Yes, you can, but that doesn’t mean you should!
A Will is an important legal document that contains your instructions and wishes for distributing your properties and assets after you die. This document contains the names of the people you want to benefit, your beneficiaries, as well as details about your home, land, vehicles, bank accounts, investments, jewelry, artwork, and other possessions. Your Will also allows you to choose a personal guardian to care for your children if you should die when they are still minors. Your Will should be written carefully, correctly and in compliance with the laws to be sure your beneficiaries will be taken care of when you are gone.
In order for your Will to be valid, and accepted by the court, it must, with some exceptions, be in writing, signed with your signature, and witnessed by at least two witnesses who are neither relatives nor beneficiaries. Otherwise, the court may not accept your Will, and it may be unenforceable. If your Will is found invalid, the court may distribute your assets as if there were no Will (or intestate), and the court will distribute your asset according to the Distribution Act 1958 (amended 1997).
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2 comments:
Pauline, I wonder if you have any idea, eg if I have written my will and name all my children as beneficiaries on equal shares, and one of my child has pass away, do I need to rewrite my will again ?
Hi there!
No you don't need to rewrite your will. It will be distributed equally among the surviving siblings unless otherwise stated. If you have any more enquiries, pls do not hesitate to contact me at pauline@stocktips123.com.
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