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How To Legally Draft A Will
Writing Your Own Will
How would you legally draft a will? Whilst we would not recommend that you write your own will, if you happen to do it, how would you ensure it is legally binding? You cannot leave a will without the seal of approval from a will writing solicitor because it could be annulled if it isn’t properly drafted. When we say “properly”, we mean legally binding. Or at lease reviewed by a solicitor so that it meets the criteria to be legally accepted.
Who Regulates Will Writing
The Institute of Professional Willwriters is the body that regulates will writing. Will writers apply for membership and the institute ensures only qualified professionals get accredited. All members must adhere to the regulations of will writing. The IPW ensures members legally draft a will by following their code of practice. This safeguards you from any malpractices and avoids disputes, when beneficiaries try to attain ownership of assets left in a will. The IPW is also a professional body that not only regulates will writing but also deals with complaints against a member, if the service offered isn’t to a high standard.
Who Is Regulated
Often professional will writers are not regulated, so if you have your will professionally drafted, you should instruct a member of the IPW to do so. Those regulated are members of the IPW. Some of its members are professional will writers and some are solicitors specialised in will writing. As a professional body, they offer training and continuing professional development, so that its members are always up to date with new legislations and changes in the law.
Legally Draft A Will
So, how would you legally draft a will? In short, you need to create a list of your assets, think carefully about who you’ll select as a guardian, who will be the executor of the will, who the beneficiaries will be, and then once drafted, you need to validate your will. It isn’t imperative that you should choose a member of the IPW but if you do choose a will writing solicitor accredited by the IPW, then you are ensuring that your will is legally binding. SG
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