When must I make a will?

When must I make a will?
– To give any particular asset to a particular person.
– To give assets to a relative who will not be my heir.
– To give assets to charity.
… and for many more reasons.

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Features of Intestate Succession

If a person does not make a will, all heirs indicated in the law that applies to him will inherit all his assets, simultaneously, immediately on his death, in undivided shares and as tenants-in-common.

It is important to know these features. That will help to decide whether to make a will or not.

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Intestate succession to a woman’s property

If a woman dies without a will, who will inherit her properties ?

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Intestate succession – Hindu woman

If a Hindu woman dies without a will, who will inherit her property and how much depends on (i) whether she has children or not, (ii) whether she is married or not, and (iii) the source of her ownership of inherited property. If she has self-earned properties, and properties inherited from her father, mother, father-in-law or husband, different persons will have different shares in different properties.

While property of a woman of another faith goes after her death to her own (and not her husband’s) relatives, the property of a married Hindu woman who does not have children goes after her death to her husband or to his relatives.

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Surviving parents, brothers and sisters

If a man dies survived by his parents, brothers and sisters, who will inherit his properties if he has not made a will?

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Surviving wife, children and parents

If a man dies survived by his wife, children or parents, who will inherit his properties if he has not made a will?

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Succession to property after death

The property of a person passes on after his death by testamentary or intestate succession.  This happens by law.

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Must I make a will?

Why must I make a will? Will it avoid disputes? Will it avoid getting court orders about my properties after me?

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Nominations

Making nominations allows easy administration of some of my assets after me.

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Lists of debts and liabilities

I must also make a list of debts and liabilities before I proceed to making a will.

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