What is a will :-
A will is nothing but your wish or desire to leave
the legacy behind you with clear statement that to whom your left behind Assets
like Real Estate, Cash, Jewellery and other personal property shall be given
lawfully. A will contains the declaration from maker towards his / her legal
heirs to get the belongings in a lawful manner and to avoid any family
disputes.
Why a Will is important :-
A will is very important document to be signed by
one responsible individual during his life tenure and it is most important only
when it is drafted in a right and lawful manner. If anyone die without leaving a will behind ;
then it is up to the court to decide about distribution of property and other
belongings according to law towards legal heirs which can cause a lot of
difficulty to legal heirs due to complicated
paper work and can cause a lot delay also. It may also not be as per
your wish and the estate will be distributed as per legal share only.
Valid Will :-
A will is thoroughly valid when it is written by
A person of sound mind and without any pressure or
coercion.
It can be on a simple paper and not required to be
on legal paper.
Has to be signed by the person making and submitting
a will.
A valid will has to be witnessed by at least two
witnesses and none of the witness shall be the beneficiary towards the will .
Steps to write a will :-
Step 1 :- Make your mind and plan ….
Make your mind and plan to distribute your estate to
your legal heirs as per your wish. Draft a rough plan and think it through
twice. You can also discuss your plan and can take advice from your family or
close friends before you go it final.
Step 2 :- Draft
your will …….
Contact your solicitor or Financial Advisor and get your will drafted as per your wishes.
Pay the fee as required and as per market practice to your financial advisor
which may vary from market to market.
