When creating a Will, it’s important to include certain key elements to ensure that your wishes are clearly stated and legally binding. Here are important components Koha has provided for your Will-writing journey:-
Designate executors who will be responsible for administering your estate, carrying out your wishes, and handling any necessary tasks after your passing. Choose someone you trust and discuss their willingness to take on this role beforehand.
Clearly identify the individuals, organizations, or charities that you want to inherit your assets. Include their full names and relevant details to avoid confusion.
3. Asset Distribution
Outline how you want your assets to be distributed among your beneficiaries. Specify the items or properties you want each beneficiary to receive, and any instructions associated with those assets.
4. Legal Guardians
If you have minor children, designate a guardian who will take care of them in the event of your death. Discuss this decision with the prospective guardian beforehand to ensure their willingness to assume the responsibility.
5. Residual Clause
Include a residual clause to address any assets that were not specifically mentioned, or any assets acquired after the creation of the Will. This clause ensures that all remaining assets are properly distributed.
6. Witnesses and Signatures
Ensure that your Will is properly signed and witnessed by 2 witnesses to make it legally binding.