Source: The Economic Times
A
Will is a written statement by a person known as the 'testator' to distribute
his property as per his wishes, after his death. While it may seem quite easy
to draft a Will, a lot goes into deciding the wording to convey the actual
intent of the testator and to fortify it, so that it stands as evidence in
court. The following steps describe how to create a Will using online Will drafting
services.
Registering on
portal
First,
one needs to register on the service provider's website. A username and
password is assigned to the user for accessing the services offered.
Entering details
Details
about the testator, his assets, beneficiaries (legatees) and other personal
details are required to be furnished in order to create the Will. These details
are sought in the form of a questionnaire or by filling a form on the portal.
Once the details are filled in, one can review and edit before submitting the
same. Here, the user also needs to indicate who he wishes to appoint as executor
to the Will.
Payment
Once
the details are submitted, payment needs to be made to the service provider as
per their fee schedule. This can be done online or offline, as mandated by the
service provider.
First draft,
finalisation
A
panel of lawyers use the details furnished by the user and create a first draft
of the Will. The same is sent to the user for review and approval. The user can
suggest changes to the draft. Once the draft is approved, the Will is finalized
and sent the user for execution
Execution
Once
the final draft is sent to the user, he can sign it in the presence of witnesses.
Registration of
Will
Although
not mandatory, it is best to register the Will before the sub-registrar as this
adds to the authenticity of the document.
Points to note
It
is important to check the credentials of the service provider vis-a-vis their background
and expertise, as well as the services they offer.
Online
Will services usually do not offer the option of creating a joint will. The Will
charges usually allow one or two iterations to the draft will. Any further changes
entail extra cost.
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