What is a holographic will?

A holographic will refers specifically to a handwritten will that is typically created without the presence of witnesses. These types of wills are often written entirely in the testator's handwriting and do not require formal witnessing as traditional wills do. The key characteristic is that the document must be signed by the individual making the will (the testator) and it reflects their personal intentions regarding the distribution of their assets after death.

While options involving typed wills, legal contracts, and notarized documents pertain to different processes of estate planning and property transfer, they do not fit the definition of a holographic will. A typed will signed by witnesses is considered a formal will, which is typically subject to more legal requirements than a holographic will. Similarly, a legal contract for property sale or a will created with a notary involve processes distinct from the informal nature of a handwritten will. Thus, the essence of a holographic will rests in its handwritten format and lack of required witnesses, making it a unique option within estate planning.