Key Highlights
U
- nderstand the Importance:some text
- Recognize the significance of writing a will to ensure that your assets are distributed according to your wishes after your passing.
- Identify Your Assets:some text
- Make a comprehensive list of all your assets, including property, investments, bank accounts, and personal belongings.
- Appoint an Executor:some text
- Choose a trustworthy person to be the executor of your will, responsible for carrying out your wishes.
- Beneficiaries and Their Shares:some text
- Clearly specify who will inherit your assets and the percentage or share each beneficiary will receive.
- Guardianship for Minor Children:some text
- If you have minor children, decide and mention who will be their guardian in your will.
- Debts and Liabilities:some text
- Disclose any outstanding debts or liabilities and how they should be settled from your estate.
- Witnesses:some text
- Ensure that your will is signed by at least two witnesses who are not beneficiaries to make it legally valid.
- Revocation Clause: some text
- Include a clause stating that this will revokes any previous wills made by you.
- Safekeeping: some text
- Store your will in a safe place and inform your executor and close family members where it is located.
- Review Regularly: some text
- Review your will periodically and update it if there are any significant changes in your life circumstances or assets.
