A well-drafted Will clearly outlines the owner’s wishes regarding the distribution of assets, minimizing confusion and disputes among family members. It also provides a clear legal mandate for financial institutions, banks, and property agencies, enabling smooth and efficient asset transfer.

Many developed countries impose inheritance or estate taxes on assets passed on after death. NRIs with assets in both India and their country of residence can draft a separate Will under Indian law for Indian assets. This helps avoid inheritance tax on Indian wealth, preserving more for the beneficiaries.

For business owners, a Will ensures that the business legacy is passed on to a chosen successor, maintaining continuity and stability. Without a Will, all legal heirs may stake a claim, potentially leading to internal conflicts and jeopardizing the business’s survival.

In absence of a Will document, the overall wealth distribution goes according to the Succession Laws like Hindu Succession Act, Indian Succession Act etc. to define who are the Legal Heirs and the distribution pattern by way of Succession Certificate form court. Such process takes 6 to 12 months and heavy legal expenses cost and legal fees.

Nowadays Wealth is becoming more powerful. In the event, where there is No-Will, family members are clueless about the deceased member’s wish, which indeed causes confusion / misunderstanding between legal heirs, son-in-law, daughter-in-law etc. resulting into disputes/fights and legalities resulting into debonding within family members due to wealth.