Property inheritance and succession are quite complicated concepts. You don’t always understand the purpose of each document or legal paper. If you are having difficulties in understanding what is the purpose of a last will and testament, then this is just the right place for you. I am going to explain it in detail.
A will and a testament are legal declarations made by the testator for their assets, accounts, interests, etc. Here, the testator is the one who owns all these assets. Although the inheritance and successions come under Indian Succession Act 1925, if a person has made a will, that shall be covered under personal laws.
The wills and testaments are executed by the executor as named by the testator.
There are certain requirements to consider the will as valid. These requirements are:
The testator must be of 18 years in age
he/she should have a sound mind
The testator must have made the will out of his/her own choice without any pressure
The will should talk in detail about the disposal of property among the heirs, family or friends.
The will should be signed by the testator and witness with date.
This is all you need to know if you have questions related to What is the purpose of a last will and testament.
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What is the purpose of a last will and testament?
Deepika
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3 Year
2021-07-08T16:06:24+00:00 2021-07-08T16:15:52+00:00Comment
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