Requirements for a Will
Although you do not need a lawyer to make a Will, you are advised to engage the services of a lawyer for you will writing service. You should seek legal advice so that you will not risk an invalidation of your homemade will.
1. You have to be 21 years and above, of sound mind and free from fraud, coercion or undue influence
2. Your will has to include:
- A list of your assets and the names of your beneficiaries and guardians and state how you want distribute them
- A list of your liabilities and state how you want to pay off your debts
- Names of your executors
- The names of advisors, if any (lawyers, accountants and so on)
- A residual clause to provide for any remainder of your estate
3. If it is a new will, the new will has to include a revocation clause to revoke any old or previous wills
4. The format of your will has to be as such
- It must be written
- It has two be witnessed by at least 2 people and the witnesses cannot be beneficiaries of the will or your spouse
- You must sign at the foot of your will, if you are unable to sign, you must consent to someone else signing it in your presence