Regarding will
Amit
(Querist) 06 March 2013
This query is : Resolved
I am currently 41 years and wish to make a will.
1) Can I include my retirement benefits like Provident Fund, Gratuity, etc. in my will although this is not available with me as of now, but will be paid by my company on my retirment or death (if it occurs earlier).
2) Is it always necessary to give a reason justifying the share of each beneficiary in the will? Will this help in probate of the will if challenged?
arunprakaash.m.
(Expert) 06 March 2013
Dear,
You can bequeath present as well as future property to anybody and no reason to be mentioned for such beqeath. Your intention to bequeath should be in clear terms while interpreting the will or in the proceedings of the Probate/Letters of Adminstration
ajay sethi
(Expert) 06 March 2013
get it drafted by a lawyer .you can bequeath all your moveable and immovable property by will . mention resaons for giivng bequest . have will attested by 2 witnesses .
if you apprehend will would be challenged get it regsitered .
Rajeev Kumar
(Expert) 06 March 2013
Get it drafted by a versed local lawyes. You can bequeath all your moveable and immovable property to anyone whom you want to bequeath with the valid reason to bequeath and the will must be attested by two witness.
V R SHROFF
(Expert) 06 March 2013
NO: your retirement benefits
If P.F., Pensions, Ancestral Property, it CAN GO TO YOUR FAMILY MEMBERS ONLY.
U have to follow Rules of PF Funds etc,
Only self acquired property can be bequeath,
Contact your Company Personnel/ Welfare Officer, He will guide you well. , who can be nominees, and who cannot be.
Executing WILL do not change beneficiaries.
