1. The Will means a legal testamentary document made by the Testator for declaration and decision of his/her property which is carried into effect as a ownership to another person after the death of Testator.
2. The will has effect only after the death of the “Testator”.
3. The Person who gets the Property of the Testator/Testatrix after the death then he is known as “Legatee/ Beneficiary”.
4. The Succession to the Estate of Hindus are governed by Hindu Succession Act, 1956. In case of Muslims it is governed by Muslims Law.
5. The Succession to the Estate other that Hindus and Muslims are governed by Indian Succession Act, 1925.
6. The Registration of Will is optional as per Section 18 of the Registration Act, 1908.
7. The Male who makes a will is known as Testator. If it is made by Female then she is called as ” Testatrix”.
8. The Person who gets the Property of the Testator/Testatrix after the death then he is known as “Legatee/ Beneficiary”.
9. The term ‘ Legacy’ means a benefit passes under a will to the Beneficiary/ Legatee.
10. The Witnesses should sign the Will. Its called as Attestation.
11. The Administrator means a Person appointed by Competent Authority to Administer and manage the Property of the Deceased Person if no executor is appointed by Executor.
12. Executor means a person who is appointed by a Testator/ Testatrix to manage and Administer his will is known as “Executor”.
13. The Amendments made in will by the Testator/Testatrix is called as “Codicils”.
14. Privileged wills are made by Soldiers, Seaman, Airman/Copilot.
15. Unprivileged wills are made by the person other than soldiers, seaman, Airman/Copilot.
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