Everything You Need to Know About Drafting a Will

A will is a formal legal document that states an individual's preferences for how their property will be divided upon their passing. Since it is renewable, it can be changed or withdrawn at any point prior to the person's death. Creating a will is a choice; it is not mandatory. It is by the will of the person drafting the will, as the name suggests. 

There are plenty of reasons for us to leave a will behind, even though no one demands us to. The most important thing is to avoid unnecessary conflicts and potential disputes between relatives over your property. If every adult over the age of eighteen who owns even a single piece of property is aware of the significance of drafting a will, it would be completely worthwhile. In this blog, let us understand the intricacies of a will and the prerequisites of drafting a will. 

Types of Will

In common culture, there are two types of will: Privileged and Unprivileged. Let us understand both the terminologies. 

●      Privileged Will 

A privileged will is drafted by military officers, airmen, marines, and soldiers serving on an expedition or in a war-like scenario. These types of wills can be spoken or written, and there are a few legal requirements that should be kept in mind when preparing one. 

●      Unprivileged Will 

All other kinds of wills are considered unprivileged wills, and their drafting involves a number of steps, from witness attestation to signature verification. This blog will primarily focus on unprivileged wills. 

Things to Consider Before Drafting a Will 

●  When writing a will, the person's name, age, place of residence, and other details must be taken into consideration.

●   The testator must testify to being of sound mind and not under any form of pressure when preparing the will.

●   Information about the recipient and details on the beneficiaries of this will, such as their name, age, place of residence, and relationship to the person, as well as how the assets will be distributed, should be mentioned in the will.

●  In order to make a will, the testator needs to be of legal age (18 years old) and mentally capable.

●     The testator must sign the will in writing in front of two witnesses.

●     In the testator's presence, the witnesses must also sign the will.

●    In order to distribute property in a will, the testator must be able to show that they are the rightful owner of that property.

●   It is important to record all of a testator's possessions and determine which ones are protected by the will. It is important to highlight property details when preparing a will.

● Additionally, the testator needs to name an executor, who will be in charge of following the will's instructions after the testator's passage. 

In Short 

Even though these are just a few of the prerequisites to consider while drafting a will, it is quite a tedious process that needs to be guided by a professional. If you are looking for Wills Drafting Services in Peterborough, then look no further than Fosters Legal Solicitors. They are your solution for any legal involvement, right from finding an Immigration lawyer in Peterborough to employment and Family laws; they can transform your legal journey. So what are you waiting for? Contact them for a seamless will-drafting procedure.