PREPARE WILL YOURSELF

A lawyers's assistance is not required when preparing a will. Most people can create a simple will by using intelligent software and updating their financial data in a diligent manner

STAMP PAPER

It is not compulsory that will need to be executed on stamp paper for registering your Will.

PROPERTY CLAIM

Legally a nomination is just a facility to claim property by a nominee in the event of death of owner and nominee will only act as Trustee for temporary period till legal heir is established as per the Will or as per the Succession Act, thereafter nominee has to handover those properties to their legal heirs.

CHANGE WILL

A Will can always be revised or revoked by creating a new will or by adding an addition called a codicil.

GIFT AND WILL

A Will and Gift Deed are not same. These two documents are entirely different. If a will is made by a testator, the property doesn’t immediately pass on to the hands of the beneficiary. It will devolve only at the time of the death of the testator. In a gift deed, the donee can receive it in the donor’s lifetime.

REGISTRATION OF WILL

In India, the registration of Wills is not compulsory even if it relates to immoveable property. The registration of a document provides evidence that the proper parties had appeared before the registering officers and the latter had attested the same after ascertaining their identity. Notarisation or Registration of Will is Not Mandatory

JOINT PROPERTIES

Will needs to be executed for Joint Properties as well for the Share in the joint property. It does not naturally pass to the joint owner.