Pranam model one attached word doc KR IRS 7222 On Sun, 6 Feb 2022 at 19:47, SRIRAMAJAYAM <[email protected]> wrote:
> Very useful & informative. > A model will would be useful to many who are waiting in the departure > lounge of the God's airport. > 🙏 > > On Sun, 6 Feb, 2022, 2:14 pm Rajaram Krishnamurthy, <[email protected]> > wrote: > >> Pranam ( I found it from 2 decades old blog in my files; for some who >> would like to know about will ) >> >> WILL Features >> >> Golden age of technology, people are no longer settling for a >> simple penning of wills. Instead, they are increasingly opting for more >> stylish options, such as video-recorded and online wills. Have a >> physical copy of the will. “This is because India does not have a central >> agency that recognises digitised signatures,” explains Rajesh Gupta, >> partner at SN Gupta &, a leading law firm. >> >> Video-recorded will >> >> In this case, the signing of the will by the testator and the >> two witnesses is recorded on a video camera. The will has to be prepared >> before the cameras start rolling; a mere recitation of the document's >> contents is not accepted. >> >> “When the execution process-where the will is duly signed by the trio >> involved-is recorded, it becomes difficult to question the >> genuineness of a will. So, getting a probate is comparatively easy,” >> says Richa Karpe, co-founder and ED, Altamount Capital. She adds, >> “Generally, the person who has been left out in the will challenges it >> on the grounds that it wasn't executed properly. If the process is >> recorded on camera, this problem won't arise.” >> >> A probate is a copy of the will that is certified by a court and can be >> granted only to the executor appointed by the will. This is >> mandatory in case there is no will or if there is a problem with the >> existing one. However, given that a will becomes inviolate after it >> is probated (that is, nobody can file a law suit against it on >> the grounds that the testator was of unsound mind), the process is highly >> recommended by experts in any case. >> >> Incidentally, Video-recorded wills are also accepted by the >> Indian courts. In October 2009, while deciding a 1985 case seeking the >> grant of a will, the Delhi High Court had ruled that video recording of >> a will is a legally admissible evidence. >> >> Succession planning firms typically charge around `5,000 to >> record the execution of a will. As wills do not require the presence of >> a lawyer, you can choose to record the process for free on your >> personal camcorder, but then you'll lose out on a key advantage of >> using professional firms, namely, safe custody of both your will >> and the video. >> >> Online will >> >> Several web portals and companies now allow you to make your >> will online. “The making of online wills is picking up as many >> people do not have the time to sit with a lawyer and discuss the >> will in detail,” says Nerlekar. Warmond Trustees & Executors, for >> instance, has introduced the InstaWILL service, where a customer >> gives instructions online and receives a customized will on e-mail >> within a week. >> >> To make an online will, you'll have to register on the website >> of the company. The portal will give you access to an application, >> which will help you draft the will. All you need to do is answer the >> questions and leave the drafting to them. An online will would cost >> you around Rs 10,000. Many websites abroad, such as the UK-based >> Q-Will and US-based legacywriter.com, also offer templates >> from which you can choose the one that suits your needs, while others >> offer a one-size-fits-all standard template. However, in India, >> this service has just picked up, so there are not many options in the >> market. >> >> Once you fill in the relevant details, the service provider >> will e-mail a draft of your will, which you need to print and sign. >> You'll subsequently have to get it attested by two witnesses. Some portals >> like warmond.co.in allow you to store a copy of the will on the Net and >> make changes without registering afresh. On the other hand, some >> portals simply allow you to upload and store a scanned copy of >> the will. This online option works best for someone who is very >> clear of how he wants to distribute his assets and does not require any >> guidance. Don't forget that you will still need to keep a physical copy of >> the will with you. >> >> Digital will >> >> Don't confuse this with the online will. A digital will isn't a >> process or an alternative to supplement the plain vanilla paper >> will. It is a special type of will that allow you to pass on your online >> ‘properties', such as your social networking account or an e-mail >> account. “Just as you make a will for your financial assets, you >> can make one for your online accounts too,” says Nerlekar. This is >> becoming increasingly important because our accounts contain a lot >> of private information about us as well as that of our friends and >> families and, hence, pose a significant threat if hacked. >> >> Most e-mail service providers and social networking companies >> have death policies that determine what will happen to your >> account on your death. For instance, Yahoo and Flickr permanently >> delete all your accounts and their contents on receiving a copy of your >> death certificate. What if you want to preserve your digital legacy? >> This is where a digital will comes in. “If you leave a digital will, >> the e-mail service provider will hand over your account details to >> the person named in the will,” says Nerlekar. >> >> Though any law firm can help you make a digital will, you don't >> necessarily need a lawyer for this process. You can also integrate >> your digital legacy with a standard will. However, take into account the >> death policy of your social networking site while drafting the will. >> >> WHAT EVERY WILL SHOULD HAVE >> >> No matter how you make your will, keep these things in mind: >> >> 1. Clearly mention the people to whom you wish to pass on your >> wealth. Don't use nicknames or incomplete names. >> >> 2. If the property is quantifiable, such as cash, mention it >> clearly. >> >> 3. Where it cannot be quantified, give a clear description of >> the property. >> >> 4. The attesting witness or his spouse should not benefit from >> the will in any way. >> >> 5. Appoint an executor for your will. He is a person who will >> see that your directions are carried out in the manner stated in your will. >> 6. Though it's not mandatory, have a probate for your will. It >> establishes the legal capacity of the person writing it >> KR IRS 6222 >> >> -- >> You received this message because you are subscribed to the Google Groups >> "iyer123" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected]. >> To view this discussion on the web visit >> https://groups.google.com/d/msgid/iyer123/CAL5XZop_GJat5SDNkX2f4%3DABGhYj7NiQE_3R-2Wbw-s%2BDvzHEw%40mail.gmail.com >> <https://groups.google.com/d/msgid/iyer123/CAL5XZop_GJat5SDNkX2f4%3DABGhYj7NiQE_3R-2Wbw-s%2BDvzHEw%40mail.gmail.com?utm_medium=email&utm_source=footer> >> . >> > -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/thatha_patty/CAL5XZooAY1ptPhWjJ8BO%2BsfcSGn_YODZuEdj%2BQtNx%3Dd1DxLOSg%40mail.gmail.com.
WILL EXEDCUTED BY.docx
Description: MS-Word 2007 document
