Please click
http://economictimes.indiatimes.com/slideshows/consumer-legal/here-is-how-you-can-create-a-will-online/slideshow/52059368.cms
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Nominee ( except in case of shares and most probably , now , in Insurance policies ( please recheck ) - is only a Trustee. Real owner is as per the Will.
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While writing Will , please include these important points.
1 ) Where ever , I have made Nominations , the Nominee / s would be the sole beneficiary of that asset.
2 ) In case , any one of the legatees pre deceases( Testator ) in that case that share would not lapse but would , instead , devolve on the Legal heirs of that Legatee.
3 ) In case any asset , movable or immovable , is not mentioned here or is acquired afterwards would devolve on --------
Try to appoint one or more Executors ( whose duty is to implement the Will. Beneficiaries can be Executors.
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Blog Caution : Please Recheck All Information / Seek Expert Guidance
http://economictimes.indiatimes.com/slideshows/consumer-legal/here-is-how-you-can-create-a-will-online/slideshow/52059368.cms
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old post
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May 05, 2016
Nominee May Not Get Your money on Death- Must Make Will
Must Make Will - Nominee Only Trustee in Most Cases
Nominee ( except in case of shares and most probably , now , in Insurance policies ( please recheck ) - is only a Trustee. Real owner is as per the Will.
----------------------
While writing Will , please include these important points.
1 ) Where ever , I have made Nominations , the Nominee / s would be the sole beneficiary of that asset.
2 ) In case , any one of the legatees pre deceases( Testator ) in that case that share would not lapse but would , instead , devolve on the Legal heirs of that Legatee.
3 ) In case any asset , movable or immovable , is not mentioned here or is acquired afterwards would devolve on --------
Try to appoint one or more Executors ( whose duty is to implement the Will. Beneficiaries can be Executors.
============
How Hindu Succession Law Applies When a Person Dies Without Will?
http://ascentsolutions.in/wordpress/?p=145
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Also , please try to get Will registered ( though not mandatory ).
In our one case , the Trial Court granted Probate on a Photostat copy of an Unregistered Will.
We went in to appeal in the High Court where our Appeal was upheld
http://delhicourts.nic.in/.../Ashwani%20Kumar%20Aggarwal...
In our one case , the Trial Court granted Probate on a Photostat copy of an Unregistered Will.
We went in to appeal in the High Court where our Appeal was upheld
http://delhicourts.nic.in/.../Ashwani%20Kumar%20Aggarwal...
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Blog Caution : Please Recheck All Information / Seek Expert Guidance
This Information is really good and informative. Thanks for it.
ReplyDeleteCheck below links and get useful information.
Huhtamaki PPL