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Draft - Will Format

Draft - Will Format

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Published by gstiru

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Published by: gstiru on Mar 31, 2009
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05/14/2013

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Will
 I, _____________________________________, Hindu / Muslim / Parsi / Christian / Jew, aged __________ years, residing at ____________________________ do hereby revoke all former Wills, Codicils and Testamentary Dispositions and I declare this Willto be my last Will and Testament.I am maintaining good health and am of sound mind. This Will is made by me of my ownindependent decision and free mind and volition and in sound health. I have not been coerced or influenced by any person whatsoever in the execution of this Will.1. I hereby appoint the following persons as Executors and Trustees of this my Will:(i)(ii)(iii)It shall be open to them to appoint one or more executors and trustees in their sole discretion.2. I hereby direct that the said Executors and Trustees shall pay my Income-tax, Wealth-tax, justdebts and other liabilities, if any, from out of the property which I may leave after my death andthe balance of my property shall be collected and dealt with in the manner specified hereinabove.Probate duty shall be paid by the legatees proportionately in accordance with the Legaciesreceival.3. My family consists of:a) Name:Relationshipb) Name:Relationshipc) Name:4. I own and possess and am absolutely entitled to the following immovable property / properties:i)ii)iii)I hereby bequeath the said immovable property / properties as follows:i) _______________ to _________ 
 
ii) _______________ to _________ iii) ______________ to _________ 5) I am seized and possessed of various movable assets, a brief list whereof is given below:i)_________ ii)-----------iii) Household utensils, furnitures, antiques etc.iv) Cash in savings A/c. No. ___________ with _______ bank.The present aggregate value of my movable assests is approximately Rs. __________ 6) I am desirous of creating a trust for the benefit of my wife, Mrs_________ and my daughter Ms. _________ 7) I hereby bequeath a sum of Rs___________ to be held by the executors and trustees of mywill to be held in trust for my wife and my said daughter.8) The Trustees for the time being of the aforesaid trust shall be entitled to co-opt one or moreTrustees in their absolute discretion and to nominate one or more person to act as Trustee of Trustee after the death or resignation of any or all of them.9) I am seized and possessed of certain bank balances and fixed deposits with Banks andCompanies. I hereby give, device and bequeath the monies lying in the aforesaid bank accountsand deposits after my death to __________ 10) I bequeath my public provident fund to my wife Mrs._________ absolutely.11) The paintings, silver wares, jewelry, antiques etc at the time of my death is to be apportionedamongst my wife and daughter equally.12) I hereby give, devise and bequeath all the balance of my property, both movable andimmovable, which I may be possessed absolutely to my wife Mrs._________________. In caseshe predeceases me, all such balance of my property, I hereby give, device and Bequeath to mydaughter Ms. ______.IN WITNESS WHEREOF I, do hereby set and subscribe my hand this _______ day of ________ 2005SIGNED by the within named Testator) ____________ and acknowledged by)her to be her last Will and Testa-)ment in the presence of us present)at the same time, who at her request)and in her presence and in the)presence of each other have hereto)subscribed our names as attesting)witnesses)WITNESS:1. NameAddress:2. Name

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