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  Will is a legal document which describes the wish of the testator (person making a Will) for distribution of his properties after his death. Death is inevitable, but the time is not known. Unforeseen events like Corona Virus may lead to unexpected troubles, and protecting our loved ones from hardships becomes a priority. If we can arrange financial assets for our children, there is nothing like that. It is imperative to write a Will to avoid any fight among siblings for sharing the wealth and the financial assets. Recommended reading:  Contesting a Will – facts and details Requisites of writing a Will The Law relating to Will is found in the Indian Succession Act, 1925. If a person dies intestate, the disposition of his property takes place as per Succession laws . A Will can be prepared by anyone above 21 years of age and of a sound mind. A beneficiary can be any person capable of holding property. It can be a minor or a company. A person can disp...

Where there is a will, usually someone is willing to contest it. Where there is none, someone is willing to fight for inheritance anyway. Does this mean writing a will is a pointless exercise? "No, it is not." While the law allows a person to express concern over a person's inheritance, if a will is made properly, the objection can be dismissed easily. A will reduces costs, effort and paperwork, not to state disputes Within the family. While writing the will itself is an easy task, it is best to do it under legal supervision or consult a lawyer for legal advice. This is because, on your own, you are likely to miss many details that can result in legal battles. 1)  Not having a will It is the biggest mistake and a step that needs to be taken once you reach your 50s, or earlier if you have many assets and properties. More Time and Higher Expenses: In the absence of a will, legal heirs are forced to spend large sums to acquire compulsory documents such as ...