Making a will ensures that your assets and wealth will be distributed as per your wishes and without dispute.
You are bound to accumulate quite some wealth over your lifetime. But you are secretly worried that there may be feuds among your family members about distributing your assets? How about you create a will to dispel this fear!
What is a will?
A will is a legal document that contains your wishes to execute the transfer and/or sale of your assets post your demise. It lists down your personal belongings, wealth in the form of gold, cash or investments, immovable assets like property, land, etc. The will is a testament specifying how you wish these belongings and assets to be distributed among your beneficiaries. Do note that you have the liberty to choose your beneficiaries, or not choose any at all. The will gives you the freedom to dispose of your assets and wealth the way you deem fit, and is executed by an executor appointed by you.
The contents of the will are legally binding on all parties mentioned in it. Any disputes arising out of the will may be contested in court.
Why making a will is important
Having a properly defined legal guideline about the distribution of your assets diffuses any confusion your legal heirs may have about the same. It also takes away the potential for disputes among family members, arising from this confusion. Another advantage is that it saves your assets and wealth from being claimed by multiple people, thus putting your immediate family at jeopardy.
Making a will requires a lawyer and is often a long process. However, the judiciary now admits online wills, provided they are drafted correctly. There are several online will-writing services where you can draft your will yourself, but many of them do not follow the right format that will be admissible in an Indian court of law. However, writing a will online will saves a lot of time and money for you.
This is why you should write a will online with trusted services provided by leading insurance providers like Aviva Life Insurance. The format that Aviva provides is drafted by expert lawyers. You simply have to fill in the details asked for and attest to its contents with a confirmation and signature. You can write a will online with Aviva free of cost, and get a document that stands in the court of law with its perfect drafting.
Simply follow the steps outlined on writing a will online on the Aviva website.
- List your personal assets, along with your personal details (name, date of birth, annual income, address, contact details).
- Assign your beneficiaries. List down your beneficiaries and the proportion of assets that they will get from the total. Make this list carefully; any changes will result in you having to make a fresh will later.
- Preview and generate a copy. Check its contents and consult with your spouse or a trusted friend on the same. Once you are satisfied with it, you can generate a copy of the will and hand the same to your lawyer
