As cinema buffs, we have watched several films where the villain hatches a complex plot to misappropriate property through forged wills or by keeping the legal heirs in the dark. The villain may also try to prevent the heirs from fulfilling the conditions of the will. Such plots have been turned into good suspense, thrillers as well as action movies. After watching such movies, have you ever thought of writing your own will? Quite likely that it did not trigger the thought.
Maybe, we are too busy slogging and switching jobs for fatter pay cheques. We spend all of our time planning real estate purchases and creating wealth through stocks and gold. Isn’t all of these efforts partly aimed at leaving behind a rich legacy for our loved ones? You need to bequeath it to someone, preferably through a proper will.
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In the absence of a will, your property gets distributed equally among your heirs according to the succession laws. The law wouldn’t know that you wanted to leave the prized vintage car, which you had refurbished over the years after buying it from a scrap dealer, for your youngest son who was always keen to help revive the old automobile. The law also doesn’t know that you wanted to leave your art collection for your daughter who has interest in paintings.
Would you want your prized car and art collection to be sold and the proceeds distributed among your heirs according to the succession laws and not as per your wishes?
