Will In India
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Deliverables
- Drafting of comprehensive legal documents either through Ready Draft or Duly Draft
- Delivering of soft copy along with a hard copy on legal paper with further instruction (if any)
- The comprehensive documents decided by us will be final. If an entity wants any further documents to be drafted either it will be swapped with any other documents or will be charged separately.
Note :
- Above packages does not include the following expenses
- Stamp duty, Franking charges
- Notarization expenses (If Required)
- Registration charges or any other Govt. fees will be separately charged (if any)
- Only one copy of documents duly printed on legal paper will be provided through courier, extra copies will be separately charged
Our Plans
Option 1:
Single Document Drafting
- Ready Draft- Drafted by an expert
Option 2:
Mandatory Documents Drafting
- Ready Draft- Drafted by an expert
Option 3:
Comprehensive Documents Drafting
- Ready Draft- Drafted by an expert
Timeline
3 days
(from receipt of all documents)
Step 1
Send us your enquiry by duly filling enquiry form.
Step 2
Our legal experts will call you to understand your requirement and offer best suited package.
Step 3
You approve the quotation and make advance payment, your work gets started.
Making a will in India
A will in India, sometimes called a “last will and testament,” is a document that states his final wishes. It is read by a county court after his death, and the court makes sure that his final wishes are carried out.
Types of Wills in India
There are 4 types of wills in India:
Simple will in India: A simple will distributed property of a testator.
Testamentary will in India: A testamentary trust will sets up one or more trusts for the distribution of part or all of one’s estate at the time of death.
Joint will India: A joint will is one that 2 people make together, each leaving all of their property and assets to the other. A joint will also stipulates how the assets will be distributed when the second person dies.
Living will in India: A living will is a document that allows you to state what type of medical treatment you want to be used if you want to be used if you be too ill or injured to communicate your wishes. It may also be referred to as an advance directive or a declaration
Why have a Will?
A will is so significant that it should be your primary step in your financial life.
If your family structure is varied, and you want to leave your wealth to different members of the family like you want to, you must prepare your Will today, not tomorrow, not later.
If you die with no preparation of a Will in India, your wealth will subsequently be distributed as per ‘Hindu Succession Law.’
A common mistaken belief is that all the estate is automatically passing to the spouse since children, and sometimes even relatives can make a claim to the property.
Laws of inheritance and succession will vary in nature and are diverse in the case of Hindus and Muslims.
How to write a Will?
A will has a number of parts, which duly completed, can create a complete Will. Although there is no legal or defined format, there is a model, which has been generally used for ages.
Declaration
Step 1- Declaration in the beginning: In the first paragraph, you have to announce that you are making this Will in your full senses and free from any kind of pressure. Mention your relevant name, address, age, and so on at the time of writing the Will so that it confirms that you really are, in your senses.
Details of Property
Step 2- Details of Property and Documents: The subsequent step is to provide a list of items and their current values, such as house, land, bank fixed deposits, postal investments, mutual funds, share certificates that you own. Also, specify where all these documents are stored by you. In all likelihood, these are in your bank safe deposit box. Even the Will must be stored in there! Make sure, and you mention the details from the bank manager related to the procedure and rules of releasing your Will from the safe deposit after the time of your death. Ensure you communicate it to the executor of the Will or to your family members
Details of Ownership
Step 3- Details of ownership: At the conclusion of the Will, mention who should own your assets items and in what proportion, after you have died. If you are giving your assets to a minor, ensure you appoint a custodian of your assets till the individual you have chosen, reaches adult age. This custodian clearly, has to be a trustworthy person.
Signing of Will
Step 4- Signing the Will: In the end, once you finish writing your Will, you must sign the will look very carefully in the presence of at least two independent witnesses, who must sign after your signature, thereby certifying that you have signed the Will in their presence. And clearly indicate the date and place at the bottom of the Will. Make sure that you and the witnesses sign all the pages of the Will. One significant point while choosing a witness is that they must be your friends, neighbours, or your colleagues and not the direct beneficiaries in the Will. They only officially state that you yourself have signed the Will in their presence and are not part of the process in making the Will in India. After the implementation of all the formalities, seal the envelope, and the seal must bear your signature and the date of sealing. The witnesses require to not signing on the seal of the envelope.
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FAQs
A testamentary will is a traditional will, aka last will and testament. It is a legal document that is used to transfer holdings in an estate to other people or organizations after the death of the person who makes the will, officially known as the testator.
