21 July 2017 All-your-money-queries-answered

What is the right way to write a Will?

OLM Desk

What is the right way to write a Will?

Vanshika Rane, Pune

There is no one prescribed format to draw up a Will. To make your Will effective and stand up in case of a contest—it should be executed in accordance with applicable law. You may change your Will at any time during your lifetime, provided you are competent to contract with a sound mind either by executing an addition (known as codicil in legal terms) to your last Will or by making a fresh Will and revoking your previous Will. In your new Will, you should specifically mention the date on which the previous Will was created and categorically state that it stands revoked. Also, it may be advisable to destroy your previous Will to avoid confusion. Although registration of a Will is not mandatory in law, it is recommended that you do register it.

 

olmdesk@outlookindia.com

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TAGS: Will, contract, law, legal terms
OUTLOOK 21 July 2017