Wills and Intestacy A will allows the testator (the person creating the will) to specify: • Who receives property at the testator’s death. • Whether beneficiaries receive gifts outright or in trust. • Who will act as personal representative. • Who will be the guardian of minor children. In the absence of a will, these matters are settled by state law. Who Needs a Will? • Include persons who are not heirs. Wills are needed to provide for a person who is not an heir under state law, such as … [Read more...] about Estate Planning, Wills, Probate, and Transfer of Assets