What is "testamentary disposition"?

Testamentary disposition refers specifically to the way a person's assets are distributed upon their death as outlined in a will. This encompasses all aspects of how an individual's property, investments, and other assets are to be allocated to beneficiaries according to the decedent's wishes. A testamentary disposition establishes a legal framework that directs the transfer of property and is critical to ensuring that heirs receive their intended inheritances.

The other options represent different legal concepts. A type of trust established after death does not align with the definition of testamentary disposition, as testamentary dispositions occur through a will rather than through a trust. The process of executing a property deed is unrelated to wills and focuses instead on transferring ownership of real estate. Finally, a legal document outlining business succession plans does not pertain to how individual assets are managed after one’s death in the context of a testamentary disposition. Therefore, the correct interpretation focuses on distributions dictated by a will.