Willsafe © All Rights Reserved  Privacy Policy | Terms of Use   Links

Contact Us

Will registry -Total peace of mind  

Nothing in this article should be taken as legal advice for a particular person or issue. Laws change from time to time and vary from country to country.  So many variables affect a lawyer's advice.   You should consult with an attorney who is certified as a specialist in estate planning by the bar association. The selection of an attorney is an important decision that should be based on qualifications and expertise.  


How to do a will

How to do a will - a few easy steps

1:   Identify yourself:  In the top corner of your will, write your name, surname, address and       Identification or passport number

2:   State that you are of sound mental health and of contractual capacity:   It is not uncommon       for people who did not inherit, to get wills revoked based on the outcome that the testator was       not of sound mental health at the time of writing the will.

3:   Make an explicit statement that you revoke all prior wills and codicils.  It is very important to       state this in your will.

4:   Appoint an executor or personal representative:   The executor is the person who will       administer your estate after your death and follow your instructions. Usually such persons       should be over the age of 18.  Please check with your lawyer to see what the legal       requirements are in your country.

5:   Name an alternative Executor to take over if your first choice dies, becomes incapacitated or       is otherwise unable or unwilling to serve

6:   Be clear about whether your Executor should be paid and/or reimbursed for expenses. You may       set the allocation or percentage or just leave it as a "reasonable fee such as is ordinarily       charged in the community for services of similar complexity and nature."

7:   Be clear over whether your Executor must post bond

8:   Empower the Executor to pay all of your just debts, funeral expenses, taxes and estate       administration expenses

9:   Authorize your Executor to sell any real estate in which you may own an interest at the time of       your death and to pledge it, lease it, mortgage it or otherwise deal with your real estate as you       yourself could do.

10:  You may state that the assets will be divided in percentages to the beneficiaries.  Try not to        refer to specific assets as you may gain or loose certain assets over time, unless you would        rather have beneficiaries inherit certain items.  

11:   Include provisions which will clearly explain who gets a beneficiary's gift if that person dies        before you.  If you do not state who will receive a deceased beneficiaries portion or gift, this        portion will typically go back to the estate.

12:   Write in a "residuary clause:  A Residuary clause takes everything that was not already        disposed of and gives it to your "residuary beneficiaries.

13:   Make sure you sign correctly and with two witnesses who are not beneficiaries

14:   Store the will in a safe place and make sure your beneficiaries will find your will after your        passing.  It is advisable that you register the location and date of  your will with Willsafe.  We        can also store your original will in our offsite vault. Please refer to our services section for more        information on will registration or storage services.

The above are general guidelines and not legal advise.  Please seek legal advise when drafting your will.  Willsafe offer a will drafting service.  Kindly refer to our services section for more information

Page:  How to do a will

Download free:  How to do a will

Tags:  How to do a will