Frequently Asked Questions
What is a Will and why do I need one?
A Will is a legal document that outlines how your assets should be distributed after your death. Without one, your estate may go through long and costly court processes.
Is this service really free?
Yes, our basic Will drafting service is completely free. You only pay if you choose the WILL UPDATE feature ($100/year for unlimited updates).
If I don’t have a Will and I pass away, can my next of kin withdraw money from my bank accounts?
No. Your next of kin must obtain Letters of Administration from the court before accessing your bank accounts.
Is it true that if I have a Will, my executors will have to pay tax on the value of my assets upon my death?
Yes. To obtain probate from the court, estate taxes must be paid. Similarly, if you pass away without a Will, tax must still be paid when obtaining Letters of Administration.
How do I finalize my Will?
Print your Will, sign it, and have two witnesses sign it with you. That’s all you need to make it valid.
Is this service legally valid in the UK, USA, and Canada?
Yes. Our template is tailored for common-law jurisdictions including the UK, USA, and Canada.
Can I also get help with Power of Attorney (POA)?
Yes. We can guide you in preparing a POA so that someone you trust can act on your behalf if you are incapacitated.
What is the difference between a Will and a Deed of Gift?
A Will distributes your estate after death, while a Deed of Gift transfers ownership of property or assets during your lifetime.
What happens to a bank account after someone dies?
Bank accounts are frozen immediately after death.
Funds cannot be accessed without a Grant of Probate (if there’s a Will) or Letters of Administration (if intestate).
What happens if no one claims the deceased’s bank account?
If unclaimed, funds may eventually go to the state
How much unclaimed money is in the UK?
As of 2025, estimates suggest £50–90 billion in unclaimed assets, including bank accounts, pensions, insurance policies, and investments.
Does having a Will prevent unclaimed funds?
A valid Will greatly reduces the risk of unclaimed funds.
Executors gain legal authority to access accounts and distribute assets.
What happens if a deceased person’s bank account is unclaimed in Ghana?
Unclaimed funds are transferred to the Bank of Ghana (BoG).
How much money is currently unclaimed in Ghana?
Recent reports (2024) show that dormant accounts transferred to the BoG amount to:
GH₵167.8 million
USD 14.6 million
GBP 2.4 million
EUR 2.3 million
Other estimates suggest the total could be as high as GHS 500 million.