Will Registration
What is will?
A will is a document that contains your direct wishes for your property and assets, as well as the care of your dependents. Failure to prepare a will typically leaves decisions about your estate in the hands of judges or state officials and may also cause family strife.
What is will deed and what are it's key features?
- Will come under the Indian Succession Act, 1925. The Section 2 (h) defines them as the legal declaration of the intention of a testator with respect to his property which he desire to be carried into effect after his death
- The will is legally effective only upon the testator’s death
- The testator may change or revoke the will in his or her lifetime
- It can be revoked with a fresh will, a written declaration, or the destruction of the will
What are the main three conditions in will deed?
- The person who creates the will must sign or affix their mark to the will.
- The signature of the person who creates the will must be placed in such a way that it appears that it was intended to make this will effective.
- To make the underprivileged will a privileged will, it must be attested by two or more witnesses.
What is the validity of a registered will?
The Will shall come into force only after the death of the testator hence the transfer can legally take place only after the death of the testator and not before death.