What is a "Simple" Last Will and Testament?

A Simple Last Will and Testament is a foundational legal document used to direct how your assets are held solely in your name (and do not have a beneficiary designation of some sort) will be distributed upon your death. The primary purposes of a will are generally to name a person to be responsible for handling your estate when you pass, to specify who inherits your assets, and to nominate guardians in the event of your passing if you have minor children.