It refers to the legal document that sets forth
a person's wishes and instructions for the distribution of their assets and
properties upon their death. In the Philippines, wills are governed by the
Civil Code, which sets out the requirements for a valid will. Under Philippine law, a will must be in writing, signed by
the testator or the person making the will, and attested to by at least three
witnesses who are of legal age and who are not beneficiaries or heirs of the
testator. The witnesses must also sign the will in the presence of the testator
and of each other.
A valid Philippine will may contain provisions on the
distribution of the testator's assets and properties, the appointment of an
executor or administrator, and other instructions on how the testator's estate
should be handled after their death.
It is important to note that Philippine law recognizes two
types of wills: notarial wills and holographic wills. A notarial will is a type
of will that is executed before a notary public, while a holographic will is a
will that is entirely handwritten and signed by the testator.
If a person dies without a valid will, their assets and
properties will be distributed according to the laws of intestate succession,
which may not necessarily reflect the person's wishes. As such, it is important
to consult with a lawyer who is knowledgeable in Philippine estate planning and
can help draft a valid will that accurately reflects the person's wishes.
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