Will Making & Estate Planning
Property Resolve provides compassionate and precise Will drafting services in Pune and across Maharashtra, ensuring your assets are distributed exactly as you intend, protecting your loved ones and your legacy.
What is a Will?
A Will (or Testament) is a legal document that expresses a person’s (the Testator’s) wishes as to how their property (assets) is to be distributed after their death. It also appoints one or more persons (the Executor(s)) to manage the estate until its final distribution.
In India, Wills are governed by the Indian Succession Act, 1925. For Hindus, Jains, Sikhs, and Buddhists, this Act primarily applies to the execution of Wills. For Muslims, inheritance is governed by Muslim Personal Law.
Creating a Will is one of the most fundamental steps in estate planning, ensuring your wishes are legally honored and preventing potential disputes among beneficiaries.
Why is a Well-Drafted Will Crucial?
Without a valid Will, your assets will be distributed according to the laws of intestate succession, which might not align with your actual wishes. A carefully prepared Will ensures:
01
Your Wishes are Respected
You decide who inherits your assets (movable and immovable property, bank accounts, investments, etc.) and in what proportion.
02
Protection for Loved Ones
You can make specific provisions for family members, including minors, dependents with special needs, or even charitable organizations.
03
Appoint an Executor
You choose a trustworthy person to manage your estate, relieving your family of administrative burdens during a difficult time.
04
Appoint Guardians
If you have minor children, you can name guardians for them.
05
Avoid Disputes
A clear Will minimizes the chances of family disagreements and lengthy legal battles over inheritance.
06
Faster Probate (if applicable)
A clear Will minimizes the chances of family disagreements and lengthy legal battles over inheritance.
Key Elements of a Comprehensive Will
A legally sound Will drafted by Property Resolve typically includes
Testator's Details
Full name, address, and declaration of sound mind.
Executor(s) Appointment
Names, addresses, and relationship of the person(s) who will manage the estate.
Beneficiary Details
Clear identification of all beneficiaries and their relationship to the Testator.
Specific Bequests
Detailed instructions on who inherits specific assets (e.g., a particular property, jewelry, car).
Residuary Clause
Directions for distributing any remaining assets not specifically mentioned.
Guardianship Clause
If applicable, naming guardians for minor children.
Debts and Liabilities
Instructions on how debts and funeral expenses are to be paid.
Witness Attestation
Signatures of at least two witnesses, who must be present when the Testator signs the Will, and who sign in the Testator's presence and in each other's presence.
Revocation Clause
A statement revoking all previous Wills.
Date and Signature
The Testator's signature and the date of execution.
Property Resolve's Will Drafting Services
Our compassionate and expert team at Property Resolve guides you through the entire process of creating your Will, ensuring it is legally sound and reflects your true intentions:
- Confidential Consultation: We listen carefully to your wishes, understand your asset portfolio, and identify your beneficiaries and their specific needs.
- Asset Inventory Guidance: We assist you in compiling a comprehensive list of all your assets (movable and immovable) and liabilities.
- Bespoke Will Drafting: Our legal experts draft a personalized Will that accurately reflects your distribution wishes, includes all necessary clauses, and adheres to the Indian Succession Act, 1925.
- Executor & Guardian Guidance: We advise on the roles and responsibilities of Executors and Guardians, helping you choose the right individuals.
- Witnessing Guidance: We provide clear instructions on the proper procedure for signing and witnessing the Will to ensure its legal validity. While registration of a Will is optional, we can advise on its benefits and the process.
- Review and Revision: We provide you with a draft for your thorough review and make any necessary amendments until you are completely satisfied.
- Safe Custody Advice: We can advise on options for the safe keeping of your original Will.
Why Choose Property Resolve for Your Will?
Take control of your legacy. Protect your loved ones' future.
Contact Property Resolve today for expert Will drafting services.