There are basically a lot of misunderstandings among people when it comes to the concept of a ‘Will’. Several questions come to one’s mind regarding the ‘Will’ such as who should make a Will, when it should be made, how to make a ‘Will’, whether to make a ‘Will’ at all or not etc.
It is relevant to note that you and you alone have all the freedom and every right to make plans about your wealth, property and estate. You do not require anybody’s consent or permission to do this. You should take special note of the fact that nobody can violate the rules or framework you have laid down for disposal of your wealth, property or estate. It doesn’t matter whether your property is movable or immovable, whether it lies in India or abroad. However, if we do not avail of this right, then your wealth shall be divided and distributed as per the Hindu Succession Act, 1956. However, the wealth of the persons who are Muslims, Parsis, Christians or Jews by religion is divided and distributed as per the different customs and rules set for that particular religion.
Before proceeding any further & adopting the specimen format, it is advisable that you must seek a Lawyer’s advice on this subject as the gravity of this document is quite remarkable.Important points: