Will and Estate Planning

Will and Estate Planning

What is WILL?

Will is an instrument that informs the people whom to transfer one’s property and belongings. One should write a will to reduce and avoid the misunderstandings among the legal heirs of the testator.

• Will is made for the proper distribution of your Assets including your investments

• Will takes effect only after the death of the testator.

• Will registration is not compulsory but registration is advisable

• Will if not registered, valid, but two witnesses should be signed

• Even will in a Plain paper is also valid unless it is attested by the Testator thumb impression along with two witnesses signed

• Will Helps to reduce or avoid conflicts and misunderstandings among your legal heirs

• Will can be write and modified any of times, but last will made before one’s demise will be considered as final

What is Estate Planning?

An estate plan is a process of planning for the administration and disposal of the property of the owner when he dies.

Estate planning involves making plans for the transfer of your estate after your death. Your estate is all the property that you own. It can include cash, clothes, jewelry, cars, houses, land, pensions, savings accounts, investments in stocks, mutual funds, emails, websites and mobile numbers, and so on.

Why Estate Planning?

ü Pass on your estate to your heirs

ü Avoid battles and misunderstandings among your legal heirs

ü Easy administration and disposal of your estates/properties

ü Taking care of your loved ones