Fintoo

Important points to consider while writing a Will


Listen Later

Important points to consider while writing a Will

We always care for our loved ones and wish that nothing in the world hurts them. We can be assured that they are protected if we have Will. 

Will is a legal and bonafide document that comes into effect on the unfortunate event of the death of the Testator. An executor has to  assign the assets and money to specific individuals who are later termed as legal heir. These legal heirs then become entitled to their share as  per the designated Will.

Here are some pointers which need to be considered while writing a Will

  • Appointing an executor 
  • An executor is a person who would carry out the execution of Will which will include distribution and assignment of assets as named by the testator.

    • Witnesses
    • Always remember to have 2 witnesses to the Will which will authenticate the Will.

      • Medical certificate
      • The doctor’s certificate assures that the testator had a sound mind while writing Will and will make it legally authentic.

        • All legal details of the testator
        • Will shall have all accurate and complete details of the testator like PAN, full name etc.

          • Bequeath in percentage
          • The testator can also assign the property as bequeath to any person.

            • Beneficiary and the asset assignment
            • Always mention the beneficiary name and the asset which should go to him

              • Will should be signed and dated
              • Avoid overwriting in Will to ensure its authenticity
              • 2 important suggestions 

                1. Get the Will registered 
                2. Video record the Will
                3. Contact us on - +91 9699 800 600

                  Join us on WhatsApp: https://bit.ly/Connect_on_Whatsapp

                  Follow us on Facebook: https://www.facebook.com/fintooapp/

                  Insta: https://www.instagram.com/fintoo.app/

                  LinkedIn:https://www.linkedin.com/company/13467061/

                  Twitter: https://twitter.com/FintooApp

                  Blog: https://www.fintoo.in/blog/

                  ...more
                  View all episodesView all episodes
                  Download on the App Store

                  FintooBy Fintoo


                  More shows like Fintoo

                  View all
                  Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

                  Stay Wealthy Retirement Podcast

                  600 Listeners