What is the primary purpose of a will?

The primary purpose of a will is to provide a clear directive for asset distribution after death. A will outlines the testator's wishes regarding how their property and assets should be distributed among beneficiaries, ensuring that the estate is settled according to their intentions. This legal document serves to minimize confusion and disputes among heirs and can provide peace of mind that the decedent's wishes will be followed, making it a crucial component of estate planning.

While appointing guardians for minor children is an important aspect of a will, it is a specific function rather than the primary purpose. Similarly, the potential to reduce estate taxes is more about tax planning and may not be a primary concern of every testator. Establishing a business entity posthumously is also not a typical purpose of a will; instead, it usually requires proactive planning during the testator's lifetime. Thus, the correct answer encapsulates the fundamental role of a will in facilitating the distribution of assets.