A will is a legal document by which a person expresses their wishes as to distribute his property on their demise and names one or more persons, the executor, to manage the estate until its ultimate distribution.
As per the Indian Succession Act 1925, a Will is a legal declaration of the intent of the testator, regarding his property which he wishes to be carried into effect after his death.
The principal characteristic of a WILL to be lawfully valid is 2 persons attesting witness to the will when the testator signs in their presence. If only one person signs as a witness then it is not a valid Will. Will need not be registered. An unregistered will is valid if it is signed by two attesting witnesses.
Every person who is of :
Most states necessitate that witnesses to the will should not stand to inherit under the terms of the will. A beneficiary’s spouse may also stand to be disqualified from being a witness. If a beneficiary to the will serves as a witness, the will to that person could be declared void by a court.
The six essential elements of a valid will are:
Different type of legal will are as follows:
A will brings in order with regard to how your assets will be handled after your death.
In case of an intestate death (without a will), your assets would devolve as per the laws of inheritance, which may not be as per your wishes. A will is where you can state exactly how you want your assets to devolve.
Approx. 3 to 4 working days will be required to deliver the will after the information is received. In case of modification it approx. 2 days.