Will - Draft

A Will should be treated as a necessity. It reduces a lot of litigation and legal hassles of the heirs. 

A sample Will is shared below for educational and awareness purposes.

DRAFT - WILL

This is THE LAST WILL AND TESTAMENT made at …………. on this ……….day of ……20….. by (Name of Testator)…….. S/o _____________ R/o________________.

1.   I hereby revoke all Wills and codicils hereto for made by me.

2.   I appoint (name) (designation) S/o________________R/o______________ to be the executor and trustee of my Will.

3.   In the event (name) (designation) S/o________________R/o______________ were to predecease me, then (name) (designation) S/o________________R/o______________ will be the executor and trustee of my Will.

4.   I bequeath to -

a.    (name) (designation) S/o________________R/o______________,

b.   (name) (designation) S/o________________R/o______________ a legacy of Rs ………….. each.

5.   I appoint the said trustee as guardians of my children jointly with my wife.

6.   I declare that I am in good health and possess a sound mind. This Will is made by me without any persuasion or coercion and out of my own independent decision only.

7.   I bequeath the following assets to my Wife/Husband Mrs/Mr……………..

a.    My house located at (address)………

b.   Entire Bank balance of my savings account no………………….. with (bank name & bank address)…..

c.    My Fixed Deposits in (bank name & address)…. bearing (FD receipt nos)……..

d.   The proceeds of my Insurance Policy (Policy no)……, from (Insurance Company name & address)………

e.    The contents of Bank Locker No………, with (bank name & bank address)………

8.   I bequeath the following assets to my daughter/son  Miss/Mr……………

a.    Residential Plot no…….., located at…………….

b.   My car with registration no……….

c.    My mutual fund investments with folio numbers…………………..

d.   My Gold Collection (details),

e.    My Silver collection (details).

9.   I bequeath to my servant (name)……. D/S/o________________R/o______________ the legacy of Rs……….. in addition to his/her wages which may be due to him/her at the time of my death.

10.                I give the following charitable legacies:

a.    To the (Institution name & address)…… the legacy of Rs…….,

b.   To the (Institution name & address)…… the legacy of Rs…….

and I declare that the receipt of the treasurer or other proper authority of the institution shall be considered as a sufficient and complete discharge of the legacies hereby given.

11.                I give my sister ………. R/o…………. during her life an annuity of Rs……….payable on the 5th day of each month after my death.

12.                I devise and bequeath all my property, movable and immovable whatever and wherever existing at the time of my death not hereby disposed of to my wife (name)……..

In WITNESS WHEREOF I, the said (name of testator)…… have to this Will set my hand this ……day of ……..20…

[Name of testator]

Date, Time

Witnesses:

i.             Name:

Address:

Date, Time:

ii.           Name:

   Address:

Date, Time:

iii.          Name:

  Address:

  Date, Time: