Definition - What does Testacy mean?

Testacy is when a person dies after leaving a valid will.

In the context of the law, wills are legally binding documents that allow a person to distribute their assets to their desired beneficiaries upon their death.

People who wish to leave wills often go to testacy proceedings at a court to establish their wills legally.

Justipedia explains Testacy

Testacy is the opposite of intestacy, which is the state of dying without leaving a valid will.

It is common for people to give out many different types of property to heirs or beneficiaries in a will. For example, cash, jewelry, property, cars, paintings, furniture and many other types of property are all commonly transferred to new owners through wills.

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