KNOW ABOUT THE WILL

     

SHRI.K.GANAPATHY-   SUB-REGISTRAR( Retd)  -Lecturing on the subject.           

  KNOW ABOUT THE  WILL  AND ITS IMPORTANCE

WILL  means, the legal declaration of the intension of the TESTATOR (Person)with respect  to his property  which he desires to be carried in to effect after his death.  Testator is the person who is executing the WILL.

TEXTS  OF A VALID WILL ARE:

1.        Existence of intension  to take effect after the death of the Testator.

2.       Execution in accordance with the formalities prescribed by LAW.

3.       Revocability

4.       Existence of some  disposition of properties.

Even though the Registration of WILL is optional, it is better to register in order to avoid any LITIGATION regarding the genuineness.

A  Will may be presented for Registration at any time.  It is not necessary that  the WILL must be presented for registration before the death of the Testator.  It can be presented for registration after the death of Testator by the beneficiaries also..

A WILL may be presented  for registration before any Registering Officer. There is no jurisdiction for registration of  WILL

The Registration FEE  for a WILL  is Rs.500/- In addition , scanning of Documents fee is also levied.

The WILL comes   in to force , only after the death of Testator. During the Life time of Testator, the WILL may be cancelled or Modified . There is no bar to encumber the property during the Life time of the Testator.

If the Testator is SICK, he can request the Registering Officer  to register his WILL at his Residence  by producing  a Doctor’s Certificate.

The FEE prescribed for private attendance  is Rs225/- in addition  to normal registration fees.

If the Testator wants secrecy  in respect of his WILL, he can deposit  his WILL in a sealed cover  before any DISTRICT REGISTRAR.   WILL cannot be deposited before any  SUB-REGISTRAR.

The fee collected for Deposit of WILL  is Rs.200/-

WILL is not chargeable  under INDIAN stamp Act.   Hence, you can write in a plain Paper .  You need not pay any stamp charges.

In order to avoid any UNWANTED  LITIGATION among  family members, it is hereby advised  that  everybody  should EXECUTE  and Register a WILL.  It is helpful for Name Transfer of Properties  after the death of TESTATOR..

This is an information and guidance to  All our veterans  and readers.

SOI;    K.GANAPATHY,  SUB.REGISTRAR (Retd)-Tirunelveli.