Got questions about creating a registered Will? In this article, help you understand what documents you need and how you can create a registered Will in India. So, grab a cup of tea, sit back, and let's get started!
Registered Will: What Is It?
Before we delve into the documents required, let's quickly understand what a registered Will is.
- A registered Will is a testament that's officially recorded and stored in the office of the Registrar of Assurances.
- It provides a higher degree of legal protection and authenticity to your Will.
Documents Required for Drafting a Registered Will
Creating a registered Will requires some essential documents. Let's break down what they are:
- Identity Proof: This could be your Aadhaar Card, Voter ID, Passport, or any other government-issued ID. The registrar needs this to confirm your identity.
- Property Documents: Detailed documents of all your properties that you plan to mention in the Will, including land, houses, commercial properties, and so on.
- Financial Documents: Comprehensive details of all your financial assets like bank accounts, stocks, mutual funds, insurance policies, etc.
- List of Beneficiaries: A complete list of all individuals who Will inherit your assets, along with their complete details.
- Details of the Executor: The executor is the person you appoint to carry out the directives of your Will. This could be a family member, friend, or a legal professional.
- Two Witnesses: As per Indian law, two witnesses must be present during the signing and registration of the Will.
Steps to Draft a Registered Will
Now that we have our documents ready, let's understand the process of creating a registered Will.
- Draft the Will: The first step is to draft your Will. Although you can do this by yourself, it's often better to seek legal help to ensure all clauses are accurately written.
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- Visit the Registrar's Office: Once your Will is drafted, make an appointment with the Registrar's office. Bring along all your documents, the executor, and two witnesses.
- Verification by the Registrar: The Registrar Will verify your identity, the identity of your witnesses, and ensure that you are of sound mind and not under any undue influence while creating the Will.
- Signing of the Will: Post verification, you and your witnesses need to sign the Will in the presence of the Registrar.
- Registration: The Registrar Will then officially register and store the Will, making it a registered Will.
Wrapping Up
And there you have it! Now you know everything required and the process involved in creating a registered Will in India. While the task might seem daunting, having a registered Will can bring you peace of mind, knowing that your assets Will be distributed as per your wishes.
Remember, it's always a good idea to seek professional legal help when dealing with such important matters. Reach out to our team of legal experts at +91 80692 32888 or drop us a WhatsApp message on +91 87644 47848 to know more about Wills, notarisation, and registration.