New User? Register Here
Already registered?Login Now
WILL is a part of overall Wealth and Financial Planning
WILL allows you to distribute wealth as per Your Wishes or else it willer personal succession Law like Hindu Law,Christian Law etc.
'What' is a WILL
WILL is a written document declaring your wishes to distribute(bequeath) your properties after your demise.
WILL and succession laws are different for different religions like Hindu Law, Christian Laws, Parsi Laws, Muslim laws.
'How' WILL is made
WILL can be made on plain paper – typed or handwritten. No stamp paper required. Registration of a WILL is not mandatory.
WILL can be made in any language covering details of Personal, Family, All Assets, Wishes duly signed by a person (Testator) and two witnesses.
Few 'Myths' About Will
Myth – WILL should be made at old age
Fact - Every Individual is aware about Date of Birth, but no one knows their ‘Date of Expiry’. We all buy life insurance keeping in mind for ‘Life Uncertainty’, the same concept need to apply for a WILL, isn’t it ?
Myth – WILL is not require when Nominations / Joint Holding arrangement made
Fact - A Nominee or a Joint Owner can only act as a Trustee and can NOT claim Ownership of the properties as legal heir. So if you think nomination / joint ownership is a solution, think again!
Myth-If a Will is not made, all the properties will go the spouse automatically.
Fact - If a Will is not made, then after demise, all the properties will be distributed equally amongst the mother, spouse, sons and daughters as per Succession Laws of your religion
Myth - Writing a Will is a tedious process. It requires several visits to lawyers, and also hassles of Stamp paper, Registrations
Fact - A Will can be written on plain paper and registration is not Mandatory. An unregistered Will is also 100% Legal. Now, Will writing is simple, hassle-free process with online facility make a Will at your own time and place.