Nov 23, 2017

Wills And Codicils 101 | eberechi may okoh


 Lawyer: Have you written a Will?

Client: Nope, not ready to die yet.

A Will is a testamentary deposition of a person’s assets, and in some cases, liabilities. Simply put, a Will is a document a person prepares to communicate how he/she will want his/her estate distributed after death. Being ambulatory, it only takes effect after the death of the testator (maker of the Will). A Codicil on the other hand is a document supplemental to a Will in which a testator makes further provisions for his/her estate. It may be used to distribute assets to which the testator got entitled after executing his/her Will, revoke gifts given in the Will, appoint new executors to replace previously appointed executors who may be unable to act, or such other supplemental issues that may arise after the execution of the Will.


A good number of people may leave writing a Will to a much older age due to a foreboding that writing a Will may hasten demise. Some others consider their assets too few to warrant any formal distribution. Whatever the case, it is important that Wills when written are properly done and in a manner that the Courts will readily give effect to.

In Nigeria, Wills are administered by state laws. This informs the preference of most testators to engage the services of lawyers in preparing Wills. Lawyers engaged for these services help guide the testator along the lines of legality to ensure a testator’s Will is enforceable after his death. Case in point, the Rivers State Wills Law provides in section 2 that a spouse, child, parent or sibling of the deceased who immediately before the death of the deceased was being maintained either wholly or partly, by the deceased may apply to the court for an order on the ground that dispositions of the deceased’s estate according to his Will is not such as to make reasonable financial provision for the applicant. 

The Court on certain considerations such as the time of making the application and what constitutes “reasonable financial provision” in the circumstances may make an order for the applicant’s maintenance from the estate of the deceased. This of course is irrespective of the fact that the order departs from the exact provisions of the Will. It is also pertinent to note that some hereditary customs have long been recognized by case law and may override certain provisions of a Will.

Another legal point to be noted is that a valid Will must be signed by the testator before two witnesses who must be present at the same time, or if previously signed by the testator, the testator’s signature must be acknowledged by both witnesses in the presence of each other. Where the witnesses were not present at the same time, the Will may be invalid.

If it is established that a deceased left a Will, the lawyer or such other person with whom the Will was reposed will inform the executors who are in turn, required to apply to the relevant Probate Registry for the Will to be read and subsequently for a Grant of Probate. The Probate Registry will issue the necessary forms to be filled and advise on the estate taxes to be paid before the Grant of Probate.

Where a person dies intestate, i.e. without a Will, close relatives or associates would apply to the Probate Registry for letters of administration for the estate. The Registry will request sureties and interview them to ensure the applicants are the proper persons to make the application. Publications would also be made in Newspapers to inform the public that the applicants have come forward to obtain letters of administration for the estate of the deceased. 

Where there are no objections following the Newspaper publications, the Probate Registry will upon the payment of all relevant fees and estate tax, issue Letters of Administration to the applicants. It is noteworthy that Letters of Administration may often omit certain assets of the deceased unless the deceased had close family members or associates who were aware of every single asset belonging to the deceased. In contrast, a testator sets out all his property in the Will including assets which no other person may have possibly had knowledge of.

Notwithstanding the advantages of Wills, in practice, Wills often get contested. Most times, such objections are raised by family members and close relatives and culminate in long years of litigation. In re Morgan (1893), 3 Ch. 228, Nathaniel Lindley, Baron Lindley, L.J. said “I do not see why, if we can tell what a man intends, and can give effect to his intention as expressed, we should be driven out of it by other cases or decisions in other cases”. Put differently Wills should be plainly construed without subjecting it to litigation, citing of cases and their decisions thereof. Unfortunately, Wills do and have continued to be the subject of many litigation cases. Some of the common grounds on which Wills are usually challenged are:

1.     The testamentary capacity of the testator at the time of making the Will, i.e. his mental disposition;
2.    Due Execution of the Will;
3.    Marriage by the testator subsequent to the execution of the Will;
4.   Inadequate provision for dependants;
5.    Undue influences; and
6.   Alterations to the Will.

If not properly managed, disputes over a Will may survive the beneficiaries and depreciation of bequeathed assets may set in. 

In conclusion, whether a Will is written to express emotion as Sara Clarke of Bournmouth who directed in her will: To my daughter, I leave £1 – for the kindness and love she has never shown me[1] or to ensure one’s assets are properly administered after death, Wills will continue to be written and in all cases, will affect not the deceased but those who are or are not mentioned in such Wills. It is therefore important that people understand the essence of Wills and how Wills affect them.


Eberechi May Okoh

Senior Associate at Streamsowers & Kohn

Source: Linkedin 

Photo Credit - www.ilawconnect.com 
Share:

2 comments:

  1. DO YOU NEED A LOAN?

    We are Currently offering a floating loan scheme at interest rate of 2% with proper valid identity card for verification.
    You can send your loan request for any amount of loan you need.
    We offer loans ranging from $5,000.00 USD Min. $50,000,000.00 USD Max.
    We long-term credit from five (5) to fifty (50) years maximum.
    We give the following type of loan: Project loan, Refinance loan, business investment loans, car or vehicle Loans, Student loan, debt consolidation, housing Loans, Personal loans, travel and vacation loan, Christmas and new year loan.
    Our company also need a person that can be our company representative in your country.
    Contact our STEPHEN WILLIAMS FINANCIAL LOAN FIRM office via email: stephenswillsloan@gmail.com
    If you are interested in our financial offer and wants to acquire a loan from us, contact us and give us the details below, and that will be needed to initiate the loan sum terms and conditions accordingly.
    Name: ____________________________
    Gender: _______________________________
    Marital status: _______________________
    Contact Address: ______________________
    City / Zip: ________________________
    Country: ______________________________
    Date of Birth: ________________________
    Amount Needed as Loan: ________________
    Loan Duration: ________________________
    Monthly Income / Yearly Income: _________
    Occupation: ___________________________
    Purpose for Loan: _____________________
    Phone: ________________________________
    Fax: __________________________________
    In recognition of these details will be sent a well calculated Terms and Conditions including the agreement.
    Thank you for your patronage!
    Best Regards,
    STEPHEN WILLIAMS FINANCIAL LOAN FIRM
    Email: stephenswillsloan@gmail.com
    Website: http://stevenwilliamsfinancialloanfirm.webs.com/
    Twiiter: @stephenswillsl1
    Instagram: stephenswillsloan

    ReplyDelete
  2. Do you need a quick long or short term loan with a relatively low interest rate as low as 3%? We offer business loan, personal loan, home loan, auto loan, student loan, debt consolidation loan e.t.c. no matter your credit score. We are guaranteed in giving out financial services to our numerous clients all over the world. With our flexible lending packages, loans can be processed and transferred to the borrower within the shortest time possible. We encourage you to contact us and learn more about the loans service we offered. If you have any questions or want more information about our company, please do not hesitate to contact us: housingfinance247@gmail.com
    LOAN APPLICATION FORM
    1) Full Name:
    2) Gender:
    3) Loan Amount Needed:.
    4) Loan Duration:
    5) Country:
    6) Home Address:
    7) Mobile Number:
    8)Monthly Income:
    9)Occupation:
    )Which did you here about us.
    Email housingfinancepvt@gmail.com

    ReplyDelete

Blog Archive

AELEX Annual Lecture

AELEX Annual Lecture
AELEX Annual Lecture

ORDER NOW

The Nigerian blawg

Disclaimer:- Posts and comments by the publishers of this blog do not constitute legal advice or create an attorney-client relationship.

Follow by Email

Advertise your property

Property Listings

  • SALE-4bedroom duplex With 3 living rooms. Located at Opic Harmony Estate. Asking 80m Title Global C of O/ consent in progress. 08055424566
  • FOR SALE 8bedroom duplex 2 living rooms With 2 rooms BQ N150m Located off CMD Road Magodo Registered Title Contact 08055424566
  • Property for Rent – New Building, 4 unit luxury 2 bedroom flat available at Rafiu Ipaye Street, Ijesha, Surulere. Ground floor back flat- 700k per anum, First floor back flat – 750k per anum, 2nd floor back flat – 750k, 2nd floor front flat – 800k. Service charge - 75k per anum. Refundable caution – 70k. Call 08055424566 for details.
  • Property For Sale!!! A fenced and gated uncompleted 3 bedroom site on a full plot of land is available for sale at Igbetu via Awoyaya, behind Mayfair Gardepn Estate, Ibeju-Lekki, Lagos for sale. Price is N20million and Title Documents include, Family Receipt,  Deed of Assignment and Global C of O. Contact 08055424566 for more information
  • PROPERTY FOR SALE!!!!!!!!  A 5 Bedroom Duplex with 2 room BQ formerly used for a Nursery & Primary school is available for sale in Iyana Ipaja, Lagos  Building contains 9 CLASSROOMS, 2 OFFICE SPACES, 1 LARGE RECEPTION, 8 TOILETS, 5 BATHROOMS, KITCHEN,PLAY AREA. The seller's title is a certificate of Occupancy and the asking price is 35 million Naira.  Contact 08055424566 for more details 
  • List your property for rent or sale here

CONTACT US

Name

Email *

Message *

Powered by Blogger.