Wills

Update 1st June -

Preparation of Will by Elders                          
You may think that you do not have that much property to make a Will and you have a Joint Bank Account, Fixed Deposits etc with nominations done in all cases. This is not correct as nomination does not make the nominee its owner. Nomination grants only holding rights and not ownership.Read article by M.V. Ruparelia

What is Will
Will is a legal declaration of the intention of a testator with respect to his property, which he desires to be carried into effect after his death. It includes codicil and every writing making a voluntary posthumous disposition of property. It is testamentary instrument by which a person makes disposition of his property to take effect after his death, and which, in its own nature, is ambulatory and revocable during his life. Thus, a Will can be changed by the executant as and when he so likes. It is a secret and confidential document which the executant is never ordered to produce. Read in detail

Making Wills
Advance directives are the best possible assurance that decisions regarding your future medical care will reflect your own wishes, in the event that you are unable to voice these wishes. For this reason, every person aged 18 or over should prepare a directive. Read More

Types of Wills:-

1. Simple will
2. Short form of Will
3. CODICIL SUBSTITUTING A TRUSTEE
4. CODICIL SUBSTITUTING A TRUSTEE APPOINTED UNDER WILL
5. FORM OF A COMPLICATED WILL
6. REVOCATION OF WILL
7. WILL BY A HINDU IN FAVOUR OF FAMILY
8. WILL BY A DISABLED PERSON
9. Will in favor of Wife
10.WILL WITH SEVERAL LEGACIES AND RELIGIOUS AND CHARITABLE

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