DEN JEN LAW

WILL

  • 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.

  • 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.

  • 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

  • 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.

  • 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

  • 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.

  • 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 allow

    persons 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.

  •  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.

  •  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.

  • 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

  • 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)

  • 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.

  • 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.