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First and Only firm in India providing End to End Solution (Planning, Drafting, Registration, Storage and Execution) for Will/Vaseeyat at reasonable prices. Experience, Specialization, Knowledge, Integrity, Security and Safety are the top priorities of vaseeyat.com
Succession or Inheritance planning is as important as planning about other aspects of life. Making a Will/Vaseeyat is the only method to fulfill the desires of a person after their death and with this one can dispose off his movable, immovable, intellectual and other properties in accordance with their own desires. Leaving no Will/Vaseeyat could leave behind a litigation for the legal heirs and the cause of litigation cannot be cured by any means.
The litigation among the legal heirs/beneficiaries will not only put financial burden on them but can also create bitterness and deteriorated relationship. The cost of preparation of Will/Vaseeyat is much cheaper option than the cost of litigations, without deterioration of relationship among the legal heirs/ beneficiaries which cannot be compensated in any manner whatsoever.
In simple words, A will also known as testament is a legal document through which a person, the testator, expresses his wish/desire the distribution of assets at death among the persons named therein and the mode how the executor to manage the estate until its final distribution.
As per Section 2(h) of Indian Succession Act, 1925 provides that Will means the legal declaration of the intention of a person with respect to his property, which he desires to take effect after his death.
Every person who major, of sound mind, having some disposable property and willing to write a Will can make will. It is necessary to ensure that the will refers to all the property of the testator.
There is no specific format for the preparation of a Will, however the following points are to be considered while drafting a will
(i) Testator should write the date, his full name, father’s name age and permanent address.
(ii) Declaration may be made that the will being written is the last Will and all the previous will, codicil, if exists are revoked. (iii) That the testator is in sound mental and physical health.
(iv) The name, address and relation of the legal heirs and other beneficiary if any.
(v) The description of all the properties in the name of the testator.
It is advisable amend the Will is by revoking the old Will and making a new Will. However, one can amend the Will through a codicil. Codicil is used for amendment or addition to the existing Will. One can use a codicil to add a new provision, amend a provision, delete a provision or revoke the existing Will. A valid codicil must contain the reference of the Will to be amended, signed, dated and witnessed like a legal will.
The legal position of nominee is only the trustee of the assets and in no way replace rights of the legal heirs. The distribution of assets will according to the desires in the will between the beneficiaries and in absence of a Will i.e. intestate, transmission of assets will be governed by succession laws.
The legal opinion is not necessary for making a will. However there is no harm in seeking a legal opinion. Sometimes the legal terminology or complexities and the nature of the assets requires legal opinion to avoid any ambiguity in the will.
Main Office 1475, 1st Floor, Najafgarh,
New Delhi -110043
E-mail info@vaseeyat.com
Phone +91-9910565758
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