According to the Indian Law, “Will is the legal declaration of a person’s intention which he wishes to be performed after his death and once the Will is made by the testator it can only be revoke during his lifetime.” A person cannot give his ancestors property in the form of a Will but he can make a Will only of his Self-Acquired property . A Will regulates the succession and provides for succession as declared by the testator. The statutory […]
Category: WILL and Estate Planning
What legal matters are to be considered before writing a Will?
Is your WILL in place. What’s your excuse!
1. I do not really have significant assets The real question is whether you have dependents and are these assets significant for them? If you do have dependents, then making sure that they have easy and unfettered access to your assets is critical. A Will in this situation becomes imperative.