In This Blog we will Give you 5 Important Elements on how to make a WILL
Should we Make a Will on Stamp Paper ?
Does Will Require a Registration with the Registrar Of Government ?
Can I make a Will Without a Lawyer ?
What if I Make a Will and then Want to Change it After some Years ?
Is there any Sample Draft or Format of the WILL a Standard Draft of a WILL.
Introduction
2 Minute Read Article.
A will is a document that details how you would like your assets to be distributed after you die. It is an important document to have, especially if you have significant assets or family members that you want to provide for. In India, there are a few things to keep in mind when making a will.
First, the will may be made on stamp paper. This means that you will need to purchase stamp paper from the government in order to make your will.
The amount of stamp paper can be minimum. This is not mandatory but at least it proves one thing that the will was made on a specific date as the date of issue is written on stamp paper and also the name on whose the stamp paper was purchased. There is no compulsion to make a will on stamp paper but when you have assets its is worth to spend 100 to 500 Rs stamp paper as per the choice as again i say that there in no requirement of making a will on stamp paper and it can even be on plain paper.
Second, your will must be signed by two witnesses in order for it to be valid. These witnesses can be anyone, as long as they are not related to you or beneficiaries under your will.
Finally, it is important to keep your will in a safe place where it can be easily accessed by your loved ones after you pass away.
Making a will is an important step in ensuring that your assets are distributed according to your wishes after you die. If you have significant assets or family members that you want to provide for, then making a will and getting it registrar of property is advisable though it is not mandatory.
No it is not mandatory to make a Will on Stamp Paper it can be even on simple pain paper. But if i personally had to choose to make a Will i would make it not just on stamp paper but also get it registered with the registrar of property as appointed by the government in each area nearyby to your taluka.
Does Will Require a Registration with the Registrar Of Government ?
While there is no legal requirement to register a Will with the Registrar of Government, it is generally advisable to do so. Registering a Will ensures that it will be easily accessible to your executor after your death, and can help to avoid disputes about its validity.
There is no requirement to register a will with the Registrar of Wills, however, doing so may provide some benefits. For example, if the original will is lost or destroyed, a copy on file with the Registrar can be used to probate the estate. Additionally, registering the will may help to ensure that it is not tampered with or misplaced prior to your death. There is a small fee for registering a will, but it may be worth the peace of mind that comes with knowing your final wishes are on file and can be easily accessed by your loved ones when needed.
Can I make a Will Without a Lawyer ?
Yes, you can make a Will without a lawyer. However, it is not recommended as there are certain legal requirements that must be met in order for the Will to be valid. Without the assistance of a lawyer, it may be difficult to ensure that your Will meets all the necessary requirements. Additionally, if you have any questions about the process or your specific situation, a lawyer will be able to provide guidance and help you understand the complexities of making a Will.
What if I Make a Will and then Want to Change it After some Years ?
If you make a will and then want to change it after some years, you can do so by either making a new will or by adding a codicil to your existing will.
A codicil is a legal document that makes changes to an existing will. You can use a codicil to add, delete, or change anything in your will. To make sure your codicil is valid, you must sign and date it in front of witnesses, just as you did when you made your will. You should also give copies of the codicil to your executor and anyone else who has a copy of your will.
Is there any Sample Draft or Format of the WILL a Standard Draft of a WILL ?
Though each WILL and Draft is different but there is surely a structure which we follow and sure we can provide you a Sample draft of WILL. Please click the below button and ask for Sample Draft and one Free Consultation with our Expert Lawyer
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Why Should you make Will ?