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What a Will Actually Does A will is a legal document that sets out what should happen to your money, property and possessions (your “estate”) after you die. It lets you choose who inherits what, rather than leaving those decisions to the standard rules set by the law. Your will also allows you to name people you trust (your executors) to deal with your estate, handle the paperwork and carry out your wishes. When drafted and signed correctly, a will becomes a legally valid doc