Will Drafting and Registration
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what is a will?
A will or testament is a legal document that expresses a person’s wishes as to how their property is to be distributed after their death and as to which person is to manage the property until its final distribution. A probate is a certified copy of a will issued by the court that acts as a proof that it was the last will of the person who made it. A Will ensures that your belongings do not devolve as per the laws of inheritance but as per your wishes. Its not mandatory to register a will but is a good practice to register it at the office of sub-registrar.
Benefits of will Drafting
A will is drafted as per the wishes of the person and hence it can be distributed as per his/her liking and not according to the law. This reduces the hassles caused by lengthy civil cases incurring huge legal expenses and ensures timely settlement of property.
Willful Settlement of Property
A person gets to choose how we wants his property and belongings to be distributed giving him the satisfaction that his property and belongings will be enjoyed by his loved ones. A will eliminates application of statutory laws and devolution by statues and laws, which is normally applicable when deciding how one’s property is to be distributed.
Formation of Trust
Will is used in making trust in form of donations to institutions or charity homes to help the needy even after their demise.
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