Understand the circumstances
Record family relationships, assets, ownership, existing documents and nominations, and the person’s intentions.
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.
SUBJECTS WITHIN THIS AREA
What a review may cover.
Consider the instrument
Review whether a will, codicil, gift or family arrangement is relevant, and identify personal-law, tax and property questions.
Plan execution and upkeep
Consider capacity, attestation, registration where chosen, custody, executors and the triggers for a later review.
DOCUMENTS & PRACTICAL OUTPUTS
From questions
to a working record.
Depending on the agreed scope, the work may involve the following. Deliverables and responsibilities are confirmed before an engagement.
- Succession intake and asset checklist
- Will or codicil draft within an agreed scope
- Family-arrangement framework
- Execution, custody and nomination-review checklist
A PRACTICAL STARTING POINT
Questions to
bring to the table.
Use these prompts to organise your thinking. Your answers stay on this page and are not submitted or saved. This is not an assessment or certification.
0 of 5 topics considered
Select the topics you have considered.
COMMON QUESTIONS
A little more context.
Applicable personal law, succession legislation and the location and nature of assets require individual consideration.
India Code: Indian Succession Act, 1925 ↗Can one will template suit every family?
Personal law, asset location, ownership, family circumstances and execution requirements can all change the analysis.
Is a nominee the same as a legal heir?
Not necessarily. It depends on the asset and the statute that governs it.