The Power Of A Will
The Last Will and Testament constitutes a powerful legal document concerning any good real estate planning.
A will-based estate plan specifies who will inherit your property, how and when they will inherit it, and the executor who will take care of settling your final affairs. The guardians need to be appointed to look after the interests of minor children until they become adults.
If a person dies without making a Will, that is intestate, the disposal of your properties will be determined by the intestacy laws of the land, which may be way different from how you wish the inheritance to your estate should pass.
Death is inevitable although the time of death is uncertain.
So it is wise to make a Will specifying your last wishes well before the “actual time” comes.
The procedure of making a Will has been made as simple as possible with the only condition that the person who makes the Will should be “sound in mind and body”. The last will thus made supersedes all the previous wills and codicils.
You need to sign the Will in front of two witnesses of legal capability and who are not otherwise party to the Will.
The witnesses merely testify the authenticity of your signature and need not know the contents of your will.
Once you have clearly decided about the details of the inheritance of your estate you can use any ready format or software available online to make the task quick and easy for you.
However, the will can be hand-written on a plain paper making sure that the relevant particulars are mentioned in full and clear detail.
Once you have made the will, store it safely and inform the executor how it can be accessed when the time comes.
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