How Necessary is a Will?

#1
Let's say a person has nominees or joint holders in everything? Is a will still necessary?

I mean - let's say a nominee has been set in the house with the housing society. What happens when the person dies without a will - what is the the process then for taking ownership of flat?

Likewise for bank accounts & other stuff - let's say there is a nominee but no will - what happens then?
 

Alchemist

Administrator
Staff member
#2
A will is suggested for immovable property.

For movable property, nomination will be enough.

If nomination is done
for movable property, it is better to keep that property out of the will - else extra cost/duty will have to borne at the time of getting the probate.
 
#4
A will is suggested for immovable property.

For movable property, nomination will be enough.
What happens if a person with movable property does not leave a will, but the legal heir is a nominee in the immovable property?

If nomination is done for movable property, it is better to keep that property out of the will - else extra cost/duty will have to borne at the time of getting the probate.
What is cost of probate for immovable property?
 
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Alchemist

Administrator
Staff member
#5

Tojara

New member
#6
I think if you are a first priority family member like son of a mother who dies will is not even such a requirement to get everything after her death. But you need to consult yourself with good lawyer just to be sure in all things like that. It's very important not be dissapointed just in case you may need some legal help. Sometimes there is also a fee with getting a will EVEN! Can you imagine ? And who knows maybe you may not get it if you don't have the money needed ?
 
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