Will
Querist :
Anonymous
(Querist) 12 December 2011
This query is : Resolved
Husband wishes to make a will as given below, kindly confirm the legallity and procedure for execution:
1. If his wife survive after his death, then the will should be read to all beneficiaries but the same will not be executed immediately. The same has to be executed only on death of his wife.
2. Till such time his wife is alive she will occupy the house and do the expenses as required by her.
My query is:
1. Whether such type of will can be made and whether it would be legally correct.
2. She is the joint holder of all the bank accounts and investments, so she can operate the accounts. But as she is not literate enough what precautions should be taken so that she is not influenced by any of the beneficiaries.
please advice....
Sailesh Kumar Shah
(Expert) 12 December 2011
yes, Such desired WILL could be executed, there is no legal hurdle. you should hire local lawyer, who is specialist in this field.
Sankaranarayanan
(Expert) 12 December 2011
Well advise given by mr shah. seek local lawyer and do the same
ajay sethi
(Expert) 12 December 2011
wife is being given a life interest in the house . on her death the property shall be bequeathed to the beneficiaries . it is valid .
the will should mention that in respect of all bank accounts , investments the amount lying in bank accounts shall devolve on wife absolutely .
if will does not contain such a provision the other legal heirs will also claim money lying in those accounts .
the testator while he is still alive should educate his wife about investment decisions , how to operate bank accounts , how to withdraw money from ATM .
Shonee Kapoor
(Expert) 12 December 2011
Right, local advocate can frame better.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
