Hi, I am Shanaya Kapoor and a NRI. Currently I am residing in California for the last 12 years and before that I was in India. I hold certain properties in both the countries. I read your last blog about why NRIs should write a Will and it really pushed me to write one but now I am confused about whether I should write a Separate Will or a Composite Will. Can you help me reach a decision?
Well Shanaya is not the only NRI who is stuck at making a decision regarding which Will to make, many of you must be confused. But here is what we at AasaanWill have to advise.
We advise you to prepare SEPARATE WILLS for the properties you own in different countries because the execution process of every country can be different. For instance Shanaya holds a joint business in India with her cousin, the scene will become complicated through a composite Will.
In India, registration of Will is not mandatory, even for a NRI. So if you write a Will in a foreign country that is also a valid Will but if your share in the property or the relations among beneficiaries are complicated, registering a Will is a viable option.
If you write a composite Will, the chances of its execution in the resident country are high. Then it will not be you but your beneficiaries who will rush from one place to another to complete the legal formalities, after your demise. Read out in the next heading, what are the cons of writing a composite Will.
If you make a COMPOSITE WILL and it is executed in any foreign country, then there are certain things your beneficiary will have to comply with after your death:
You can now make your Will online for your assets in India which is affordable, easy and legally valid at AasaanWill.Zaroori Hai!
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