Why Should One Write A Will?

By Author: Pardhi
Total Articles: 193
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When you think of distributing your property, then you will have to make necessary arrangements. The moment you realize that your property or properties, assets and wealth have to be passed on, that is when you have to write a will. The best part of creating a will is you do not leave any room for succession disputes
Here are few things that you should know when you think to write a will:
1. When it comes to the natural succession laws especially when it comes to ancestral wealth, on cannot pass the entire property to the person or people of his choice. However, he or she can allocate a share of his wealth while the rightful portion goes to the legal heirs.
2. You will have to write a will when you think of giving any portion of your assets to people other than your legal or natural heirs. The law demands you to give the reason so that it will not be contested by your natural or legal heirs.
3. There must be a strong reason for passing on your hard earned wealth to a person other than your natural heir, to protect the rights of your heir as well as the nominated recipient; you should give clear reasons ...
... of passing the wealth. This will avoid any objections that the legal heirs can come up with.
4. If you think that is there a specific age to write a will, then there is no specific age. You have to be more than 18 years of age. When you have a huge estate and ample assets, it is best to have a will. Besides, there is codicil that you can access if ever you think of making changes in the will. The early you have the will ready, the lesser are chances of creating confusion or conflicts once you pass away.
5. You need to be in sound mind frame when you think of writing a will. There have been ample cases in the court about challenged wills on the grounds that the heirs found the will was drafted under influence or coercion.
If you think that the legalities are too confusing, you can have a professional hired. There is an online service named Will Effect that assists in drafting online wills. You can think of giving it a try and understand the process. In any way, be it documenting or online registering, you should have a sound will ready.
WillEffect offers the best online will writing services in India. Contact our Will Experts to know more about Writing a Will, Safekeeping, Inheritance and a lot more.