A Will is a legal document that outlines the distribution of assets and property upon the death of an individual. Creating a Will is of utmost importance as it ensures that an individual’s assets are distributed according to their wishes.
years of experienced Estate Lawyers
wills Delivered
Assets secured through will
Legally valid
We offer a comprehensive range of services that meet all your needs and more, for an entire year.
| Base Price | $200 |
| Total | £0 |
| Total | $200 |
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Provide Details
Specify Asset Distribution Preferences
Decide how you want to distribute your assets & ratio.
Finalize and Receive Your Will
After providing instructions, review your Will. Finalized versions are emailed in Word format
Discussion with Lawyer
If you wish to make customisations, speak to the lawyer
Estate taxes
apply in some countries
No Inheritance
tax apply in India
No stamp
duty on will
Tax on
sale of inherited assets apply
$ 1mn can
be remmitted yearly from India
Foreign assets details
need to be mentioned in ITR
18 years minimum
age to make a will
Without undue
influence will should be made
Executor
A trusted person must be appointed
2 Witness
required
Power of attorney
is not allowed for will registration
Registration of
will is not mandatory
Apostille of Probate
of Foreign will is admissible in India
Witness need
to be physically present
Anciliary probate
required in India of foreign will
Will must
comply with indian and foreign laws
Separate wills
for each country may be recommended
Change is
possible during lifetime
Probate mandatory
for will written abroad
Will supersedes
Nomination for financial assets
Public document
after death
Domicile laws apply
case of international estate
Intestate death
jurisdiction court where property lies, decides legal heirs
Notarization of will
is mandatory
| Will | Trust | |
|---|---|---|
| Legal document | Written document detailing how assets are distributed after death. |
Legal arrangement where settlor transfers assets to trust for the benefit of beneficiaries. |
| Takes effect | On death of testator |
Either during lifetime (living trust) or upon death (testamentary trust) |
| Privacy |
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| Execution | Exectutor appointed to carry out testators wishes |
Trustee appointed to manage the trust assets and carry out the instructions |
| Low cost |
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| Changes possible |
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yes, if revocable |
| Probate avoidance | ||
| Manages estate if you become incapacitated |
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| Creditor protection |
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| Creditor protection |
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| Estate tax planning |
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| Requires Witnesses? | No (Witnesses may not be required, but advisable for certain types of trusts) |
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| Can Distribute Assets Immediately? |
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| Guardianship | Can be desginated |
Can include provision for Minor care |
| Legal challenges | More susceptible |
Less suspectible |
| Court intervention ? |
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| Gift Deed | Will | Relinquishment Deed | |
|---|---|---|---|
| Guardianship for Minors |
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| Charitable Bequests |
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| Co-Ownership Arrangements |
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| Division of Inherited Property |
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| Removal of Legal Rights |
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| Property Settlements |
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| Executed During Lifetime |
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| Takes Effect After Death |
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| Involves Monetary Exchange |
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| Transfer while alive | Yes (During the donor's lifetime) |
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Immediate Execution? |
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Registration mandatory? |
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Consideration |
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Yes or No |
Tax planning |
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Revocation |
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Probate |
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yes, Required for some cases |
|
Purpose | Transfer ownership |
Inheritance |
Give up right to property |
Estate Planning |
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Appointment of Executors |
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