Our Services
A carefully drafted and highly personalized document that ensures an amicable distribution of the wealth. This begins with a face to face meeting between you and “Inkmywill” team.
First, we iron out all your concerns/queries and then we take you through a simple but thorough process of crafting a Will.
While making a “Will”, all your thoughts as a layman will be checked from all possible future sources of conflicts and challenges.
“Inkmywill” team not only carve a “Non-challenging Will” but also advise you – how you can transfer your assets during your life and post that to ensure an effective estate planning.
Think about a situation where your children or loved ones have to visit various government authorities and courts multiple times to get your assets in their name.
With our executor-ship services , we ensure that your assets gets distributed amicably and as per the will.
Though a beneficiary can be appointed as an executor however having an independent executor minimizes any unforeseeable conflict between the beneficiaries.
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The executor should be over 18 years and of sound mind.
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A beneficiary in your Will can be appointed as an Executor.
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We generally advise that executors should be resident in India, as it will be easier for someone in India to carry out his duties in an effective manner.
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Executors appointed should not be from the older generation as they may not survive the Testator.
A Gift Deed is a document that is executed between a person giving the gift (Donor) and a person receiving the gift (Donee).
While Gifting one must also consider the tax applicability as when the gift is made to relatives defined by the Income Tax Act are exempt from tax in the hands of the donee and in other cases it may be taxable.
A Gift Deed is a step to formalize the act of gifting – out of love and affection during your lifetime and without any financial consideration so that future complexities with that gift can be avoided.
There should be a Donor and Donee.
There must be a transfer of ownership of property from Donor to Donee.
The transfer should be voluntary, without any force or coercion.
The gift should be made out of love, gratitude, and affection and without any consideration.
The Place and Date on which the deed is to be executed should be clearly mentioned.
A gift should be accepted by the Donee and the acceptance of the gift should happen during the life of the donor.
A minor cannot make a valid gift deed. The guardian of the minor can accept a gift made to a minor on his behalf.
A gift since made cannot be revoked.
Two witnesses to bear testimony and their signatures.
If there are any liabilities attached to the gift, the same should be mentioned.
A Family Settlement Deed is an agreement through which family members mutually agree as how a property should get distributed among themselves. It can be made not only for movable but also for immovable property.
Long and complex legal proceedings can be avoided with the help of a well drafted settlement deed.This can also be named as a Family conciliation process wherein a mutual consensus among the family members is aimed to resolve a property dispute.
The Deed must contain clear description of property involved.
The Deed must be signed by all the members of the family having a right in the property.
A missing consent from a member becomes an easy ground for challenging this deed.
If it is relating to immovable property it needs to be registered else it will be invalid.
Stamp duty is also applicable on such deeds.
Transfer of property or assets under this agreement is not to be considered as a gift or a transfer of right and hence there is no question of capital gains tax.
Living Will is essentially a legal document that sets out a patient’s wishes with respect to the medical treatment they would prefer if they are in a permanent vegetative state or coma where they are unable to communicate.
The person drawing up the ‘living will’ must be an adult, who is of sound mind and is capable of communicating his/her decision clearly.
This is a voluntary process and the ‘living will’ cannot be obtained under duress or coercion.
The ‘living will’ must be in writing and the contents of it must clearly state that treatment may be withdrawn.
It must contain a declaration stating that the person is drawing up the ‘living will’ has understood the consequences of executing the will.
The ability to revoke any instructions made in the ‘living will’ must also be mentioned clearly.
