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.