What is the primary function of a will?

The primary function of a will is to distribute assets after death. A will serves as a legal document that specifies how an individual wants their property and possessions to be handled upon their passing. This includes naming heirs, specifying which assets go to whom, and ensuring that the deceased's wishes are followed in regards to their estate.

In addition to facilitating the distribution of assets, a will can also address other matters such as appointing guardians for minor children. However, its essential purpose remains centered around asset distribution, making it a key tool in estate planning. The other options focus on different aspects of legal and financial planning, but they do not capture the primary role of a will as effectively as the correct choice.