Will is a legal document that spells out your wishes regarding who should get your assets and in what proportion after your death. This can be created by anyone at any stage in their life. Having a Will not only amounts to better estate planning but can also save your family from legal disputes after you have passed away.
SPECIMEN OF A WILL
I, ___________________________, son/ wife
of _________________________ , resident of ________________________ age __
years, am making this will on the __ th day of ________ _____ out of my free
volition and without any coercion or undue influence whatsoever and state that
this is my last will and that I hereby revoke all Wills and Codicils made by me
at any time heretofore. I bequeath my property, interests and other rights as
follows :-
1.I bequeath on my death to _______________________________,
my title, interests, and all other rights which I have as owner of the
residential / commercial property at _________________ I hereby state that he
shall be entitled to use and enjoy the said property at his own will after my
death.
2.I bequeath on my death the following
ornaments and jewellery belonging to me to __________ :- (give list of
ornaments)
3.I bequeath on my death, cash balance
lying with me at the time of my death to ______________.
4.I bequeath on my death, bank balance
lying in my name at Savings / Current Bank Account No. _____ Bank of ______,
_________________ Branch, ______ at the time of my death to
_______________________________.
6.I bequeath the amounts receivable by me
at the time of my death from various parties on various accounts to
____________________.
7. I bequeath the amounts and other
valuables owned by me and lying in locker number _________ in my name at
Bank_________, (Branch) at the time of my death to ___________.
8.I direct that a sum of rupees
________________ Only (Rs. _____/-) be set apart from my assets at the time of
my death and be donated to a charitable trust or persons whose aim and
objective is to provide food, medical assistance, education assistance, etc to
needy persons.
9. I direct that before distributing my
assets in accordance with this will, all my debts, liabilities and monetary
obligations including all testamentary expenses, costs, charges, expenses in
respect of probate and other legal charges at the time of my death be met out
of my assets.
10.I bequeath all other residuary property,
assets and other rights whether or not existing at the time of my death to
_______________________________.
I further state that my father, Mr
______________________ is appointed as the executor of this will.
I declare that the executor shall have all
the powers as may be necessary to execute this will.
I declare that I am the owner of the
properties mentioned in this will and am entitled to make this will. I am of
sound mind and health at the time of making this will.
In witness whereof, I have hereunto set and
subscribed my hand and signature on this __ th day of _____________.
signed
Signed by Mr _______________on his last
Will and testament, all being present at the same time. Thereafter at his
request and in his presence, we subscribed our respective names and signatures
as attesting witnesses all being also present at the same time.
Signature of Witnesses
1.I have witnessed and read the aforesaid
will.
sign
2.I have witnessed and read the aforesaid
will.
sign
3.I have examined Mr ______________ on the
date of this will and wish to state that he appears to be in of sound mind and
sound mental health at the time of making the above will.
sign
