What is the main objective of a will?

A will primarily serves the purpose of bequeathing and devising real estate along with personal property to beneficiaries after an individual's death. It is a legal document that expresses a person's wishes regarding the distribution of their assets, which includes real estate, financial accounts, and personal possessions. When someone creates a will, they designate who will receive their property and under what conditions, ensuring that their final desires are honored and that their assets are transferred according to their specific instructions.

The other options do touch upon elements that may be associated with estate planning, but they do not encapsulate the main objective of a will. For instance, outlining tax obligations can be a part of the broader estate planning process but is not the central aim of a will. Similarly, while a will may reference ownership or involve the transfer of ownership through bequests, it is not a deed of ownership itself. Establishing a business partnership falls within the realm of business law and is unrelated to the primary function of a will, which is focused on the allocation of personal and real estate assets posthumously.