Are will just for men? Often as women, we view this a man thing and for those probably on the sick bed ready to transition to the great beyond. Writing wills might not be listed as a pleasant task, however, it requires being proactive, it is a vital responsibility and should be viewed as such.
Also called a testament, it is a legal document by which a person, the testator, expresses their wishes as to how their property is to be distributed at death, and names one or more persons called the executor, to manage the estate until its final distribution.
Writing a will means you are taking responsibility and you are being intentional about passing your wealth baton. Your rich legacy should be bequeathed to your loved one (those that you know will handle it well and pass it on to the next generation) preferably through a will. Verbalising your wishes through a will help your heir(s) to avoid unnecessary hassles and most importantly, it helps you attain peace of mind known that your assets are in the desired hands.
Without a will, your hard-earned belonging (properties, shares) will be distributed without you having a say. And you will become an intestate which means the state according to the law will decide who gets what.
You are probably telling yourself it is for the wealthy people like Mrs Folorunsho Alakija – Nigeria’s billionaire and businesswoman, Ibukun Awosika-First Bank Chairman, Mo Abudu – media mogul, etc, quit that thought now.
The most important things to provide for in your will are who will be your executors, who will be the beneficiaries of your assets, and in cases where there are minors – who the guardian(s) of the minors will be.
Are you a Nigeria woman? here are what makes your will valid:
1. It must be made voluntarily
2. It must be in writing (either typed or handwritten)
3. It must be signed by the testator (the writer)
4. The signature of the testator must be acknowledged by at least 2 witnesses (it is advised that a beneficiary to a will must not act as a witness to the will).
5. The testator must be of sound mind
6. It must name the beneficiary or beneficiaries
7. It must identify the property.
You should start writing one today.