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What should be in a will ?
Will, The biggest gift from you to your loved ones, Yes indeed it is biggest gift. If you do not have written a will then the perfect time to think about writing a will is right now. Lots of questions are there which we should now
- What is a will,
- When to make a will,
- How to make a will,
- Who should have a will,
- What should be in a will,
- Where to keep a will,
- Characteristics of a will,
- How can I find a will,
- What should you consider while writing a will.
We all know that if we have came to earth then one day we need to go, that is the biggest truth. So think about this, write your will and get a peace of mind (It really gives a peace of mind).
What is a Will, A Will is a legal document by a person to transfer property or assets on his/her name to one or more person after his/her death. It should meet the law requirements of particular person country, which should be in written and have witness as required by the law. Any one can make a will if he/she meets the age limit by law and in sound mind condition. You can make a will without lawyer too, but if you in confusion then professional lawyer is the best option.
How to make a will, While making a will, most importantly we should be aware of how to make it. A will can be categorized in few parts. Like
- Part 1: Declaration part, where you can write your name and details, and also the name of executor and trustee.
- Part 2 : Details of property, where you can write all details of property of yours.
- Part 3: How It should be divided, here you can write all details that how your above mentioned property should be divided among your beneficiaries.
- Part 5: Your Signature and Date, then you need to sign your will with the date.
- Part 6: Witness, then witness need to attest your will, although 2 witness should be there atleast, but this may change as per your law, moreover witness should not be a beneficiary from the will.
Moreover, it should be clearly mentioned in the will that the debts, liabilities and monetary obligations which remains unpaid after the death of the testator to be repaid first before the distribution of property. The will should also enclose the signatures of the witnesses along with the date and time of writing the will. The powers of the guardians and executor and declaration of the will should be properly mentioned with signature of the testator.
Other questions you may have mind are: