What is a last will in India? A will in India is a legal document that states what will happen to your property once you pass away. Thinking about drafting a will is not the most enjoyable subject. However, it is a crucial one. Without a will, there can be serious legal and administrative problems […]
Once you have chosen an executor for your estate, the next step in preparing a will in India is to choose your beneficiaries and decide who gets what. While this may seem like a simple thing to do, there are several considerations you must take into account. Your first consideration in choosing beneficiaries is to […]
Your will take effect upon your death. An Indian will is a static document, but it can be changes over time as the circumstances in your life and your family change. There is a document known as a “codicil.” A codicil in India is an addition to your will. The document basically states what items […]
There are two kinds of assets: tangible and intangible. Tangible assets are assets you can see, such as a car or jewellery. Intangible assets are assets that you can’t see, such as bank accounts. Both tangible and intangible assets must be distributed in your will in India. If you fail to distribute them, then the […]
Who will handle your affairs once you have passed away? The person who does this is known as an executor, and you appoint an executor in your will in India. Choosing an executor is one of the first things you need to do before writing a will. You need to be very careful in your […]