In real estate terms, what would a will typically not include?

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A will primarily functions to outline how a person's assets and property will be distributed upon their passing. It serves several specific purposes, the most significant of which includes the distribution of assets to heirs, which ensures that the deceased's wishes are honored regarding their belongings.

While many individuals might wish for their wills to address various aspects of their estate, it is important to recognize that certain items are typically beyond the scope of what a will can or should address. Legal provisions for asset protection, for example, generally involve strategies or vehicles designed to shield one's assets from creditors or judgements. These may include trusts, certain types of business entities, or other legal frameworks that are established during a person’s lifetime, not conveyed through a will.

In contrast, a will can indeed include the distribution of assets to heirs, instructions regarding funeral arrangements, and details concerning property held in joint tenancy, as these are directly related to the decedent's wishes and assets at the time of death. Thus, while a will is a crucial document for estate planning, it does not typically encompass legal protections for assets in the manner that trusts or other legal strategies would.

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