I am a 41 year old.
My elder son is 14 - from my first marriage. Divorce, legal custody is with me
Younger son is 3.5- from current marriage.
My assets are in the form of shared ownership of a flat with my husband, bank FDs, mutual funds, ULIP(in name of elder son), EPF and PPF.
In almost all investments I have put the name of my mother as nominee. Reason is that after my death the legal guardian of my elder son will be his father. Who is not in the same town and least interested in him.
I want to write a will and keep it in my locker. Can I write will on a plain paper?
If I die I would like everything to go to my elder son because I am his only guardian. For younger one my husband can make sufficient arrangements.
Please guide me how I can write a will that will work today and after 4 years when he will be major. It should be least hassle for him and my parents to take care of and he should get the money keeping in mind his age and future.
How should I choose the words to satisfy my requirements?
We suggest you check some more information on Wills from our resources page. Here is the link http://lrc.moneylife.in/feature/lrc-resources/ Here under the handy reference to Wills & Nominations,...Read More
Comments
My father expired in April this year. We are 2 children, myself his son and a sister. We are staying in a co-operative hsg society in a leasehold of 999 years. I have become a member of the society as per instructions/sole nomination left by him. We now want to proceed with other formalities like including my name in property card at Mulund court. He has left a registered will in which he has left the current house to me and had given a house to my sister in the past which she sold and settled in US. We have been asked to "probate" this will. What is involved in this and how to proceed ? Are any documents required from my sister ?

Thanks, atul
If you want to have probate of your father's will, then please go to testamentary division of Bombay High Court, to get your late father's will probated.

It is not necessary that your sister...Read More
Comments