Q.3 : I am a mutual fund distributor wanted to make a will for me, need advice from you.

Response:

Thanks for your query.

Will is an important document – ideally consult a proper legal or investment adviser before preparing it.

Some of the points which should be kept in mind are as follows :

Nominee holds the assets in trust for the true legal heirs.
Nomination only eases the process of transfer of assets after death. It does not confer title on the nominee.
Only exception is the nominee of a life insurance policy who is the parent, spouse, or child of the policy holder
Every Individual should make a will specifying the beneficiaries for all their assets.
Nominations should match the beneficiaries under the will to avoid confusion.
Several online services are also available to generate a will.
Simple drafts are also available on the Internet.

For more details on advance preparation for death or disability for the main decision maker in a family, visit

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