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Some of the common mistakes while writing the Will include writing it in vague language which is difficult for beneficiaries to understand, not signing the Will in the presence of witnesses, appointing a beneficiary as a witness and not registering the Will to make it authentic. ....
Synopsis Primarily, a Will states what and how the writer s assets are to be distributed after discharging liabilities of the writer. A person who writes a Will is called a testator. Getty Images A Will is a document written by a living person stating his/her wishes to be executed after his/her death. However, this is a complex task since the person writing the Will would not be living to explain the meaning of his/her intentions. To add to the complexity, between the time the person makes a Will and his/her demise, the assets, relationships, etc., also typically undergo a change and therefore the Will also has to withstand the test of time. ....
ET Plan NEWS Powered by Did you know a sound will can also be contested? Find out where you can go wrong and how to avoid it The testator should make the will of his own free will and not be pressured or forced into doing so by anyone. Synopsis Though there is no surefire way to create an ironclad will, drafting a technically sound and factually precise document can help minimise the chances of it being challenged in the court of law. What also helps is understanding the ways in which a will can be contested and the problems that can arise during its execution. ....