Which document outlines a person's wishes regarding asset distribution after death?

A will is a legal document that explicitly states a person's wishes regarding the distribution of their assets after death. It allows an individual to specify how their property and belongings should be handled, who will receive them, and can also name guardians for minor children if applicable. This document ensures that the individual's desires are respected and legally enforceable, providing clarity and guidance to the executors and beneficiaries involved.

In contrast, a power of attorney is a document that designates someone to make decisions on behalf of another while they are still alive, particularly regarding financial or healthcare matters. A trust involves holding assets for the benefit of a beneficiary, often utilized during a person's lifetime and sometimes to avoid probate after death. A living will outlines a person's preferences regarding medical treatment in case they become unable to communicate their wishes, particularly regarding end-of-life care, rather than focusing on asset distribution. Thus, a will is specifically designed for the purpose of asset distribution after death, making it the correct choice in this context.