A will is a legal document that names the persons to receive your property and personal possessions at the time of death. These persons are called beneficiaries.
Your property and possessions include all your tangible and intellectual assets and personal property. Your real estate holdings and interests, automobiles, cash in bank accounts, insurance policies, equity shares, jewellery, pictures, furniture and other personal property are included in your estate.
Making a will is the legal way to ensure these assets will be distributed according to your stipulations.