Deathbed Wills Law and Legal Definition
Deathbed wills refer to those wills created and executed when the testator is facing imminent death. Although they are drawn up hastily, they are as legally binding as one prepared in advance. However, relying on one to distribute your assets is risky since these types of wills are often contested. Hasty preparation can also fail to take advantage of some features that can reduce or eliminate the Federal Estate Tax.