How to Write a Will

(A Three-hour talk on How to Prepare & Make a Will)

Objectives

Writing a Will is one of the most important thing one can do in one’s lifetime. Even though there are intestacy laws for those who do not make a will, it is still wiser that the disposition of the estate be made in accordance with the deceased’s wishes as expressed in the Will.

A high percentage of the adult population owns assets in the form of houses, cars, shares, insurance policies etc. It affects practically all the working population.

Special Benefits

Course materials will be given and should serve as a useful and invaluable guide to making a Will. Participants will also benefit from the interactive session with the highly respected lecturer who is a well-known author of the book “Have You Made Your Will”.

Course Outline

What is a Will

• who can write a will?
• who can make privileged wills?
• how to write a will?
• when does it take effect?
• can you make your own will?
• where to keep your will
• Is will a public document?
• what does dying testate, partially intestate mean?

Different Types of Wills

• simple will
• mutual will
• complex will
  • protective trust
  • discretionary trust
• is a will ambulatory?

               
Witnesses to Will

• can a witness benefit under a will?
• can executor be a witness for a will?
• must a witness read contents of will?

Can you Alter a Will?

• what is a codicil?
• how to destroy will
• does marriage affects a will?
• does divorce cancels a Will?
• can a will be revoked?

The Wills Registry

• dependants
• Inheritance (Family Provision) Act

What happens if donee predeceases testator

Does CPF operate outside Will?

What about Insurance Policy?

Intestacy Laws

• what happens to your assets if you do not make a will?
• who will inherit?
  
  

Probate & Administration

• who are personal representatives?
• who can be an executor or administrator?
• what is grant of probate
• letters of Administration
• what does proving the will” means?
• how is grant of probate obtained?
• are trustees necessary?

Estate Duty

• is your estate liable to estate duty?
• what is a certificate of postponement?
• what is the rate of estate duty?

Methodology

Formal lectures are followed by case-studies to enrich the learning process. Case presentations will reinforce the practical applications in a real-life environment.