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