Hello Sir / Madam
I would like to draft a will to avoid any legal complications if any arising post my demise. While the nominee's have been registered for any insurance policy, I would like to enact a will protecting my property post my life.
Need guidance on how a will is to be prepared, verified and registered. Also, can I put in a condition in the will whereby if the beneficiary of the will decides to sell of the property, the resultant amount received can be utilized only to a certain limit in a year?
For eg. If I nominate my wife is a beneficiary in the will, if she disposes of the property post my demise (for eg. for 30 lacs), can I through the will control the amount to be spent (eg. each year she can withdraw to an maximum of 3 lacs)?
Regards
Ganesh