Page 35 - Seniors Today - Oct 2019
P. 35

Does a Will have to be registered?
        Registration of a Will is not compulsory in
        India. However, the testator can choose to
        register his/her Will if he/she so wishes. The
        benefit of registering a Will is that it is proof that
        the testator had appeared before the registering
        officer and the Will had been attested by the
        officer. After registration, the Will is placed in
        the safe custody of the Registrar. It is thus secure
        and cannot be tampered with.

        Does a Will have to be executed in the
        presence of a Judicial Magistrate or a
        Notary?
        In India, it is not necessary for the Will to be
        executed in the presence of a Judicial Magistrate
        or a Notary.


        What is the role of the executor(s) of the
        Will?
        The executors of a Will are responsible for
        administering the estate of the testator on his/
        her death. They ensure that the assets are
        divided among the beneficiaries in accordance         Making your Will is fairly simple, and will leave you with
                                                              peace of mind
                                                              with the Will and that all the instructions in
                                                              the Will are carried out. The executors obtain
                                                              probate from a Court where such probate is
                                                              required to prove the Will.


                                                              Can the witnesses also be beneficiaries?
                                                              The witnesses should not be named as
                                                              beneficiaries under the Will.


                                                              Where should the Will be kept?
                                                              A Will may be in multiple originals (two or
                                                              three is advisable), each kept in a safe place. (It
                                                              is necessary to inform your executor(s) about
                                                              where you have kept at least one original.
                                                              An important point to note: Never keep your
                                                              Will in a bank safe deposit box. When the
                                                              testator dies, the bank will not open the safe
                                                              deposit box until the executor obtains a probate
                                                              ie. permission from the court to administer the
                                                              estate, and a probate cannot be granted without
                                                              the Will. So make sure that your Will is kept
                                                              where it can be accessed by the executor(s).
        Remember that witnesses should not be beneficiaries in
        the Will
                                                                                   SENIORS TODAY | Volume 1 | Issue 4
        35
   30   31   32   33   34   35   36   37   38   39   40