Often people ask the question that when India has success lodge (succession law), then why is it necessary to make a will. It is true that India has succession law. It states that after the death of a person, how will his property be divided. There are many personal lodges in India according to religion. If a person dies, then the method of sharing his support will depend on what the religion of that person was. In Hindu law, sons and daughters have equal rights in father’s property.
Neha Pathak of Motilal Oswal Private Wealth said, “It is clearly stated in the success lodge in India that if the person has not told the will before the death, then it will be distributed to which people will be distributed. Despite this it is very important to make a will.” He said that the property is divided according to the wish of the person. Actually, in many cases the property sharing is not good according to the success lodge.
The reader explained it with the help of an example, “Suppose a person dies and legally his property is to be divided into four people. But, before the death, the person did not want so. If the person does not want his property to be distributed equally to his four sons, he can tell about it in a will.” He told that through the will, a person can give his property to those whom he wants to give. If he wants, he can donate to an institution instead of giving his support family members.
Creating a will is not a difficult task. However, it has a special process. A will is considered valid only when it is signed by a person who is a will. After that it is necessary to be at least two people attested. These witnesses can be relatives or non-relatives but should not be Beneficiary.
The will can be resolved or kept safe in the house. Finally, an exhibitor is necessary. His job is to get the executive done that the property will be divided according to the will. This person can be a member or non-member of the family or may also be beneficial.