Legal Requirements of a Will Essay Example | Topics and Well Written Essays - 2250 words

Legal Requirements of a Will - Essay Example Having understood the meaning of the will, the next step in the process of formation of the will is to understand the requirements of creating the will which has to be legally binding in the Court of law. Following are the conditions which have to be fulfilled in order to have a legally binding Will: 1. The Will made by the Testator must be the final version of his Will. There shall be no will made by him before he finally signs the Will, if in case there is a Will previous to the final Will then that Will shall be terminated and duly notified in the existence of the new and the final draft. 2. The Will shall be signed by the Testator 3. The Will shall have two witnesses at the least, and the witness’s shall have no inheritance of the assets in the structure of the Will, as they are supposed to be independent people who have no interest coming out from the creation of the Will. The Will should be signed by them. 4. The Testator has to be of sound mind and should be above 18 years of age. 5. The Testator should have an executer to execute the Will in the favour of the beneficiaries after his death, since the executer is the one who is responsible for the execution of the Will and making sure that the beneficiaries get their due share in accordance to the Will. 6. The Testator has to clearly identify the inheritors of his will and has to account for his property in full valuation.