Have you ever think about what will happen to your property once you leave for divine residence. The complications, conflicts and risks involved in the distribution of property would be poorer than what one can imagine. History has seen many cases when big business brothers have battled and quarreled over the division of their father’s property. All these arguments could have been avoided by a simple document commonly known as WILL.
Before moving forward let me brief you what exactly a will is.
In simpler terms, Will is a legal declaration by which a person (testator) provides for the distribution of his property after his death to the name of one or more persons. In other words, it is a means of legally defining, who will inherit the testator’s property after his death.
Being a testamentary document made by the testator in written format, Will comes into effect only after their death. If a person dies without stating the way for distribution of his property i.e. drafting a Will then it may lead to disputes among family members and possibility of litigations in the court. Hence, it is always recommended to draft and register a Will before it’s too late.
A Will can be drafted anytime during the life. No restrictions are applied on how many times does a testator is altering a Will. A person can amend, edit or cancel his Will as many times as he needs after revoking the previous Wills.
Also Wills can include certain other provisions such as you can appoint a guardian to take care of your children and you can express your preference about funeral arrangements. Also any wishes about the use of body for medical purposes after death.
What would happen if any person dies before writing a will? The succession of property under this situation is dealt under different personal laws. Contact LexOracle to know more.
LexOracle team of lawyers has decades of experience in dealing with intestate (a person who dies without writing any will) succession and testamentary succession (WILLS).They can perfectly prepare a Will that survives and is in consonance and compatible with both existing personal Laws and property laws. The most vital part of Will is not making the one but drafting it in such a way that it withstands and is in compatibility with the law of a land.
Q) What is a Codicil?
A codicil is a document that amends, rather than replaces, a previously executed will. Thus, it is an instrument which is made in relation to a will that explains alterations and additions to its disposition. This document is considered important as it is deemed to form part of the will. For instance, in situations a will has been made, the testator may still want to make some changes in the already drafted will.
We at LexOracle have experts who can get your Codicil done as well.
Q) Do we have to register the Will?
No, it is not compulsory to get the will registered but it is suggested that you get the will registered. We at LexOracle can get your will registered as well
Q) Can a Will be revoked? If yes, then how it is to be done?
Yes, Will can be revoked, changed or altered by the testator at any time when he is competent (essentially of sound mind) to make a Will. A person can revoke, change or alter his Will by executing a new Will, revoking the earlier Will, registering the new Will (if the old Will is registered), destroying the old original Will or by making a Codicil. On the marriage of an Indian Christian or Parsi testator, his/her Will stands revoked. This does not apply to Muslims, Hindus, Buddhists, Jains and Sikhs.
Q) Does Will have to be done on a Stamp Paper?
No, it is not mandatory to get the Will done on a Stamp Paper, a will on plain paper attested by atleast 2 witness is sufficient but if you wish so (and we suggest as well) we can get it done on Stamp Paper as well.
Q) What is the benefit of registering a Will?
If the registration of a Will is done the following benefits can arise:-
1. In that event, a copy of the will shall remain with the office of the registry
2. In case there is tampering of the original will, it can be compared with the will maintained in the office of the registry.
3. In the event the original will is destroyed a certified copy can be obtained from the registry office.
4. If a will is made regarding leasehold property before a probate is obtained it will be convenient to strike out a name or carry out a mutation.
Step1:- Receive free expert counseling on Will Drafting from our expert Property & Matrimonial Lawyer
Step2:- Provide basic input regarding Assets, Liabilities, number of beneficiaries, conditions that you wish to have on WILL and allied information
Step3:- Make Payment
Step4:- Receive the Draft (If it’s not up-to your liking? Make another one which better suits your needs. We give you 3 free re-iterations)
Step5:- Get it done on stamp paper (Optional, as per your wish)
Step6:- Get it Registered (Optional, as per your wish)
Click on apply now and get it done right away!!
|Packages Starting from||INR 11,999/-including postage charges|
LexOracle offers an All-inclusive, comprehensive and economical packages starting from JUST INR 5,499/- including the postage charges and registrations.Our Veteran Property lawyers will get your first draft done within 7*Days.
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Prices are inclusive of Taxes.
*Time period quoted is tentative and approximate
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