How to write a will

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People often believe that they need to be old to have a will. However, anyone of legal age should ideally have a will
A will is a legal declaration a person makes about the way their property is to be managed or distributed after their death. Making a will in India is reasonably simple, but not many Indians actually get down to the task. Not writing a will can create problems for your family and rifts over succession, as it did in the matter of the Ambani’s. Malini Chakravorty, an advocate and partner at Jus Novum in Kolkata, says, ‘It is not mandatory that everyone should make a will but if there are several heirs to a property it is advisable to make a will and appoint an executor so that family peace is maintained after demise of the testator.’Explaining the terms, Malini says, ‘The person who makes the will or executes it is called the testator. Disposal of the property comes into effect only after his death. The executor is the legal representative for all purposes of the testator, while the person who inherits the property under a will is called a legatee or beneficiary.’ TO READ FURTHER... Please Login, Register or Subscribe

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