How do we account for the near low level of awareness on Making of WILLs amonst adults / senior citizens in our country? And what are the proactive measures by which the need for such awareness and knowledge be met?
Madu
V.Mahadevan (advocate) 16 September 2012
How do we account for the near low level of awareness on Making of WILLs amonst adults / senior citizens in our country? And what are the proactive measures by which the need for such awareness and knowledge be met?
Madu
S Jadhav 98336 98330 (Jadhav & Associates) 17 September 2012
It is normal human nature to not think of death. And in India, people have just recently started thinking of planning for after death in terms of insurance and even for future just as health, etc. To think that they would prepare wills on there own is unlikely in the near future but as awareness increases people will start making wills.
Also, for many assets such as a house or a demat account, nomination facility is available which reduces the need for writing a will. But it will increase in future.
S Jadhav