What is a will/deed?
A will is a document that lets you make decisions about how your property should be distributed after you die.
Will is short for the more formal term "last will and testament" and it's essentially a legal declaration of your funeral wishes. It is a document that tells the world who you want to receive your property, possessions and belongings. If you don't have a will, the state in which you live will decide for you who receives your property (and it may not be the people or organizations you would choose).
A will doesn't need to be complicated; all you need is a basic understanding of how it works. A will lets people know what they can expect when they inherit something from you. Your property, possessions and belongings pass directly to the people or organizations you want them to go to.
In a will, there are two parts: The first part is called a "testament." This section describes what property and possessions you want to leave behind when you die. The second part of a will includes specific instructions about how your property is to be handled after your death.
While, A deed is a document designating rights to real property (land, buildings, and fixtures), most commonly used as evidence of ownership of a piece of land. Land ownership records can be found in official public records such as the county clerk's office or a register of deeds office.
When someone purchases land, they are issued a deed that documents their ownership. Deeds are used to transfer ownership of land from one party to another. They can be sold, transferred, inherited, or passed down through other means. They are often used by banks to secure loans for the purchase of a home or other real estate property.
Deeds come in several forms: some states use standardized forms that look like contracts and include information about the parties involved and information about what rights have been conveyed from one party to another; other states use documents called grant deeds that may not fit on one page and may include more detailed information about the property being conveyed; still others use quitclaim deeds when transferring land with known defects or encumbrances (the holder relinquishes any claim to those encumbrances).
If you have any questions or in need a Will Attorney, we have the Best Attorneys in Utah. Please call this law firm for free consultation.
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Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.
