Will

I, Mr…………………………. residing at …………………. Being of Sound Mind and capable of understanding the effect of the proposed disposition of my property and other Assets by WILL and declare this to be my Last Will and Testament. I also hereby revoke all my former WILLS AND TESTAMENTS, CODICIAL OR ANY OTHER TESTAMENTARY WRITINGS made by me heretobefore. 

1. I am married and have ……………….. children from my wife ………….. the family consist of ……. Sons 1) …………… 2)…………….., 3)…………. & 4)…………… and have two daughters namely ……………………… They are all married and all are living independently in their own flats/house.

2. I hereby appoint, as my Executors and Trustees of the WILL, the following persons, who have consented to this appointment :

(a) Mr………………
(b) ………………….
(c) Mr………………

The Executors shall have right to appoint another Executor in replacement of any Executor, expiring or being unwilling at any stage to act as such. The majority of the ruling of the Executors will be binding.

3. Many consider the writing of a WILL to be a sad event. I do not consider it to be so, as Life full of joy and happiness. I would like my family to remember those treasured moments of happiness, rather than be mourn my ………. I am really indebted to my Guru Shri ………………….., who has given me so much, which defies any other substitute, my happiness is only because of  …………….. I am therefore writing this WILL gratefully recalling my abiding Association with him, and while writing this WILL, I am not to a mean extent, inspired by him.

4. I own property both residential and Commercial, have Commercial Interests in various Business activities, have investments in joint Stock Companies Stock and Shares, Funds in Fixed Deposits with Public and  Private Companies and Individuals, National Savings Certificates, Unit Trust of India, Public provident Fund, Funds in various Banks, Cash etc. which is well documented and as per details reflected in the succeeding paragraphs. I have no liabilities and do not owe any thing to any one.

5. I own a residential property at ……………. This property has an annexe with ……… each floor having a separate flat. I own the Flat on the ……. Floor apart from the main residential complex comprising of ……….. and ………. Floor and ………… Garages, besides having the exclusive ownership rights of the entire property. The Flat on the …….. floor in the Annexe has been presently given on Rent to ………….. Bank …..…, on a monthly rent of Rs……… along with a deposit of Rs…………… The said Deposit of Rs………… along with another Rs……….. (Total ……..) On expiry of the lease should the contract with ………….. Bank be not renewed, the said deposit of Rs…………….. should be returned to ………. Bank. Further, I bequeath the said Flat to my Grand Children ……….………… and ……………. My ………………..……. Sons, Shri…………….. and Shri ………… will act as the Trustee of this property till the children become of maturity age namely ……. Years. Neither Shri ……………… & Shri …………………. Or my grand children namely ……………. And ………… shall sell the property which will be exclusively available to the said Grand children for their personal residential use.

6. I further bequeath the ……… floor of my House (Main Complex) to a Public Charitable Trust by Name “…………………….”  At……………. I fervently hope that every member of my family will devote himself in carrying out the Objects of the TRUST. The Trust will have ……. Trustees, namely……………………… Mr…………., Mr…………….., Mr…………. and Dr………….. The ……. Floor of my house is to be exclusively used for carrying out the activities of the ‘Trust’ mentioned above, and which not in any way hamper the peaceful enjoyment of the rest of the property. Rear Admiral …………….. will be Managing Trustee.

7. I further bequeath the …… Floor of my house …………. Also to the said Trust but to be effective only after the demise of my wife Smt…………………… should she service after my death. It is clarified that if I die earlier, my wife Smt…………… will have the full right and title to stay in the Flat as per her sole wish. If she wishes to stay alone she would be within her exclusive right to do so, and if she wants any of her children namely son or daughter, it will purely to her sweet will. She will be entitled to stay in the Flat till her demise, but will have no RIGHT or AUTHORITY to give it to any one else. Out of my other assets, a ……….. car should also be placed at disposal of my wife for her exclusive use and driver kept for the purpose. The salary of the Driver should be paid from my ‘CASH’. My wife is also to be paid a sum of Rs………… p.m. for her maintenance, latest by the ……. of every month and without her asking any one for it. This is my humble request to the Executors to please particularly take care of it. In case of illness of my wife in my absence, the total medical expenses are to be paid from my account of ‘……………………’ She being a partner of the Firm …………………. Can also draw funds from her personal capital account for the purpose i.e. if at any time there is a shortfall in my Cash A/c. of ……………………. The above provisions will immediately come into effect after my demise.

8. Of the ………... Garages owned by me at ……………………… Annexe I bequeath Garage No……. to  Mr…………………, my eldest son, Garage No. 2 Mr………………….. Garage No. ……. My other son Mr……………….

9. I further bequeath the bequeath the ownership rights of the entire property at ………………. Including the Annexe to ………………. And Smt……………….. Trust. On the …….. floor, there is …… room in which my ……….. used to stay during his visit to ………. I have converted that room in the ………………….. It is absolutely independent from the school which Trust securing in the name ‘…………………..’ At no time and under no circumstances that ………….. room will charge and the trust will maintain the room without any right or title on the said ……………….

Not only the Trust have right over the said room but my ……………. Also will have absolutely no right title and interest. But it will be there moral and legal responsibility to maintain the sanctity of the ……………….

Commercial Property and Commercial Interests.

10. I own Industrial Gala No…….. at ……………………. I hereby bequeath this property to the partners of ………………. And my youngest daughter in law, Mrs…………………….. in equal shares, the ……. Partners being my wife Smt……………… my daughter in law Mrs………………… and my youngest Son…………………. The intention  being to augment the infrastructure of the Firm known as ……………….. as witnessed by ‘DEED OF PARTNERSHIP’ dated ……………, as also to my youngest daughter in law, Mrs……………… so as to ensure her participation and creation of interest  in this business.

11. I am also carrying on a ………………. Business in partnership with my son ………………. in the name and style of M/s…………………………., which I hereby bequeath to my Son Mr…………………… and my Daughter in law Mrs……………. including and Quota Allotments, but EXCLUDING CASH in equal share, not withstanding the Partnership arrangements witnessed in Partnership Deed. They both will be equal proportion of ……..% each.

12. It is earnest desire that my ……… sons Mr………………… and Mr……………. who are along with their mother and my eldest Daughter in Law, Mrs…………….. are currently carrying on with the ………………. Business, should continue to do so not only after my demise but also that of my wife so that this enterprise can remain a symbol of the family. It is in this context that I have consciously and deliberately involved the Spouse of my Youngest Son Mrs………………….. so that at least these two facilities remain together at all times.

13. I have firm namely ‘……………’ Sewing Machine Division, situated at …………… I took my son Mr……………………., a working partners, allowing him ……. % Share in the Business and Kept to my self only ……….%. No Capital of his was taken in the business and he has only been working as a working partner without any right or title in the business. Since I am now in the Twilling of my life. I bequeath my entire interest in the Partnership of M/s……………………. Division to my Grand Sons Masters ………. And ………….., who are the sons of ……………….. This ‘Interest’ includes the Good will of the said Firm. Tenancy right and all cash lying to the credit of my account with the above firm. I request the Trustees of this WILL to ensure that these ‘Interests’ of Grandsons …………… and ………………, are safeguard to the fullest extent as I apprehend that my son …………………. May not be able to do so. To assist them in carrying out this responsibility, they may consider seeking the assistance of my two other sons namely ………….. and …………. Individually or jointly as per their own discretion and not as a matter of compulsion. I would further like to clarify that the Firm ‘………………………’ will solely and absolutely belong to ……….. family and no one under any circumstances will claim any right or share in the said business.

14. I would also like to clarify at this stage that I have already during my life time given my son Mr…………………. both property and other Cash etc. Similarly, I have also given due wealth to my two daughters Mr………………. and Mrs…………….. as deemed appropriate by me and during my life time. Thus none of the ……. Children mentioned above will have any further claim to any part of my estate or wealth.

15. I also have a PPF Account No……………..  with ……… Bank at …..………….. my daughter Mrs…………………… is the nominee and this amount of PPF belongs to her only, which I hereby bequest to the joint holder totally and absolutely. After excluding the specific bequeaths mentioned above, I hereby bequeath all my residential wealth to all my grand children, whether those of my Sons or Daughters in equal share.

16. I would once again like to reiterate that even though for the last few days I had been keeping indifferent health, yet I am possessed of my senses and faculties and that I have made by this WILL consciously and full and complete understanding. The Original copy of this WILL is left with in the safe custody of Mr………………….. with a Documented copy with my wife. On my demise, a copy of this WILL is to be given to each Beneficiary.

IN WITNESS WHERE OF I hereby set my hands this day of……….20……

SIGNED AND ACKNOWLEDGED BY THE		)
WITHINNAMED …………………….. AS LAST		)
WILL AND TESTAMENT IN THE PRESENCE		)
OF US, PRESENT AT THE SAME TIME,			)
WHO AT HIS REQUEST AND IN THE			)
PRESENCE OF ACT OTHER, HAVE			)
SUBSCRIBED OUR NAMES AS WITNESS		)

WITNESSES :
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