Will nri rbi issue

pramod (Querist) 23 December 2015 This query is : Resolved
Can an Indian husband and wife jointly prepare a Will in order to Will away their properties to their children? All family members are having NRI status, Will need to be registered in Mumbai. Properties situated Mumbai and Kolapur. Mumbai address is shown as proof of address for registration of Will.

Hence is it any way bye pass RBI and NRI provisions? Religion is Hindu.

Kindly provide valuable suggestions

Thanks to all.

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A. A. JOSE (Expert) 23 December 2015
Further details such as how the property was acquired, whether you both are residing in India,etc., factual facts need be stated please.

Rajendra K Goyal (Expert) 23 December 2015
Will need not be registered.

Why you want to have joint will?

What provisions of RBI and NRI has to be bye-passed?

However, it is advisable not to overlook / bye-pass any RBI or NRI guidelines.

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