Will Agreement A will agreement is a legal document that sets forth your wishes regarding the distribution of your property and the care of any minor children. If you die without a will, those wishes may not be followed. Further, your heirs may be forced to spend additional time, money, and emotional energy to settle your affairs after you're gone. Will document vary in their effectiveness, and none is likely to resolve every issue that arises from your death. Here's what you need to know about these vital documents. A Written, Witnessed Will Is Best To maximize the likelihood that your wishes will be carried out, create what's known as a testamentary will. The most familiar type of will, this document is prepared by the person whose assets are being dispersed and is signed by them in the presence of witnesses. It's arguably the best insurance against successful challenges to your wishes by family or business associates after you die. Importance of Will pl...