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WILL DRAFTING SERVICES OVERVIEW IN KODERMA
A Will has the following important characteristics: The will can only take effect after the death of the testator. A Will is a form of a legal declaration of such intention. The declaration must involve the manner of disposal of property. The Will can be revoked or altered during the lifetime of the testator As per the Indian Succession Act, 1925, the person making the Will must be of:- Age Sound mind Moreover, Section 59 states that an individual ordinarily of unsound mind may make a Will during the interval of the soundness of his/her mind. The section prohibits an individual from making a Will during the state of intoxication or illness which makes him/her incapable of understanding the consequences of the act. Details to be included in a will are:- Details of the testator - The name, age, address, and other details shall help in identifying who is making the will and when it is being drawn. Declaration - It is very important that the testator declares that he/she is of sound mind and free of any coercion while drawing the will. Details of the beneficiary- The details of who shall be benefiting out of this will and to whom the assets shall be divided should be given. The details to be included are their name, age, address, and relation to the testator. The executor of the will - It is very important to appoint an executor who would ensure that the will is carried out according to the directions provided by the testator. The name, age, address, and relation to the testator should be specified as well. Details of property and assets - It is pertinent to list out all the details of the assets and properties that a testator has and shall be covered in the will. He/she can also list out any other specific assets present. Division of share- The share that each beneficiary has on the property or the specifics of who shall get what is to be listed in full detail. If the asset is to be given to a minor, then a custodian for the minor should also be listed in the will. Specific Directions - The testator should give directions in terms of executing the Will and should specify if there are any instructions. Witness - There should be a signature by the testator in the presence of at least 2 witnesses. The witnesses do not need to know the details of the will; they just have to verify that the signature by the testator was done before them. Signature - The testator should sign with the date on the will after the last statement. Is registration of a Will mandatory? The Registration Act, 1908 provides a list of documents for which registration is optional. Wills are covered under clause (e) of section 18 of the Registration Act, 1908. Thus, Registration of a Will is not compulsory and depends on the choice of the testator. Typically, the testator will have to visit the office of the sub-registrar of the area for registration of his / her Will. The personal appearance of the testator before a government official with the original Will adds to the reliability and trustworthiness of the Will. A registered will provide strong legal evidence against challenges about the mental capacity of the testator to make a Will (whether due to illness or due to influence of alcohol or medication etc.). Importance of registration of will - Registration reduces the chances that the Will may be challenged as being a forgery. However, other challenges to a Will as being signed under the undue influence are still open. The other advantage of registration is that the Will is in safekeeping at the office of the Registrar. The Will may only be withdrawn from the Registrar by the testator or his agent during his lifetime. On the testator’s death, the Registrar may permit an applicant to take a copy of the Will. However, the original Will is still kept in the deposit with the Registrar. This ensures that the Will does not tamper with subsequent to the testator’s death. In the case of a registered Will, all subsequent Codicils should also be registered. Any non-registered alterations, modifications, explanations, or deletions are not accepted by courts.What is Will?
A Will may be a legal declaration of an individual on a document regarding the distribution of his assets after his death. It is a unilateral document that takes effect upon the death of an individual allowing you to form an informed decision on how your wealth, property, and assets will be distributed on your death.Will maybe a legal instrument but there's no prescribed format of it as it is often handwritten or typed on any document and not the stamp paper. A Will could also be revoked or altered by the owner at any time before his/ her death.Essentials of a valid Will:-
Who can make a Will?
What should be included in a will?
Steps To Obtain a Will IN KODERMA
- Preparation of the document
- Registration of the Will
- Payment of Fees
- Arranging for the witnesses
- Collection of the Will
The will shall be drafted/prepared by a lawyer / legal expert based on the client’s unequivocal and distinct intention. The drafted will shall then be submitted to the client for approval.
Once approved, a date will then be fixed for the Will registration in the Sub Registrar office.
The person will then be required to pay the government registration fees.
The testator and 2 witnesses will then visit the sub-registrar office on the fixed day for registration.
Once signed by the person and the 2 witnesses, the registered will shall be collected after a week and delivered to the client.
Estimate Time REQUIRED FOR WILL DRAFTING
The procedure of issuance of Will shall take between 7-8 days. *Any additional work required by the advocate before/after drafting the will and its subsequent registration shall be charged to the client.
Documents Required for WILL DRAFTING ONLINE IN KODERMA
No specific documentation is required to draft a will. A mere unequivocal and clear intention to devolve one’s property is needed.
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Rhishabh Kumar
Thankyou Adv. Jai Dixit to help me for drafting my will. Thank you Lawtendo
Abhishek Shukla
Great team with the best property lawyers the best thing is the case manager of Lawtendo which provides an update for every step of the case.
Sumit Soni
I was confused to divide my property as per my wish. While surfing through the internet, I found Lawtendo. I got connected with a consultant named Nikita. Thanks to her and Lawtendo for suggesting a lawyer for will drafting. It was done wonderfully well and very smooth process.
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FAQ
Probate of will is issued by the court to analyze the authenticity of the will. As per the law, every unregistered will must go through probate before execution. Thus it is advisable to register your will.
Though not compulsory, it is advisable to avail the services of a trained and professional lawyer/legal profession so that you are assured of drafting a clear and unequivocal will.
No registration of will is not mandatory, however, a registered will provides more safety and legal benefits when compared to a non-registered will.
Joint accounts, joint tenancy property, Pension benefits, Life insurance, Business partnership, and anything you don’t own.
Property or assets owned by the testator
Deciding between a will or a trust is a personal choice, and some experts recommend having both. A will is typically less expensive and easier to set up than a trust, an expensive and often complex legal document. Whereas, A trust will streamline the process of transferring an estate after you die while avoiding a lengthy and potentially costly period of probate.
In many respects, a living trust and a will accomplish similar objectives. A trust, however, allows you to realize other objectives that a will cannot. But those advantages don't come without a price. Whether or not a living trust is better for you than a will depends on whether the additional advantages are worth the cost. When choosing, remember that one size does not fit all. What is right for one person may not be right for everyone. Your estate plan should be prepared in a way that best meets the needs of you and your family.
The main con with a trust is its price. Trusts are usually a bit expensive to establish and maintain.
Yes, this is because trust will spare your loved ones from the probate process when you pass away. they’ll be responsible for finding attorneys in each state and spending time going back and forth to court dates too. When you set up a trust, however, you will work with an attorney during an estate planning meeting and all of this will be handled before you leave your family. However, whether it will be beneficial for you or not will depend on facts and circumstances as well.
All Wills can be revoked, either impliedly or expressly, either by conduct or by a specific document. By conduct, the Will can be presented to be revoked by the testator. For e.g. - A testator can give his property by Will to a person, but he may dispose of the said property even during his lifetime. This is called implied revocation. Suppose, the testator makes a bequest of vacant land in his Will, but subsequently the testator himself constructs a dwelling house therein, in such circumstance, the Will can be deemed to have been expressly revoked by the testator.
If the testator has made any Will or Wills in the past, then it should be mentioned in his that all previous Wills are revoked and the Will being made is a comprehensive document. A statement declaring that all previous Wills are revoked is sufficient to revoke previous Wills.
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