There are generally 2 types of willsWills A legal document that establishes what you want to happen to your money, property and other assets after your death. A will can also set out plans to take care of your children or other family members who count on you financially.+ read full definition: handwritten (called a “holograph” will) and typewritten. Different provinces have different requirements for what makes a will valid. The requirements for Ontario are described below.
1. Handwritten will
For a handwritten will to be valid, it must be entirely in your own handwriting, signed by you and dated. No witnesses are necessary.
If you choose to handwrite your own will, have a lawyer review it. What you think are clear directions may not be to someone else, and your will could be contested or misinterpreted.
2. Typewritten will
A typewritten will is usually prepared by a lawyer. It must be signed by you and witnessed by 2 individuals who are both there when you sign it. These individuals cannot be beneficiaries or spouses of beneficiaries under your will.
If a typewritten will is not properly witnessed, it is invalid and provincial estate laws will apply unless you have an earlier, valid will.
Your mental capacity when making your will
A will is invalid if you did not have the mental capacity to sign it when it was made. A beneficiaryBeneficiary The person(s), institution, trustee or estate you choose to give money, property or other benefits when you die. You may name beneficiaries in your will, insurance policy, retirement plan, annuity, trust or other contracts.+ read full definition – or a close family member who was left out of the will – could challenge it in court on the basis that you did not know and understand the terms in your will.
For this reason, avoid preparing a will during a temporary period of physical or mental frailty or illness. Wait until you have recovered before preparing a new will. If you can’t wait, get your doctor to prepare notes on your mental capacity. These notes can help prove that you were mentally fit to make a will if it is later challenged. A lawyer can also take notes on your mental capacity.
You can draft your will in 2 ways:
- Handwritten (called a “holograph” will)
- Typewritten (usually prepared by a lawyer)