Business Today

MORE ON WILLS

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A will can be handwritte­n or made by a legal profession­al or made online. A plain paper will without registrati­on is 100 per cent legal. GoI has exempted stamp duty on a will. A will includes details of all assets, including artefacts, patents and copyrights. A will may be challenged in court if: It is not written in a known language The content is not known/explained It was under force It was signed under influence of drug, alcohol or unsound mind condition. Husband and wife can make a joint will, which will only take effect after both have died. A person can make a will as many times as he/she wants. The last will where it is mentioned ‘This is the Last Will and all past Wills, if any, to be treated as cancelled’ is legally valid.

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