What is will?
A man rules from his grave as regards to the devolution of his property after his death. A will is the intention of the person (testator) and his plans of what he wants to do with the property which he had acquired throughout his life.
The following points explain the concept of will in India.
- It is a legal declaration of the intention of the testator (the person making the will).
- The declaration is with respect to the property of the testator.
- The declaration can be effective only after the death of the testator.
- The person making the will has the power to revoke the will at any time during his lifetime.
Having a will is arguably one of the most important things you can do for yourself and your family. Not only can a will legally protect your spouse, children, and assets, it can also spell out exactly how you would like things handled after you have passed on.
While each person’s situation varies, here are the top ten reasons to have a will