MAKING A WILL IS SECURING THE FUTURE
By Adedoyin Adebayo Esq. AICMC.
The thought of making a will may sometimes occasion a romance with the inevitability of death. Life is indeed transient and everyday that passes by is a privilege to be better and live in the service of others.
Let’s take another look at the concept of Making a Will.
There is no doubt that your Will takes effect after death- but we don’t have the key of death or know when the time will come.
Most of us will not have the Hezekiah privilege, the Man to whom a prophet was sent to put his house in order because the appointed time in near.
Prudence will enable us plan for living and after life for the benefit of the people and things we truly care about.
Once you are 18 years Old; you are enabled under Nigerian Law to validly make a Wil, provided that you are of a sound mind and understand the full implication of making a Will.
The foregoing makes you an eligible Testator under the Law
The person or categories of persons who are to enjoy a share of your estate is a Beneficiary.
The person or persons appointed to carry out your wishes is an Executor- you should be careful in choosing an Executor- because the position is reserved for trusted and reliable individual with full capacity.
Never worry that your Intended Beneficiaries are very young and are not capable of managing asset entrusted to them under your Will. You also have the power to appoint a trusted person as the Guardian who manages the asset on behalf of your beneficiaries until they attain the age of majority.
When writing your Will
- You should ensure the following is done.
- The Will must be in Writing
- The will must be duly signed by you.
- Attested to by at least 2 Witnesses (not beneficiaries or executors)
What should be included in your Will
- Your full name and address
- Name and address of your Executor(s)
- The Full mane and address of your address of your Beneficiaries
- The full details of your assets both real estate and personal asset
- A vivid allocation of the assets to your beneficiaries
- Names and Address of your witnesses
You don’t have to worry that a Will you made today will not cover asset acquired or disposed in the future. You are free to amend your Will to include your current asset by making a Codicil or make a Fresh will which must comply with the requirement for a valid will.
Safe Custody of an Executed Will
Once your Will is executed, it’s time to lodge it at the High Court probate registry within your State.
This lodgment is legally required to prove the authenticity of your Will as representing your intentions after life.
Copies of your Will can also be kept in safe custody of your Attorney, a Trusted Friend, Clergyman or a designated bank.
The Will is taken to the probate registry after valid execution.
You don’t have to acquire the whole world to make plans for the future.
Making a Will is as Important as acquiring an Asset
Acquiring an asset is for Now. Making a Will is for the future.
Start Today
About the Author
Adedoyin Adebayo is a Legal practitioner with profound expertise in Property law among other practice areas. He is an associate Lawyer at Oyewole& Adesina, Ikoyi, Lagos, Nigeria.
He can be reached via 08061213504.
Or adedoyinsamuel11@gmail.com or adedoyin@oyewoleadesina.com
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This work is published under the free legal awareness project of Sabi Law Foundation (www.SabiLaw.org) funded by the law firm of Bezaleel Chambers International (www.BezaleelChambers.com). The writer was not paid or charged any publishing fee. You too can support the legal awareness projects and programs of Sabi Law Foundation by donating to us. Donate here and get our unique appreciation certificate or memento.
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