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how to write a will

Preparing a Will — A Step-By-Step Guide

April 4, 2023
in Explained, Markets
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Writing a will is an important step in planning for the distribution of your assets after your death. It allows you to decide who will inherit your property, and can help to avoid conflicts among your loved ones. Here is a step-by-step guide on how to write a will legally in India:

  1. Determine your assets: The first step in preparing a will in India is to determine your assets. This includes making a list of all your real estate, personal property, bank accounts, and investments. It’s important to be as thorough as possible, as your will should cover all of your assets.
  2. Choose your beneficiaries: Decide who you want to inherit your assets. This can include family members, friends, or charitable organizations.
  3. Appoint an executor: Choose someone you trust to manage the distribution of your assets according to your wishes. This person is known as the executor of your will.
  4. Write your will: Once you have determined your assets and chosen your executor and beneficiaries, you can write your will. You can use a legal form or hire an attorney to draft your will. Your will should include your name and address, the names and addresses of your executor and beneficiaries, a statement revoking any prior wills or testamentary dispositions, and a detailed list of your assets and how you want them distributed. You can also include any specific bequests, such as gifts of personal property or specific amounts of money.There are several ways to write a will in India. You can either write it by hand (this is known as a holographic will) or have it prepared by a lawyer (this is known as a formal will). If you choose to write it by hand, be sure to date and sign the document in the presence of two witnesses. If you have a formal will, it must be signed in the presence of at least two witnesses, who must also sign the will in your presence.
  5. Store your will safely: Keep your will in a safe place, such as a safety deposit box or with a trusted friend or relative. It is also a good idea to let your executor and beneficiaries know where the will is stored.

It is important to note that certain requirements must be met in order for a will to be considered valid in India. For example, the testator (the person making the will) must be at least 18 years old and of sound mind at the time the will is made. Additionally, the will must be made voluntarily and without undue influence.

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If you have any questions about the process of writing a will in India, it is advisable to consult with a lawyer who is familiar with the laws in your state.

Tags: step-by-step guidewill

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