
DEN JEN LAW
WILL
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What is a Will?
A Will is a legal document that spells out your wishes regarding the care of your children, as well as the distribution of your assets after your death.
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What Does a Will Cover?
A Will allows you to direct how your belongings—such as bank balances, property, or prized possessions—should be distributed. If you have a business or investments, your will can specify who will receive those assets and when.
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Why You Should Have a Will?
You can be clear about who gets your assets. You can decide who gets what and how much.
You can keep your assets out of the hands of people you don’t want to have them.
You can identify who should care for your children. Without a will, the courts will decide.
Your heirs will have a faster and easier time getting access to your assets.
1. Executing the Will
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Signing your Will is called “executing ” it and makes the Will legal ( assuming
that the document is not lacking in some formality or content). Wills are
typically executed in the state of residence of the Testator (the person who is
dividing his or her property).
Some states require that a Will be signed by the testator in the presence of a
Notary Public in order to be legal. It is still always a good idea to have all
parties sign in the presence of a Notary Public, even if not absolutely required
by law.
During the execution procedure, you and all Witnesses must be present at all
times. No one should leave the room or be out the sight or hearing of the
others. The Will itself should be kept in clear view at all times. If having the
Will notarized, the Notary Public should be present for the signing of the Will
and Self-Proving Affidavit.
Make sure that everyone clearly understands that they have been gathered to
bear witness to your signature to the new Will.
Please note that you do not need to read the Will. To can keep the details
completely private if you choose.
Show Witnesses how many pages are in the Will and show the blank signature
areas.
Once all parties have signed the Will, inspect it and confirm that the date,
signature, and other details are properly inserted and legible.
Usually only the original Will is signed and witnessed. Some people choose to
make a photocopy of the Will (in the presence of the same Witnesses and
Notary, if applicable) immediately after it is signed by all parties, sating and
initialing the photocopy and clearly labeling it as a photocopy (in Ink). This can
allow more than one party to safeguard the Will, while still limiting the
potential for confusion of which copy is the official original Will.
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It is recommended that you initial each page of the Will in the lower right-hand
corner. (A Blank space has been provided for such initialing). Your initials help
prevent anyone from tampering with your Will by substituting pages. You can
also date these initials if desired
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Do not sign any document until you have reviewed and understand all of the
information provided in these instructions. The signature which you use in your
Will should be your common everyday signature (even if it normally contains
initials or excludes your middle name)
You should sign and date the Will in blue ink, in the presence of the Witnesses.
To help ensure that your actions and Will comply with all formalities of local
law, it is wise to add these signatures to the Will in the presence of a Notary
Public. This may be accomplished by utilizing the Self-Proving affidavit.
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Almost all states require that Will be signed by at least two Witnesses. The
Will in this kit allows for three Witnesses, with the third Witness being
optional. If one of the witnesses is later disqualified or otherwise deemed
unsuitable to serve as an impartial Witness, such a formality shall not
immediately challenge the legality of your Will.
The Witnesses should be competent adults who are not beneficiaries, personal
representatives, or guardians under the Will. They should have no potential to
benefit from your Will. As such, you should never allow your children or
relatives to sign as Witnesses. If possible you should choose Witnesses who
would not likely be living abroad in the future nor those who would not likely
to die before you. (It is Helpful for your Witnesses to be accessible if your Will
is ever challenged after death.
A legally competent adult is one who is age 18 or older. ( Most states allowpersons who are younger than 18 years old to serve as Witnesses, but if
possible this should be avoided.)
Neighbors and co-workers are commonly used as Witnesses (assuming that
they are not included in the Will or able to benefit from it).
While it is recommended, there is no legal requirement that your witnesses
personally know you. As such, if you are executing the Will in the presence of
a Notary public, the staff of a law firm, bank, post office, or company where
the Notary is located can serve as Witnesses.
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Typically when a person dies, a signed Will must be reviewed at a probate
hearing. It is at this hearing. It is at this hearing where the Witnesses shall be
asked to review the signature areas of the Will and offer testimony of the
signing and events surrounding the signing.
In many states, however, a Self-Proving Affidavit can serve in place of these
Witnesses and their testimony. It acts as written testimony, typically preventing
the difficulty in locating the Witnesses years later and scheduling for verbal
testimony to be given.
Thus, it is recommended you and the Witnesses sign the Self-Proving Affidavit
on the same day as the signing of the Will. This document must be signed in
the presence of a Notary Public.
Make sure that each Witness carefully reads the Self-Proving Affidavit prior to
signing it. Inspect the Self-Proving Affidavit and confirm that the date,
signatures, and other details are properly inserted and legible.
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Only the original Will should be signed and witnessed. (If you ever want to
change your Will at a later date, it may be difficult to find multiple signed and
witnessed copies in order to destroy them). You may, however, make copies of
the unsigned Will if you wish to provide copies to your Personal
Representative, friends, or children.
Keep the signed original Will in a safe place within the home. Make certain
that one or two family members know of its location.
A copy may be stored in a safe deposit box. It is not recommended to store the
original in a safe deposit box because safe deposit boxes are often sealed by
taxing authorities upon death, and thus it would be difficult for your
representatives to gain quick access to your Will. I some states you may be able
to deposit a copy of your Will with the local Probate Court. This is
recommended if available.
If you have a previous Will, you may want to destroy all existing copies. That
previous Will could be deemed as legal and proper if the new Will cannot be
located after your death or if it is found be invalid.
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During your lifetime, a child may be born, a named beneficiary may die, and
you may change your mind about the division of your property. You may
inherit real estate or wealth which is not properly accounted for in your existing
Will. In short, as the circumstances of your life changes, you may have the
desire or need to update your Will.
( Note: Never add changes or revisions to an existing Will simply by adding
hand-writing remarks in ink) a codicil is a legal amendment. This type of
document can be prepared to show that you wish to make a revision to an
existing Will. It helps explain that these one or two changes are needed, but
otherwise, the existing Will is accurate.
Codicil can be typed or handwritten, but should still be witnessed by multiple
parties, contain each party’s signature and the date of signing. It is
recommended that all amendments are only signed in the presence of a Notary
Public(certified).
Codicils of the Codicil should be kept with all copies of the existing Will.
Many people do not want to attach amendments, or the degree of that change to
be made are to great of an amendment to be practical. In these cases, they
simply write and execute a completely new Will.
Den Jen Holdings Inc.
DenJen Holdings is a BVI business company incorporated in the British Virgin Islands under
the BVI Business Companies Act, 2004. We are a limited Liability company incorporated in
November 2021 and provides Legal and Executive professional services to all our clients.
Previously, known as DenJen Law, we have been engaged in all aspects of criminal law, and
civil law but have recently been concentrating on Notarial Services, Consulting, and general
solicitor’s work since 2014.
2. Deed Poll
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A Deed Poll document is a formal statement that enables you to prove to such record
holders that you have changed your name and it provides you with the required
documentary evidence of the name by which you wish to be known.
3. Power of Attorney (POA)
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A power of attorney (POA) is a legal document giving one person (the agent or
attorney-in-fact) the power to act for another person, the principal.
The agent can have broad legal authority or limited authority to make decisions about
the principal’s property, finances, or medical care.
The POA is often used when the principal can’t be present to sign necessary legal.
documents for a financial transaction.
A durable power of attorney remains in effect if the principal becomes ill or disabled.
and cannot act personally.
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General Power
A general power of attorney allows the agent to act on behalf of the principal in any matters,
as allowed by state laws. The agent under such an agreement may be authorized to handle
bank accounts, sign checks, sell property, manage assets, and file taxes for the principal.
Limited Powers
A limited power of attorney gives the agent the power to act on behalf of the principal in
specific matters or events. It might explicitly state that the agent is only allowed to manage
the principal's retirement accounts.
A limited power of attorney may be in effect for a specific period. For example, if the
principal will be out of the country for two years, the authorization might be effective only
for that period.