Will

Updated at:March 2010
 
FREE EXCERPT

I, _____________________________________, Hindu / Muslim / Parsi / Christian / Jew, aged __________ years, residing at _____________________________________________________________.

do hereby revoke all former Wills, Codicils and Testamentary Dispositions and I declare this Will to be my last Will and Testament.

I am maintaining good health and am of sound mind. This Will is made by me of my own independent decision and free mind and volition and in sound health. I have not been coerced or influenced by any person whatsoever in the execution of this Will.

  1. I hereby appoint the following persons as Executors and Trustees of this my Will:

    (i)

    (ii)

    (iii)

    (iv)

    It shall be open to them to appoint one or more executors and trustees in their sole discretion.

  2. I hereby direct that the said Executors and Trustees shall pay my Income-tax, Wealth-tax, just debts and other liabilities, if any, from out of the property which I may leave after my death and the balance of my property shall be collected and dealt with in the manner specified hereinabove. Probate duty shall be paid by the legatees proportionately in accordance with the Legacies receival.

  3. My family consists of:

    a) Name:

    Relationship:

    b) Name:

    Relationship:

    c) Name:

    Relationship:

    d) Name:

    Relationship:

  4. I own and possess and am absolutely entitled to the following immovable property / properties:

    i)

    ii)

    iii)

    iv)

    I hereby bequeath the said immovable property / properties as follows:

    i)_______________ to _______________

    ii) _____________ to _______________

    iii)_____________ to _______________

    iv)______________ to _______________

    5) I am seized and possessed of various movable assets, a brief list whereof is given below:

    i)_______________

    ii)______________

    iii)____________

    iv) Household utensils, furnitures, antiques etc.

    v) Jewelry valued at Rs____________.

    vi)Cash in savingsA/C no._____________ with _________ Bank, ___________ branch

    vii) A sum of Rs__________ in PPF A/C no.__________ with __________ bank etc.

    The present aggregate value of my movable assets is approximately Rs.____________

    6) I am desirous of creating a trust for the benefit of my wife, Mrs_________ and my daughter Ms__________.

    7) I hereby bequeath a sum of Rs___________ to be held by the executors and trustees of my will to be held in trust for my wife and my said daughter.

    8) The Trustees for the time being of the aforesaid trust shall be entitled to co-opt one or more Trustees in their absolute discretion and to...

To continue reading

REQUEST YOUR TRIAL