Making a Will

Make a Will, Very Simple

The simplest way to plan and effect a succession is by making a Will. A will lets you decide what happens to your money, property and possessions after your death. A will is a legal document drafted with requirements of the laws ie Wills Ordinance. The formalities are generally strict and thus it becomes advisable to instruct a lawyer to prepare it and witness its signing. We help Wills client to prepare and witness their wills. Each month we draft more than 200 Wills and have them properly witnessed by our lawyers. We are serious about the legal practice on Wills and Estate Planning. Therefore, we have a website dedicated to this special need: www.ytt.care . Many have found the FAQ very helpful to them.

Formalities to follow - legally valid will:

age 18 or over
make it voluntarily
be of sound mind
in writing
sign it in the presence of 2 witnesses who are both over 18
have it signed by your 2 witnesses, in your presence
note: beneficiaries should not be a witness

If you make any changes to your will you must follow the same signing and witnessing process. If you change your mind after signing the will, you need to make an official alteration (called a ‘codicil’) or make a new will.

You should make a new will if you make important changes to the will. Your new will should say it revokes all previous wills and codicils. The old will can be revoked by burning it or tearing it up ie revoked by destruction.

What is in a Will ?

A will should set out:

executor: he will apply for probate and execute the terms in the will after your death
beneficiaries: people taking benefits from you and what they take
guardian: person looking after any children under 18
predeceasing: what happens to the beneficiary's share of benefits in the will if the beneficiary dies before you (predeceased)

You should tell your executor where your will is.

Our fee: $1,000-10,000

We encourage our clients to write simple wills so as to avoid any pitfalls.

Simple will starts with $1,000 (for passing the entire estate to one beneficiary who is also the appointed executor). Clients normally have their wills made for $3000-10000 to tailor their special needs. Fee would be higher if it become more complex as it will consume the drafting lawyer more time. In any event, our fees are transparent and open. Make an online inquiry or visit our special site on wills by clicking on the button below.