How to create the will of property in India
A will has several parts, which combine to form a complete Will. Most of them do not have any legitimate layout, except for some templates. We usually make use of these templates. These templates are simple, logical, and derive from common sense.
Let us come across the entire format and some essential points while creating a will.
Step 1: Declaration in the baseline:
In the earliest paragraph, you have to assert that you are forming this will in full senses and free from all kinds of pressure.
While writing the will, you must mention your basic details such as name, address, etc. These details will confirm that you are writing the will in your senses.
Step 2: Attributes of Property and Documents:
The following step is to provide a list of items and their estimated values, such as a house, plot, fixed deposits, mutual funds, etc. Include all assets that you possess.
Mention where you keep all the documents stored. Most possibly, these are in your bank safe deposit box. It is the right place for important documents.
Assure that you hold all the details from the bank executive about the procedure of releasing the will after your death. Make sure you convey it to the chosen attorney or your family members.
Step 3: Details of Authority:
At the end of the will, you should mention your nominees who own your assets after you have gone. You can give your assets to a minor but make sure there is a trusty custodian of that minor. Mention the name of the executor as well.
Step 4: Signing the will:
At the end of all the above three steps, we can conclude that you have completed writing your will. Now you have to sign it very carefully in the presence of a minimum of two witnesses. These witnesses will have to sign the will after you have signed it. Their signatures will certify that you have given your signature in the will in their presence. The date and place of signature of the will should be there at the bottom of it.
If you know about the registration of a will. Do read COST OF REGISTRATION OF A WILL IN INDIA
Final Words from Hemant K Midha
The signature of you and your witnesses should be there on every page of the will.
Choose friends, colleagues, or neighbors as witnesses. Do not select any beneficiary as the witness.
Keep the will in an envelope and seal it after completing all the formalities. Sign on the envelope and put the date on it.
From Hemant K Midha