Will and Codicil
Will and Codicil
Will and Codicil
MEANING
Definition: Section 2 (h) of the Indian Succession Act, 1925 defines "Will“
means the legal declaration of the intention of a testator with respect to his
property which he desires to be carried into effect after his death.
Codicil :Section 2(h) of the Indian Succession Act, 1925 defines "Codicil".
"Codicil" means an instrument made in relation to a will, and explaining, altering
or adding to its dispositions and shall be deemed to form part of the Will.
PURPOSE OF THE WILL: A will may be made for the following
purposes:
(1) for disposal of the property of the testator after his death and of
appointing an executor
(2) for appointing a testamentary guardian;
(3) for exercising a power of appointment and
(4) for revoking or altering a previous will
ESSENTIALS OF A VALID WILL
The essential characteristics of a will are:
1. There must be a legal declaration.
2. The declaration must be with respect to the property of the testator.
3. The declaration shall be enforceable after the death of the testator.
4. The declaration shall be capable of revocation by the testator before his
death.
1. LEGAL DECLARATION:
D. REGISTRATION:
Registration of wills is not compulsory However, if anybody wants to register
his will, he may do so It is only optional However, if a client seeks the advice
and assistance of the advocate, it is always better to advice the client to register
his (client's) will Registration avoids future complication and lessens the
burden of proof.
E. DIFFERENT KINDS OF WILLS:
(i) Oral Will: It is an oral will. It is weak. However, if there is a sufficient
number of witnesses, it will take into effect. Where the Indian Succession Act,
1925 is applicable, they are not entitled to oral will. Mohammedans are entitled
to make oral wills.
(ii) Holograph Will: A Holograph will is a will written by the testator himself
(iii) Inofficious Will: A will which is not in consonance with the testator's
natural love and affection, and moral duties is called an "inofficious will This
type of will is seen with suspicious and doubtful eyes.
(iv) Mutual Will: A will is mutual when the two testators confer upon each
other Reciprocal benefits as by either of them constituting the other his legatee,
i.e, when the executants fill the roles both testator and legatee towards each
their, but where the legatees are distinct from the testators, there can be no
question of mutual will . It implies two separate wills executed on the same day
containing similar provisions
(v) Joint Will: A joint will is a will made by two or more testators contained in a
single instrument duly executed by each testator disposing either of other
separate properties or their joint property. By joint will is meant a single
instrument by which two persons give effect to their testamentary wishes.
(vi) Contingent or Conditional Will: A Will may be contingent upon the
happening of an event so that if the event does not happen the will has no
effect
(vii) Duplicate Will: A testator makes his declaration in two copies. He
retains one copy and deposits other copy in custody of another person