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1. Beneficiary Information
2. Asset Information
3. Debt Information
4. Contact Information for your Executor and Guardian
It is a testamentary document by which a person bequeaths his property to be effective after his death. After the death of the testator, the property will devolve on the person in whose favour the will has been created.
• Any person above the age of 18 years and of sound mind may execute a will, but if caused by fraud, undue influence or misrepresentation is not valid. Therefore, the will must be executed voluntarily. • Parents or guardians cannot execute will on behalf of minors or lunatics. • It must be attested by at least 2 witnesses. • Scribe (Deed writer/ Advocate) cannot be called as a witness. Two independent witnesses are necessary other than scribe. • Beneficiary under a will should not sign as attesting witness. In order to avoid any dispute regarding implementation of a will, the description of the property along with the beneficiary must be clearly written.
It is not compulsory to register a will. Executants may register at their option. But it is better to register a will because if the original is lost, certified copy of that can be obtained from the Office of Sub-Registrar.
There is no time-limit to register a will. Executants may register at any time.
Yes, a will can be cancelled at any time during the life-time of the testator.
If a person dies without preparing a will, the state’s laws of intestate succession govern inheritance rights. Typically, the spouse and children are the first in line to inherit the property. But if a person does not have a spouse and children, then close relatives like parents, siblings or grandparents will inherit the property.
Yes, the claiming party have to produce will, records relating to the death of the testator, witnesses and scribe before the Sub-Registrar. If he is satisfied about the truth and genuineness of the documents presented before him, he will register the will.
There is no Stamp duty; but for registration of will, Rs. 100/- is prescribed.