WILL - DEED is one of the
important document in one's life.
Because this the one and only document to be executed in the last time a
person's life in his last minute. Many
people does not recognize the importance
of Will Deed, due to which after the demise of the head of family the children
(Successors) will face many problems. It
is always better to execute a WILL DEED when a person attains the age of 65 or
more. so that the children will not suffer in succeeding the properties earned
by the head of family.
WHO SHOULD WRITE WILL DEED:
any person who is a major and having sound mind is entitled to execute a Will
Deed. The persons who is having movable, immovable properties, cash, ornaments
or any type of assets shall write a WILL DEED so as to transfer the same to his
family members/Legal Representative.
HOW TO WRITE A WILL: WILL DEED is a simple deed it can be written
on any paper, but it should be attested by two major witnesses.
IS IT COMPULSARY TO REGISTER
A WILL DEED: NO it is not compulsory to register a will deed even a WILL DEED
can be executed on a white paper. But I
sincerely advise the parties to register a WILL DEED to avoid future
complications.
WHY REGISTRATION: Because
WILL DEED should be presented in many Government and Municipal offices
to get mutate the names of Legal Representatives. In the Government offices to avoid
unnecessary litigation and to have perfection and to avoid risk usually prefer
a Registered WILL DEED. So it is always
safe to register a WILL DEED.
What is a Will?
According to the Indian
Succession Act, the will is a legal wish of the person writing it, of how he
wants his property to be distributed after his death. A will is a document made
by a testator (a person making a will) before his death, where he expresses how
he wishes his property to be distributed after his death. The document becomes
legally enforceable only if it is written and signed by the testator and at
least two witnesses who have seen the testator signing the will. It comes into
effect only after the death of the testator and has no significance during his
lifetime. Though it is not compulsory to register a will, the testator may
choose to register it with a Registrar or Sub-Registrar of the district court
under whose jurisdiction the property lies. It is always advisable to register
a will as registering gives it a legal backing in case of any disputes which
may arise in the future, such as disputes regarding the validity of the will.
The testator can also choose to keep the will in safe custody. The will can be
withdrawn at any time.
Who can make a will?
Any person who is a major
and has good mental health can make a will. A will obtained by force or undue
influence will not be valid as it has not been made by the free will of the
testator. A person can make a will at any time during his lifetime, provided he
is a major. There is no restriction on age or the number of times a will can be
made.
Purpose of a Will
It is important for a person
owning any property to draft a will because it gives him control over the
distribution of his property. This enables a smooth transfer of property to the
people the testator wishes, after his death. If the testator has minor children,
he can provide for their care in his will. Succession of property often becomes
a point of conflict among relatives or successors of a dead person. A will can
help avoid such conflicts. The testator may also wish to donate his property to
charity or any institution. He would not be able to do this in the absence of a
will. In case a person dies without creating a will, the laws relating to
succession of property will take effect, which will decide who will receive
shares in the property and the percentage share that they will receive.
What property does the will
cover?
The will covers only such
property of which the testator is the sole owner. In case of property jointly
owned by the testator with any other person, consent of all the parties jointly
holding the property is required to execute the will.
How does a will come into
force?
we are providing online will
services. for details call us at
(we highly respect our
clients. we do not disclose the personal
details of our clients to anybody. )
9848647145 or
6281412621- or watts app to the first number.- Sarma
************************
No comments:
Post a Comment