What is a Will? An Overview The Indian Succession Act is the law governing wills. It applies to almost all Indians except Muslims. A Will is a legal declaration made by a person regarding the distribution of his assets after his death. (Section 2 (h) of the Indian Succession Act.) Codicil- Sometimes the testator may draft an additional instrument to explain, alter or add to the contents of his will, such documents are referred to as codicils. Legally, a codicil is a part of the will. A Privileged Will is a special kind of will that becomes relevant only during a war, or in cases wherein soldiers are engaged in active combat duty. What kind of assets can be bequeathed through a Will? All kinds of movable and immovable assets including real estate, money deposited in banks, securities, and even brand names, trademarks, and Intellectual Property Rights. Even though a will is a legal document, there is no prescribed format for it. It could be handwritten or typed. A wil
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