Question

A _______ is a document that names a guardian for your children, states how you want your assets distributed, and names an executor to handle your estate when you die.

Answer 1

Last will and testament is a legal document, by which a person names his chosen guardian for his children, express his wishes how his property will be distributed and assign an executor to manage his estate until its final distribution when he die. Therefore, will is applied to both personal and real property of the testator.