There is no perfect time for making a Will, so plan it early, possibly from the start of your career, as life is uncertain.
A Will's evidentiary value increases after registration, allowing the beneficiary to enforce the testator's intent through their will.
Ensure fair distribution of assets among family members to avoid disputes.
The Will should address post-death circumstances, ensuring it remains effective when the person is no more.
Estate planning offers various legal tools like a Will, nominations, gifts and trusts.
It is a written authorisation, also called a letter of attorney, to act on behalf of a person in private, business, and legal matters.
You can revise a Will any number of times; the latest revision will replace the previous one.
Ensure you follow all the legal requirements for your chosen estate planning option.
Compiled By Himani Verma