Most of us assume that if there is no Will, all assets will be simply handed over to the spouse. In reality, in the event of no Will, assets are to be distributed to all legal heirs as per Succession laws (in Hindu – equally to living Mother, spouse, all sons, all daughters including married daughters) including Business Assets as per Succession certificate from court with time and cost.
Is your family vast? Do you want to leave your wealth to specific members of the family? A Will can determine the ‘who’, ‘what’, and ‘when’ of your assets. As a result, it will be easy for survivors to sort out your assets without any confusion, avoiding long-drawn court battles.
Let your heirs know that you would like to talk about your Will today. If you feel that a discussion on property distribution will turn into an argument, request your lawyer to be present. This will not only reduce conflict, but will also resolve all legal doubts if necessary.