Wednesday, February 6, 2013

How To Write A Will Yourself

Although writing a Will yourself is possible, generally it is not recommended. Due to potential pitfalls and errors, many self written Will are not valid. However, in case of emergencies, it is better to leave a simple Will than not to leave any Will at all. At least you Do have some documents expressing your intention.

Bear in mind, different countries have different laws regarding Wills. In some countries, even different states have slightly different regulations. The basics of any Will must be there. Here are the tips for writing a Will yourself. It is a guide you can use in an emergency. They are for countries that use English common law.

Here are the absolutely minimum items in a Will. Otherwise, your Will, will not be valid.

How To Write A Will Yourself

1. Date. The Will must be dated clearly. Without a date, the Will is of no use. The date is used to determine which Will takes precedence.

2. Opening clause to identify yourself. This includes name, identity card and address.

3. Appointing executor and trustee. Name the person, again make their identity clear. There could be many Joe Black, so some form of identification is needed.

4. Distribution. Who gets what. You might want to specify certain items to somebody. If you are in a rush, you might just want to give everything to one or two person.

5. If you have children, you may want to appoint guardians. This is something you should not do lightly. A person might not want to be burdened with your children. Or they just can't handle children. It is better to check with them.

6. Residual clause. This is to take care of your assets that you did not mention in the distribution above. A residual clause is very important because if you forgot to specify items, it acts like an umbrella clause to ensure your assets are distributed. Otherwise, there will be partial intestacy.

7. Attestation. This means signed and witness by others. We see video Wills on TV. Something on paper is always better.

Many countries don't allow video recordings as a Will. As much as possible, writing a Will yourself is not something you should do. Most people should write a Will. The steps above are in case of last minute emergencies, like you are going for surgery tomorrow and had no time to contact a lawyer. It is better to have a professional write a Will for you.

How To Write A Will Yourself
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Other resources for writing a Will yourself http://writingawill.wordpress.com/

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