Will

A Complete Guide on Preparing a Will

In this blog, We've shown the step-by-step procedures that will enable us to dispel your questions about how to draught a will in India.

Will is defined as a legal deed that any Indian can draft to ensure that his last wishes are successfully executed after his demise. Jurisdiction looks forward to the interests of a will’s author. Generally, a will dictates the distribution of tangible assets after death. The key point that must be kept in mind is that there is no execution power of any will as long as the will’s writer is alive. He can change the terms whenever he wishes to do so.

You can find out more about Wills by reading What is a Will and Why it is Important. Now that you know the specifications for creating a valid Will through Will writing services, here are some tips for a smoother execution.

Despite being a legal paper, there is no standard format for wills. Many others decide to produce handwritten ones. There is no hard and fuss rule that a will must be stamped affidavit. The executioner should abide by the clauses of the will set by the author. We’re going to talk about how to create and prepare a will.

Who is authorised to make a will?

Any Indian citizen owns the fundamental right to draft a will per the 59th Section of the Succession Act. This law was enacted back in 1925. The author must be an adult and must possess a rational mind. These are the must-haves that need to be ensured by the attorney who clarifies the doubt – How do you write a will?

The extended portion of the same section favours individuals who are medically tested to possess an unsound mind. He might opt for making a will during the period of his rational mindset, subject to the fact there should be adequate medical evidence supporting the event.

Section 59 prohibits an Indian from making a will when he is possibly intoxicated or suffering from sickness. The sole purpose is to protect the will writer’s interests, as, in those situations, he might take a hurried decision without considering the long-run consequences.

How do you write a will?

The procedure is very simple and affordable. It presents many benefits both to the will’s writer and his desired lawful heirs. Here are a few steps that guide us in our will attempting:

  • At first, there must be a full proof arrangement made in advance for all the necessary papers that are required to be attested while framing a will. A few of these include nationality Ids of the heirs with their legal names, the details of a guardian (if any), the details of the executor, the estimated valuation of taxes and debts, general estimation of the net wealth, etc.
  • Do we recommend engaging a lawyer who can describe how to draught a will? This is essential to limit the chances of loophole presence in the will. A lawyer can craft will clauses through the oral assistance of the owner, or the owner himself can write them.
  • Approval is presented from the state court of law only after verifying the signatures of the witnesses along with that of the testator.
  • Proper execution leads to easy access to wealth. To ensure this, the will must be registered. This demands stamped approval from the state jurisdiction. It is recommended to keep non-beneficiary parties as witnesses.

The Information that Must be There is a Will

A will is incomplete without the following inputs:

  • Minute details about the testator: This information is primary, without which the whole process has to wait. The will should read out loud the name, personal address, current age, application date, and other necessary information that directly points to the will’s creator. It also helps keep track of the amendments (if made in the future).
  • Declaration: This part of the will may seem like a mere formality, but much more than that. For individuals trying to learn to write a will this step is really necessary. It states that the author has made a decision in a sound state of mind. It must also confirm that no third party has pressured the testator to decide likewise.
  • Details that help learn more about the beneficiary: The beneficiary’s relation with the testator must be present in the legal deed. Their name in nationality documents must match the name used in the will. In the case of multiple beneficiaries rough division of wealth is expressed in terms of percentage. The execution takes place under the supervision of an appointed attorney.
  • Details of the executor: The executor carries out the tasks wished by the will’s writer before he died. Also, he ensures that the execution pathways stay consistent. Otherwise, any lawful heir may lose their portion partially or wholly. The executor’s name, current age, residential address, and relationship with the testator has to be present in the will by all means.
  • Share division: This is a vital section that lists down the property portions that are specifically meant for one concerned heir. Apart from explaining the division of assets in detail, this part also states the specific gifts intended to be given to certain people as per the testator’s wish. This can be something of great emotional value, like a family portrait.
  • Property details: This must be included in a will; otherwise, the whole process will make no sense. Often there is confusion as many keep on guessing that they must hire an accountant who will determine the valuation of his entire set of assets. But in reality, this is not the case. A testator needs to assess an estimated value of his assets mentioned in monetary terms in the will. A possible alternative is to mention the assets themselves without stating their price.
  • Particular directives: These are proposed options stated by the testator to direct the executor on how he must handle operations after his demise. The concept is to make sure each successor gets whatever the will has promised them. One thing is to be kept in mind that assets are only transferable if there are no undue loans or taxes in the testator’s name.
  • Witness: There must be a minimum of 2 witnesses who should sign the will in the presence of a lawyer. The testator must also sign the will. There is no need to share the will’s detailed data with the witnesses. But the testator’s signature needs to be approved by them.

Conclusion

The above section is pretty clear on making a will. A few criteria must be met; otherwise, complications are bound to follow while executing the wishes after the testator’s death. Indian Legislature presents certain laws that govern the transference of wealth after one’s death. These laws are the Indian registration law of 1908, the Indian Stamp Law of 1899, and lastly, the Succession Act enforced since 1925.

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