Tuesday, 17 September 2013

How to write a “WILL”?


You can write a WILL in a plain paper in any language. You just need to follow the following steps to make a WILL:

1.    Write your name, age and address at the beginning of the will; and mention that you are writing it in sound state of heath and mind.

2.     List down the details of all the assets and its current value that you posses and wish to bequeath (pass on) after your death.

3.    Write the details of the beneficiaries and the proportion in which you wish to bequeath the assets.

4.    If you have previously made a will, mention the latest will supersedes the old will. You must sign the WILL in presence of two witnesses (preferably your family doctor and lawyer). The witnesses need not know what is written in the will. Sign all the pages of the will. Any of the beneficiaries cannot sign as Witness.

5.     Appoint an Executor of the WILL, who will be responsible for distribution of your assets as per the will to the beneficiaries. A beneficiary can be the Executor of the will.

It is not compulsory to register a WILL, but it is advisable to register if you have significant amount of assets, so that the beneficiaries do not face much problems in executing the same.

Also Read: Why should you make a WILL?