5 Things To Consider While Making A Will

Outlook Money

Intestate Death

If a person dies intestate, i.e. without a will, and if there is no legal heir, the state takes over the assets under the escheat doctrine.

Death without a will

Advantage

It allows you to list the details of the assets and their share for each legal heir/s. 

Beneficiary

Asset Distribution

List details of all your assets, including physical and digital holdings, and declare the share for each legal heir.

Asset

Include Executor

Always include the name of the executor in the will.

Include Executor

Give Clear Directions

You must provide clear directions for the executor to make the will effective in situations like a medical emergency when you are unable to make decisions.

Compiled By Himani Verma

Medical decisions

Read More

Read More