What is Holographic Will?
Holographic Will is an unwitnessed handwritten legal document prepared and certified by the person who makes a will to determine how their possessions will be distributed once they expire. It's nothing more than a will that you draft and execute entirely from scratch.
Understanding of Holographic Will
Holographic wills shouldn't have to be recognized or registered, which might cause complications for a formal court evaluation. Several countries require that a hologram carry the maker's identity to prevent corruption.
Authorities may have to assess whether a will is valid from the testator's perspective and with his or her consent. Handwriting specialists or persons who are experienced with the decedent's writings must prove to the judge that the signature was truly his. When the writing is unclear or hard to read, issues may occur.
Requirements for Holographic Will
A hologram should include the following to be legally valid:
- It should be completely written in your own writing style.
- You should sign the document.
- It should have the same basic elements as any other will. This involves nominating heirs to your assets, assigning elders for your underage children, and selecting someone else to implement your will's desires.
- Preferably, your will should be witnessed in accordance with your country's rules.
The Advantages of Holographic Will
The most common categories for creating holographic wills are as follows:
Ease
Holographic wills are one of the simplest types of wills to make. Other than needing the testator's sign verified, there are no extremely difficult procedures.
Economy
Many people opt for a written will to save money on the cost of employing a property-related attorney.
Emergency
In times of emergency, having a holographic will on hand is a good idea. If someone gets terminally sick or is in a tragic event, holographic wills can be created quickly.
Privacy
Some people are hesitant to deal with an attorney due to concerns about their privacy. Making a holographic will could be a useful choice for such individuals.
Practical Example
Jenifer was a 60-year-old lady who used to work in a multinational company and possesses a variety of assets and properties. One day, she had a minor heart attack that caused severe paralysis and she faced difficulty in pronouncing any word. So, she decided to make a holographic will with her signature to decide what happens to her assets if she dies.
In Sentences
- A holographic will is created by the maker's own handwriting and because of this, confirming a holographic will's authenticity can be difficult.