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Few 'Myths' About Will
Myth Will should be made at old age only
Fact - Every Individual is aware about Date of Birth, but no one knows their Date of Expiry. We all buy life insurance keeping in mind for Life Uncertainty, the same concept need to be applied for a Will.
Myth Will is not required when Nominations / Joint Holding arrangements are made
Fact - A Nominee or a Joint Owner can act as a Trustee only and can NOT claim Ownership of the properties as legal heir. So if you think nomination / joint ownership is a solution, re think!
Myth-If a Will is not made, all the properties will go to the spouse automatically.
Fact - If a Will is not made, then after demise, all the properties will be distributed equally amongst the mother, spouse, sons and daughters as per Succession Laws of your religion
Myth - Writing a Will is a tedious process. It requires several visits to lawyers, and also hassles of Stamp paper, Registration etc.
Fact - A Will can be written on a plain paper and registration is also not Mandatory. An unregistered Will is also 100% Legal. Now, Will writing is simple, hassle-free process through iWill. Make a Will at your own time and place.
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Contact Details
Muthoot Securities Ltd
Alpha Plaza K.P.Vallon Road Kadavanthra Cochin - 682020 Kerala, India