A will or testament is a legal document by which a person, the testator, expresses their wishes as to how their property is to be distributed after his/her death, and names one or more persons, the executor, to manage the estate until its final distribution. Will is not compulsory but it is an important document so that there will be no dispute between the legal heirs for distribution of property.
Any Investments, movable or immovable property can be added in will. Movable asserts includes Property. Immovable Asserts includes Cash, Gold ornaments, Car, etc. Investments includes Fixed Deposits, Shares, LIC, etc.
Drafting a Will is very important part. At the time of Drafting of Will, Testator is in hurry and do not ever read the draft properly. Testator is the person who is writing a will of his/her property. As per the Indian Law on Wills, Testator can write the will on plain paper also. In India, registration of will is not compulsory. That is why the draft of will play an important role in such cases. You can assume that how important is that piece of paper is which is not notarized or registered and still valid. and that piece of paper will deiced the future of crores of immovable property. Each and every word of that will is so important which decide that how the beneficiary objects and fight for the property. One should keep in mind to always right what share of property is given to whom and also the reasons for the same. If Testator is not writing any share of property to some particular person, he/she should mention the reason. It is not a law but a good practice. I would always suggest you to take a help of an professional Advocate.
1. Transfer of Property Act, 1882.
2. Hindu Succession Act,1956.
3. Mohammedan Law .
4. Income Tax Act.
5. Contract Act.
Will can be revoked and can be written again. As per the Indian Law, Last will of a testator is valid and all the properties and investments are distributes as per the Last Will.
1. Photograph
2. Property Papers
3. Aadhar Card
4. Draft of the WILL
5. Stamp Duty
6. Medical Certificate