Here’s a WILL format for you to use.
You can make a WILL on a white paper.
Some points for your attention as you go about making the WILL.
- Clearly state all your details of the person making the Will such as Name, Age, Religion, Address etc.
- Have a declaration that the present Will is the last Will made by you and all other earlier Wills are invalid.
- Clear information about the beneficiaries and what is their relationship with you as well as what assets will be given in what proportion to which beneficiary. (You can include any and every asset including your digital identities such as Gmail, Facebook accounts, etc.)
- Have specific clauses which will make a specific beneficiary eligible or non-eligible to inherit the share of the assets and conditions, qualifications for the same.
- Mention about the Will to take effect after the death and if necessary, also mention about who will be responsible for the execution of the Will.
- Should be attested by minimum two persons as witnesses who shall put their signatures in your presence and you should sign the Will in the presence of the witnesses. Please note that the beneficiaries cannot be the witness.
In case of jointly owned assets, it is ideal to have separate wills for each of the joint owners. This eliminates the need to redo the WILL in case of a demise of any one individual.
Remember, you can revise your WILL any number of times.
Read Full note.
Registration of WILL is not compulsory. However, if you wish to register your WILL then you will need stamp paper or get your papers franked with the required stamp duty. Once you register the WILL, every time you make changes, a fresh registration will be required.
Hope that gives a good start. Happy to have your questions.
