Will is a document that details specific directions on who will receive your property after your death. It names a personal representatives or executor to oversee the implementation of your will. It names guardians or conservators who will care for your dependents and any property of your dependents. It can also name trustees, who will manage property you direct to be held in trust. You can also detail your wishes for the care of your pets upon your death.

After your death, your agent or executor is required to file the will with the court for possible probate. Simply put, probate just means the need to prove the authenticity of your will. Your executor is also required to pay legally enforceable claims such as debts and taxes on your estate, as well as take care of the distribution of property.

If you die intestate (without a will) the succession laws go into effect. In the absence of a Will, your assets will be disposed according to the Succession law applicable to you. I.e. The Hindu Succession Act if you are a Hindu, Buddhist, Sikh or Jain. The Indian Succession Act if you are a Christian or Parsi and the Muslim Succession Act if you are a Muslim. These Succession laws specify what proportion of assets will be passed on to stipulated family members. This disposition may not be in accordance with what your wishes may have been. A Will also prevents unnecessary family discord and disputes.

That’s why creating a will is so important — you will have peace of mind knowing your heirs will be taken care of.

A Nominee will receive the benefits from a bank a/c, insurance policy etc on the owners death. However, the nominee does not become the rightful owner unless he is the legal heir. He receives the proceeds only in capacity as a trustee for the legal heirs. The only exception is in the case of the shares of a company where the rights of the nominee to the shares override the rights of the heirs to whom the assets have been passed on.

In law, any person above the age of 18 years and of sound mind is allowed to make a Will.

Any person above the age of 18 must make a Will. In today’s world of uncertainty, it is wise to make a Will to ensure your assets will go to the people you choose and prevent any family disputes. Parents of young children can also ensure that the interests of their children are taken care of in the way they would have liked.

All the above are NOT mandatory. It is however beneficial to have the Will registered to avoid the questionability of the Will’s genuineness.

• A Will must be dated
• A Will must be signed
• A Will must express a desire that the testators (person creating the Will) wishes must be carried into effect after his death.
• There must be a disposition of property. For example, If a Hindu testator gives his wife the authority to adopt without giving anything else in his properties, it is NOT a valid Will.
• A Will must be attested by two witnesses. (It is advisable that the witness is younger than the person making the Will.)

An Executor is the person who will carry out the wishes as set out in the Will. It is his duty to disburse the assets to the beneficiaries as stated in the Will.

It is not mandatory to appoint an Executor. However, if no executor is appointed by you, the court will appoint an Executor for the Will.

No, it is not mandatory for a Witness to read the contents of the Will before signing. By signing the Will, the witness only confirms that you have signed your Will in his/her presence.

No, a beneficiary cannot be a Witness. A witness’s spouse must also not be a beneficiary in the Will.

Yes, A beneficiary in your Will can act as Executor.

Yes, a Will allows you to mention how you would like your digital life to be dealt with. A will allows you to give a person the authority to access your online accounts.

It is not enough to say that a heir should not inherit any part of the estate. That property must be Willed to someone else. If there is no other person inheriting that property then it will go the heir as per the succession law even though you have stated that it must not go to that heir.

Assets that you have forgotten to mention in the Will would be passed on to your legal heirs as per the succession law applicable to you. Or in case you have a residuary clause in your will then according to that clause.

Yes, a Will can be changed any number of times. You can change or revoke your Will by executing a new Will, revoking the earlier Will, destroying the old Will, making a codicil or by registering the new Will (if the old Will has been registered).

A Will is always revocable even though the testator may declare it irrevocable.

A will must be kept in a safe place to prevent the Will from being tampered with and also prevent any misuse of the information contained therein. It is recommended to keep the Will with a company like WillEffect offering custodian services to ensure that the Will is kept in a fire-proof and water-proof safe and confidentiality is maintained.

This will also ensure that a disgruntled beneficiary in your Will does not destroy the Will. In the event that happens, it will be deemed that you have died intestate (i.e. without a Will). Your assets will then be disposed to your legal heirs as per the applicable succession laws.

The beneficiaries must be informed about the place the Will has been kept.

A will can be cancelled/revoked by making another will. The latest Will will by default make all previous wills invalid. The Will can also be cancelled by tearing it or revoking the Will by some writing.

The testator (person making the will), 2 witnesses (need not be the same two persons as the Witnesses on the Will), the original Will and a doctors certificate stating the testator is of sound mind will be required for registering the Will. The Will has to be registered with the Registrar/sub-registrar of a Local court. A registration fee will be charged.

A Will that is made to take into effect only on a certain contingency. Its validity will depend on that contingent event occurring. For example, Mr. A executed a Will to be operative in a particular year, i.e. if he died in that year. A lived for more years after that year. The court held that it should be deemed that he died intestate, as A did not express an intention that the Will should be valid even after that year.

A Living Will is a declaration stating the persons wishes regarding the use of life prolonging medical treatments if he/she is not in a condition to communicate his/wishes to the family or medical practitioners. It does not dispose property nor is it operational after death like a Will.

It must be noted that a living Will is not legally enforceable in India. It only provides guidance to your loved ones and near of kin by stating your wishes regarding the administration of medical treatment for crippling illnesses which lead to fear of an un-meaningful life prolonged through medication and treatment which can be painful, stressful and at times very expensive without desired outcome.