I must also make a list of debts and liabilities before I proceed to making a will.
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Making a Will – 5 . Contd…
My property includes my share in the property or asset that I own with others. Generally, I am free to transfer my share while I am alive, or to give it away in my will. What is my share in inherited and purchased property, and in joint accounts and investments?
These are a series of posts about managing properties during a lifetime, so that administration is easy later. Readers will be able to decide whether to make a will, and if so, how to make it effectively.
This discussion is very plain and simple language is for a lay-person who has to decide whether, and how, he can make a will. It covers the fundamentals of managing properties, succession and will-making. It is based on Indian law.
Click here to read the first four posts.
You are welcome to attempt these Multiple Choice Questions on different aspects of Indian Contract Law.
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I take example of a clause in a contract about liquidated damages to demonstrate how the many judgments interpreting section 74 of the Indian Contract Act have made this branch of law uncertain and unpredictable for contracting parties.
This is my speech at the inaugural session of a Seminar organised by the National School of India University, Bengaluru : “Strengthening Legal Provisions for the Enforcement of Contracts”.
Download corrected files of the Specific Relief Act 1963 as amended in 2018.