Most of us procrastinate with regard to future planning. However, with regard to protecting your family and the distribution of your assets as you wish, you can do no better than to have a will. Nevertheless, the question is on the mind of many individuals; is it enough to write a will or should you have will registration?
And should you be searching will registration Thane, or any other part of India, this guide will enable you to know what it is all about, why it is important, and whether you really need it at all.
What Is Will Registration?
A will is a legal document that specifies the manner in which your assets are going to be distributed upon your death. Although the process of writing and signing a will is itself recognized by the Indian law, its registration provides a certain degree of authenticity and security.
What Is Involved in Registration?
Will registration It is the process of registering a will under the Registration Act, 1908 with the local Sub-Registrar office. The individual who is making the will (testator) must be present in the presence of witnesses.
Once registered:
There is official registration of the will in the government.
It is more difficult to dispute in the court.
It is securely stored and it can be accessed when required.
Is Registration Mandatory?
No, in India registration is not legally obligatory. Even an unregistered will will be useful upon meeting the legal stipulations including suitable signing and witnessing.
Registration however makes the document much more credible particularly when disputes are involved.
Why Should a Will be Registered?
Although it is a voluntary process, by registering your will, you receive a number of practical advantages that make it worth it.
Stronger Legal Validity
Registered will is of more weight in legal circumstances. The courts will not doubt its authenticity so much since the authenticity has been confirmed by a government body and the identity of the testator is also recorded officially.
This decreases the possibility of fraud, forgery, or conflicts between family members.
Safer Record Keeping
Loss, damage or tampering is one of the main reasons why unregistered wills are not an ideal idea. In the case of a will registration, a copy is safely kept at the office of the registrar and can be obtained in case the original is lost.
This extra security would be particularly useful to individuals contemplating will registration Thane, in terms of providing security to documents over a long period.
Will Registration vs Unregistered Will.
Learning about the distinction between a registered and unregistered will will allow you to make a better choice.
Some of the most important distinctions.
A registered will is formally registered with the government hence it is more acceptable under legal circumstances. It is more difficult to dispute and has a superior safeguard against fraud.
Conversely, an unregistered will is less complicated to make and does not require any registration fee, though it can be vulnerable to legal challenges particularly in cases where more than one heir is to be mentioned.
Which One Should You Choose?
Registration is strongly advised in case your assets are substantial and the situation of your family is complicated. It brings sanity and reduces disagreements in the future.
Unregistered will can be effective in case your estate is basic and there exists a very good level of trust amongst the beneficiaries. It is however more risky than a registered one.
Registration process of a Will in Thane.
In case you have made up your mind to get registered with the will, it is quite an easy task.
Step-by-Step Process
Begin by writing your own will and listing all the assets and beneficiaries. Upon the preparation of the document, you will then visit the Sub-Registrar office in your locality with two witnesses.
The will will have to be signed before the registrar and a small registration fee will be paid. Once confirmed, your will is put on record.
Documents You May Need
Identity proofs (Aadhaar or PAN card), address proof, original will, passport-sized photographs are the most common identity proofs required. There is also the need to have details of the witness during the process.
When you do not know how to write or use legal expressions, then you can find a professional to help you with the will registration Thane and make sure that everything is correct and legal.
False beliefs about Will Registration.
The myths surrounding registration of a will are in a few.
Registration renders the Will permanent.
This is not true. One can change or revoke a registered will at any time of your lifetime. The latest version will be deemed as valid.
It is Costly and Complex.
The fact is that it is a very easy and relatively cheap process. The majority of the problems are caused by the lack of documentation, which can be easily evaded with the help of proper guidance.
Parting Impression: Does It Have to Be?
Although will registration is not obligatory, it is certainly a clever and convenient move. It can protect your intentions, minimize the legal issues, and make sure that your loved ones do not have to struggle with unjustified difficulties in the future.
In case you are interested in absolute peace of mind, it would be well-paid. And whether it is you are beginning or you are now ready to attend to will registration Thane, the support that you have can make the whole process uncomplicated and easy-going.
