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by Venesha Johnson | Associate Writer
They say the only things you can be 100% sure of are taxes and death. So, while we work hard to create the life of our dreams and leave a great legacy behind, we also have to think about how we do so, and the best way, in my opinion, is by leaving a will.
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Now, I know here in Jamaica, traditionally we have the habit of passing down our assets simply by word of mouth and just passing it down in the family… without documentation.
Things and times have changed, and more of us have started to consider creating our wills but may be unsure what to do, or where to start.
A will, also known as a testament, is a legally binding document specifying how your assets and properties should be distributed after your death. It allows you to dictate who will inherit your belongings and ensures that your wishes and instructions are followed.
Why do you need a will? Why not just leave it in the hands of your families and friends to distribute as they please? There are numerous reasons why having a will is essential, especially in Jamaica:
Just like everywhere else in the world, Jamaica has specific legal requirements that must be met for a will to be considered valid:
While it is possible to draft a will without legal assistance, it is highly recommended to consult with an attorney-at-law to ensure that your will is properly executed and legally binding. However, if you choose to write your own will, follow these general guidelines:
If a person passes away and you believe they had a will, there are steps you can take to locate it:
A will is a vital legal document that ensures your wishes are carried out regarding the distribution of your assets after your death. By understanding the importance of a will, the legal requirements for validity, and the process of drafting and executing a will, you can take proactive steps to protect your estate and provide for your loved ones.
Whether you choose to seek legal assistance or draft your own will, it is essential to prioritise proper estate planning to safeguard your legacy and provide peace of mind for your family.
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