A will in India is a legal document that states what will happen to your wealths
once you pass away. Thinking about drafting a will is a crucial subject. Failing
to have a will in place might lead to serious legal and administrative problems.
It can bring difficulty in dealing with your estate when you pass away. A will can
ensure that your assets are amicably distributed in the way in which you desire.
It helps in providing the best for your loved ones after you pass away
Generally, an Indian will should contain the following details: identification information
(full names and addresses) of you, two witnesses, the executor, and all beneficiaries.
It should also contain information about paying off any of your debts or taxes and
identification of all your assets. The will should set out who the beneficiaries
are, and what they are entitled to. In addition, the will should explain how any
outstanding debts will be paid. If one has minor children, the will should appoint
a Guardian to look after them. The will must be signed and dated. The will can be
in any language, and need not use formal legal terms. It is also a good idea to
register one’s will to prevent fraud or tampering. One should also update the will
whenever circumstances change.