Which statement about testamentary capacity is accurate?

Testamentary capacity refers to the legal ability of a person to make a valid will. The correct statement indicates that a testator must understand the nature of their act and the property involved in that act. This understanding is crucial because a testator should be aware that they are creating a will and should know what their assets are and how those assets will be distributed upon their death.

To establish testamentary capacity, it's essential that the person recognizes the significance of the act of making a will and can comprehend the extent of what they own and the implications for their heirs. This encompasses an awareness of the consequences of their choices regarding property distribution, ensuring that their intentions are effectively represented.

The other statements fail to reflect the core requirements for testamentary capacity. Understanding legal jargon is not necessary, as the law does not require testators to be versed in legal terminology. Additionally, while many jurisdictions set the minimum age for making a will at 18, this age may vary, and thus stating that a testator must be over 21 is not universally accurate. Lastly, having prior experience in making legal decisions is not a requirement for testamentary capacity; what matters is the individual's current understanding at the time of will creation.