A Will tells the world exactly how you want your assets distributed after your lifetime. It’s also the best place to name guardians for your children. Not having a “Will” can be costly to your heirs and leaves you no say over who gets your assets. Some of the common question / issues around Wills are:
- I have already nominated my children in all my accounts and other assets which my wife and I hold jointly. Do I still need a Will?
- My family is simple and I desire all my assets to go to my wife and children. Do I still need to write a Will?
- Should I write the Will on a Stamp Paper?
- My assets may change over time. How will my Will take the changes into account?
- Do I need to register the Will? If so where, and what are the benefits of registration?
- Why write a Will – I have heard a Will can be challenged very easily?
- I have taken a few loans. What happens to my loans when I die?
- What is the process by which my wife and children can claim assets after me? How is it different if I don’t write a Will?
- What is a probate? Is it compulsory? Will it be required?
- Who is an Executor? Can I appoint my family members as one?
UTPL would be happy to assist you with these questions and help with drawing your Will. What is more, we take over the role of an Executor thus easing the Administrative burden on your wife and children.