Wills
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A will is an essential document that declares all the important intentions of a testator concerning how they want to dispose of their assets after their death. It is also a unilateral document that only take its effect after the death of the testator and defines informed decision regarding the way they want to distribute their wealth, property and all their assets.
If you are tired of researching ways and procedures to create wills online or if you have been continuously searching for prominent trusts in Mumbai, you have come to the right place. Registering a will online with the help of NextGen transfer will not only make the entire process seamless, but it will also make sure that your will is drafted, registered, executed, and administered with the utmost professionalism.
But first, let's understand what a will is and why is it so important to plan and create a will?
What is a will?
By definition, a will is a legal document that is a declaration by a person regarding the distribution of their assets and wealth after their death. A will is responsible to name all the individuals who will and are subjected to receive the possessions of the testator after their death. The individuals mentioned in the will can be family members, relatives, friends, or even colleagues who the testator trusts. The legal document that is, the will can be used, edited, or substituted by the testator (executing person) at any point while or during their lifetime.
A will can also act as a legal document that highlights the succession planning for a company or business as desired by the property holder. A will can also be easily modified to assist with the transfer of trust deed where you can easily decide who you wish to hand over the legal title of your beloved property. The receiver can only be a third party in the case of a trust deed. A third party can be a bank or even a title company that can handle the financials of the real estate property.
Why do I need to create a will?
Will planning is important as a legal document that can always act as a backup or an inventory of possessions that can be left behind by the deceased. Creating a will makes sure that none of your decisions related to your assets are tampered with. As the will is always kept in the safe custody of a registrar, the will cannot be destroyed or stolen. Registering a will online also makes sure that no other person than the testator and executor can access or examine the legal document without a written permission. Another advantage of registering a will online is that you can easily get professional help and assistance from online estate planning solutions service providers who can help you draft, register, execute, probate, and administer your will.
Why online will?
Most experts suggest people not write their own will or carry out a “DIY” while drafting their own will. It is not always advisable to draft and execute your own will because you might not have the appropriate expertise required to create a will. You may not be able to identify the things to be ignored or avoided. In case you draft a wrong will, you might end up in court and the will might not help you realize your goals. Here's what may happen in case you don't seek expert assistance for creating, outlining, and registering a will online from estate planning solutions service providers.
• You might miss on the residuary clause
• Wrong wills might drag you to the court, causing future problems
• You may not be granted a probate
• You might end up falling into certain legal implications
• The will may not function as you desire and wish
How can NexGen help create trust deed and will online for proper succession planning?
NexGen being a leader in drafting and vetting wills and trusts deed shall be able to assist you with the help of their experienced lawyers in the dynamics of will creation. With a team of experts with years of experience, NextGen assembles the help of their in-house team of qualified chartered accountants, financial planners, and a panel of consultants to work on complex wills and trusts deed. NexGen also follows a straightforward but complex system that's unique to ensure that all of their Estate Planning Solutions and will, trust services are in tune with your requirements.
NexGen follows a more practical approach where they draw their solutions from their experiences with other clients and eradicate all possible risks and errors to ensure streamline will drafting and estate planning.
The process of outlining and registering wills online and the creation of the trust deed begins with the drafting. The latter process includes safekeeping, executing, probate, administration, review, and revision. For Trusts Deed, NexGen offers services including asset protection, life insurance, living trust, special child needs, business value protection, and the formation of several types of trusts.
Concluding, NexGen leads you throughout the complete registration process and offers guidance by accompanying you to the office of the sub-registrar. This ensures that your Will is registered safe and the process becomes hassle-free.
