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A will is a document whereby a person expresses his desire as to the disposal of
his properties
after his death. It
means the legal declaration of the intention of a testator with respect to his
property which he
desires to be carried
into effect after his death.
A will is the only way you can ensure how and in what proportion you want your
assets to be
distributed to the
beneficiaries after you.
A will can also be used to appoint a guardian to look after children until they
can look after
themselves.
A will also allows you to choose a person to manage the distribution of your
assets. This person is
called an executor.
If you don't have a will, your assets are distributed by a court-appointed person
called an
administrator
Eliminate the hassles of the law having to distribute your assets to legal heirs
if you die
intestate (without leaving a
will behind)
If one was not aware of death and the risks attached to it, then Insurance
wouldn’t have existed.
Insurance is must, so
is Will
Although nomination can take care of handing over your assets to your desired
beneficiary/ies, it
is advisable to write
a will in order to make a comprehensive note of all your assets and allocation of
them to the
beneficiaries at one
place. It reduces the hassle of paper work for your loved ones and avoids the
instance of any
future dispute over your
assets.
If one does not make a will, then his/her estate will be distributed only amongst
the close family
members as per the
law. In this process, the undeserving family members may get the share in your
estate, leaving the
real deserving/needy
family members or friends without any share.
Yes, you still need a wILL. As per succession laws, where a person dies intestate
i.e without
leaving a will behind, his
assets are distributed as per the applicable succession law that in turn depends
on his religion,
as a result of which
several relatives in addition to the spouse may also end up acquiring a share in
the property. For
instance, if a man is
survived by his wife and parents they all will share his property equally.
Unless a will is signed it is not a legally valid document. A Will which is not
signed is as good
as no will at all.
Onlinewill is designed to cater the requirements of Indian citizens, Persons of
Indian origin, Non-
resident Individuals
(Non-resident Indians and Non-resident others). However for person residing
outside India the will
document has to be
attested at the respective Consulate General of India.
It is not mandatory to print your will on a ‘stamp paper’ but to make you will
more authentic you
can use ‘ledger paper’
and get it registered.
A Beneficiary is a person or entity named in the will as the inheritor of assets / property when the estate / property owner(testator / testetrix) is no more.
All your beloved ones which may include your wife, children, grandchildren, friends , relatives or any institution like School/s, Temple/s, Community Trust/s, Charitable Trust/s, etc. who you wish to pass on your assets to can be included as the beneficiary/ies to your will.
You can exclude your immediate family members from being the beneficiary/ies in all your self- acquired assets. However, in case of inherited asset/s there are different laws.
It is better if the Witnesses/ Executors are not beneficiaries or are not related closely to any beneficiary of the will.
Anyone other than the beneficiary/ies can be appointed as an Executor/s to your will. You may also appoint “Terentia Consultants Pvt Ltd” as an Executor to your will as we are a neutral third party corporate body.
Ideally there should be one main executor and the second one as a backup which can be “Onlinewill”.
Yes, OnlineWILL is in the business of advisory and drafting of wills along with the Executorship of the same.
You cannot transfer property on the name of a minor hence it is important to appoint a guardian.
A guardian is someone who you can trust (should be above 18 years of age) and is capable of taking care of the Minor/s i.e. A Family member, relative or a close friend. You can also appoint more than one guardian.
Once we send you your will draft, you can send us a mail in case you need to make any changes in your will draft. We will make the changes and send you the Final draft. Please note that we would be able to make change in your will draft depending upon the terms agreed. If you want to make any further changes, we can do the same for you for which you would have to pay us the fees as applicable.
No. Once we send you your will draft, you can send us a mail in case you need to make any changes in your will draft. We will make the changes and send you the Final draft. Please note that we would be able to make change in your will draft depending upon the terms agreed. If you want to make any further changes, we can do the same for you for which you would have to pay us the fees as applicable.
ADuring the one’s lifetime he/she can modifythe earlier will by making suitable Codicils to record such changes and the same can be registered.
Registration of a will is not mandatory. However to make your will more authentic document it is advisable to register your will at the Sub Registrar office.
You should make sure that you keep it in a safe and secure place. Although you can keep it at home, it's better if it is placed in safe custody of the TERENTIA CONSULTANTS PRIVATE LIMITED who is the parent company of Onlinewill.
Yes. The “payment gateway” provided by us is one of the most secure payment mode and it is very well tested. At no time do we have access to or store your credit/debit card details. These details are only used by our third party payment gateway provider ICICI Bank to process your payment using their own secure encrypted and digitally-signed protocol.
On the successful completion of the payment transaction, you get an email on your registered Id with the Customer Relationship Number for all your future queries.
Yes. Onlinewill uses advanced technology and encryption to ensure that your personal data is secure. Once your data has safely arrived on our server, it is encrypted and stored in electronic form only.
In order to maintain the total safety and confidentiality of your personal data, it is stored in the encrypted form on our servers and is not accessible to anyone apart from you. Please read our “Security and Privacy policy” for further details.
