Monday 12 October 2015

WILL AND SUCCESSION

How can I revoke my Will?
The Will executed by a testator/testatrix can be revoked at any time during his or her life time in the following manner :

A] By executing another Will or Codicil.Such a Will or Codicil would automatically revoke the Will written earlier.

B]  By physically destroying the Will by burning, tearing or by any other mode of destroying the same.

C]  By a written declaration confirms the intention to revoke and this requires compliance of certain formalities as envisaged under the Indian Succession Act, 1925; and 

D]  By operation of law.

Is there any provision for safe custody of the will?
Yes.There is a provision for safe custody of will as provided in the Indian Registration Act, 1908.The testator or his duly authorized agent may deposit the sealed cover containing the will with any Sub-registrar for safe custody upon payment of prescribed fees.

The cover should  be superscribed with the name of the testator or his agent with a statement of the nature of the document.The deposited cover may be withdrawn by the testator or his agent on payment of prescribed fees. 


No comments:

Post a Comment