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PRACTICE AREA / 04

Succession & family

Thoughtful documents for personal intentions.

Wills, codicils, nominations and family arrangements, beginning with an understanding of the family, the assets and the wishes a person wants recorded.

The laws covered: Indian Succession Act, 1925 · Hindu Succession Act, 1956 · Banking Regulation Act, 1949 · Registration Act, 1908

Wills & codicilsNominationsFamily arrangementsExecution & custody

SUBJECTS WITHIN THIS AREA

Key questions under this law.

01

Making a will

Who may make a will, and how must it be signed and attested? (ss. 59 and 63, Indian Succession Act, 1925; for Muslims, s. 58(1) and Muslim personal law)

02

Nominations

Does a nominee on a bank account own the money, or receive it for the heirs? (s. 45ZA, Banking Regulation Act, 1949)

03

Registration and custody

Must a will be registered, and can it be deposited for safe keeping? (ss. 18(e) and 42, Registration Act, 1908)

A PRACTICAL STARTING POINT

A self-check
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COMMON QUESTIONS

A little more context.

The applicable personal law, succession legislation and the nature and location of the assets differ from person to person.

India Code: Indian Succession Act, 1925 ↗
Can one will template suit every family?

No. Personal law, the location and ownership of assets, family circumstances and execution requirements can all change the position.

Is a nominee the same as a legal heir?

Not necessarily. It depends on the asset and the statute that governs it. The related article explains the position for bank accounts.

RELATED READING

Updates in this area.

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