A will or testament is a legal document by which a person, the testator, expresses his or her wishes as to how his or her property is to be distributed at death, and names one or more persons, the executor, to manage the estate until its final distribution. For the devolution of property not disposed of by will, see inheritance and intestacy.
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Wills & Estate Wills, probate and disputes specialist lawyers can assist with all aspects of estate planning Wills provides to a party the ability to distribute estate, choose heirs, appoint guardianship, and distribute precious belongings to various people.
The difference between a will and estate is that a will is a part of an estate plan, not an entire estate plan. A thorough estate plan contains much more than just the last Will. It should include a power of attorney, an advanced directive and if desired, trusts for children, grandchildren and establishments. Will takes effect only after the death of the testator.
A will can be made by a person who has attained the age of majority (above 18 years) and is of sound mind. Section 59 of the Indian Succession Act states that the person making the Will should have the testamentary capacity, sound disposing of mind, knowledge of contents of the Will. He/she must also be free from undue influence, fraud or coercion and the making of a Will should be a voluntary act.
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