Why one Should leave behind a will

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.