of type of will is the mystic will. A mystic will is a will that is sealed until the death of its creator.

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