A Will is a legal document that outlines your wishes for the distribution of your estate after you passes away. 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. When making a will, it is crucial to gather all necessary documents and carefully consider how you will divide your assets to your beneficiaries and heirs. After finalizing the will, get it notarized to make it legally binding. 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.
As the line goes “Tomorrow is not a promise.” make sure your wealth is secured by making a Will today. Take an action now and book an appointment with us. Don't wait until it's too late.
31355 Oak Crest Drive Suite 125 Westlake Village, CA 91361
+ 1 (323)-345-2652
2033 Gateway Place, Ste. 500San Jose, CA 95110