PASS ON YOUR WEALTH AND

WISHES TO YOUR FAMILY

Make your Will, your own way.

Will
Note: Please download and transfer this e-Book to your laptop/desktop to fill the details.
 Preface

You spend most of your time to earn well, invest wisely and build a secure nancial future of
your family.

But do you know that creating wealth is incomplete without proper succession planning?

A Will is an important legal document which can help you in passing on your hard earned wealth
and wishes to your family. It also helps you ensure all the assets and properties are distributed and
disposed off as per your wishes posthumous without any dispute or legal interference in the family.

80% Indians dont create a Will despite of the fact that a Will can be hand-written or typed on
a plain paper of any appropriate size and does not necessarily have to be registered.

Aegon Life has made writing a Will simpler, by introducing "iWill" - a simple, editable & customized
e-Book with legal Will format to help you make your Will your own way, at no cost.

Please refer the FAQs (Frequently Asked Questions) before making a Will.
Few Tips as are also available in this e-Book for you to refer them while filling the details.

Use iWill in 4 easy steps:

Fill the details in the Sign your Will and attest
1 3
editable Will by 2 witnesses

Keep it safe and inform

2 Take a print out 4
your family

Will
 My Will

1. I,I <mention
<mention your
your full
full name
name here>,
here>, son/daughter/wife
son/daughter/wife ofof <mention
<mention their
their full
full name
name here>,
here>, of
of age
age
<mention your current age here> years, with date of birth <mention your date of birth in
DD-MMM-YYYY>,
DD-MMM-YYYY>, of of <mention your religion
religion <mention your here> religion
religion here>,, inhabitant
inhabitant of
of city
<mention youryour
<mention city city
here>,
here>, presently
presently residing
residing at
at <mention
<mention your
your complete
complete address
address here>
here> do
do hereby
hereby revoke all my
revoke all my
former Wills, Codicils and Testamentary dispositions made by me. I declare this to be my last
former Wills, Codicils and Testamentary dispositions made by me. I declare this to be my last
Will and Testament.
Will and Testament.

2. I maintain good health, and possess a sound mind. This Will is made by me of my own
independent decision and free volition and have not been influenced, cajoled or coerced in
any manner whatsoever.

3. I own following immovable and movable assets / properties:

Assets / Properties Details

BankAccount
Bank Account11 For eg. account number, bank name and address
BankAccount
Bank Account22
Public
PublicProvident
ProvidentFund
Fund(PPF)
(PPF) For eg. account number, bank name and address
EmployeeProvident
Employee ProvidentFund
Fund(EPF)
(EPF) For eg. account number, employer name
PensionAccount
Pension Account/ /NPS
NPS For eg. account number, bank name and address
ResidentialProperty
Residential Property11 For eg. property address
Residential
ResidentialProperty
Property22
Bank/Post
Fixed Ofce
Deposit 1 Deposit 1 For eg. account number, bank name and address
Bank/Post
Fixed Ofce
Deposit 2 Deposit 2
BankLockers
Bank Lockers For eg. account number, bank name and address
Shares
Shares For eg. name of companies, no. of shares
Bonds
Bonds For eg. name of companies, no. of bonds
SavingCertificates
Saving Certicates For eg. name of companies, no. of saving cerificates
InsurancePolicy
Insurance Policy11 For eg. policy number, name of insurance provider
InsurancePolicy
Insurance Policy22
DematAccount
Demat Account For eg. account number, bank name and address
MutualFunds
Mutual Funds/ /SIP
SIP11 For eg. account number, funds information
MutualFunds
Mutual Funds/ /SIP
SIP22
Ornaments/Jewelry
Ornaments/Jewelry For eg. 100 grams of Gold
ClubMemberships
Club Memberships For eg. membership number, club name and address
DigitalAsset
Digital Asset11 For eg. email accounts, facebook account, cloud accounts
DigitalAsset
Digital Asset22 For eg. digital devices, digital media files
Others
Others

Page 1 of 3
4. Following are my liabilities:

Liabilities Details
HomeLoan
Home Loan For eg. account number and lender name and address
PersonalLoan
Personal Loan
Vehicle
VehicleLoan
Loan
EducationalLoan
Educational Loan
CreditCard
Credit Card11 For eg. card number and bank name
CreditCard
Credit Card22
PersonalDebts
Personal Debts For eg. lender name and amount borrowed/due
Others
Others

5. All the assets owned by me are self-acquired properties. No one else has any right, title,
interest, claim or demand whatsoever on these assets or properties. I have full right, absolute
power and complete authority on these properties, or in any other property which may be
substituted in their place or places which may be acquired or received by me hereafter.

6. I,I, hereby
hereby appoint
appoint <mention
<mention executors
executors full
full name
name here>,
here>, son/daughter/wife
son/daughter/wife ofof <mention
<mention their
their full
full
name here>,
name here>, of
of age
age <mention
<mention executors
executors current
current age
age here>
here> years,
years, with
with date
date of
of birth
birth <mention
<mention
executors date of birth in DD-MMM-YYYY>, of religion <mention executors religion here>, ,
executors date of birth in DD-MMM-YYYY>, of <mention executors religion here> religion
inhabitant of <mention executors city here>, presently residing at <mention executors
inhabitant of city <mention executors city here>, presently residing at <mention executors
complete address here> as the sole executor of this Will. He/She may relegate this function to
complete address here> as the as the sole executor of this Will. He / She may relegate this
any other person of his/her choice, if required or desired.
function to any other person of his / her choice, if required or desired.

7. II direct
direct my
my executor
executor to
to spend
spend such
such sum
sum as
as he / shedeems
he/she deemsreasonable
reasonablefor
formy
myfuneral
funeralexpenses
expenses
and other
and other obsequial
obsequial ceremonies.
ceremonies. He
He/She
/ Sheshall
shallnot
notbe
beliable
liableto
torender
renderany
anyaccounts
accountsininrespect
respectof
any
of anyamounts
amountssoso
spent
spent byby
him/her.
him / her.

8. I direct my executor to collect my properties and pay all my just debts, if any, due and owing by
me to anyone.

9. I also direct my executor to obtain probate, if necessary and pay and incur necessary costs,
charges and expenses in relation to the collection of my properties as well as for obtaining
probate and for any other necessary charges.

10. I declare herewith that after discharging all my liabilities, the remaining assets to be distributed
to Beneciaries as
as given
given below
below ozzr
or asas per
per Annexure
Annexure 1:1:

Beneciary Name & Relationship Proportion

For
1: eg. 1: <Full Name> - Spouse For eg. 30%
%
For
2: eg. 2: <Full Name> - Daughter For eg. 15%
%
For
3: eg. 3: <Full Name> - Son For eg. 15%
%
For
4: eg. 4: <Full Name> - Father For eg. 20%
%
5: eg. 5: <Full Name> - Mother
For %
For eg. 20%

Page 2 of 3
 Other Requests
For eg. I appoint my brother, <Brother's full name> as guardian of my minor child <Child's full
name> to supervise his/her financial and emotional needs, till he/she turns 18.

For eg. I appoint <Alternate Executor's name> as the alternate Executor who would act as
Primary Executor in case the later may not be able to handle the duties due to death, illness etc.

My previous Will if any, will be treated as null and void with the execution of this Will.
In witness whereof, I have hereunto set my hands on <mention date in DD-MMM-YYYY> at
<mention your city name>.

Signature of Testator

Full Name <Your Full Name>

PAN
Aadhaar/Any Photo ID <Your ID Number> Aadhaar <Your PAN>
PAN

<Mention
<Mentionyour
yourfull
fullname
namehere>,
here>,in
inour
ourpresence,
presence,signed
signedthis
thisinstrument
instrument after
after declaring
declaring to
to us
us that
that itit
isishis
his/her
/ herWill
Willand
andwe wenow
nowsign
signininhis/her presence
his / her andand
presence of each other
of each as witnesses
other as witnesseson the dayday
on the and
yearyear
and written above.
written above.

Signature of 1st witness

Full Name <1st witness Full Name>

Address <1st witness Address>
PAN
Aadhaar/Any Photo ID <1st witness ID Number> Aadhaar <1st witness PAN>
PAN
Date DD-MMM-YYYY
DD-MMM-YYYY Place <1st witness City>

Signature of 2nd witness

Full Name <2nd witness Full Name>

Address <2nd witness Address>
PAN
Aadhaar/Any Photo ID <2nd witness ID Number> Aadhaar <2nd witness PAN>
PAN
Date DD-MMM-YYYY
DD-MMM-YYYY Place <2nd witness City>

Page 3 of 3
 Annexure 1

(To be referred only in case of asset / property wise distribution to multiple beneciaries)

Assets / Properties Proportion Beneciary Name & Relationship

For eg.Account
Bank My Bank1Saving Accounts For eg. 50%
% For1:eg. 1: <Full Name> - Father
% For2:eg. 2: <Full Name> - Mother
For eg. 50%
For eg.Account
Bank My House2 at Mumbai % For
For eg. 50% 1: eg. 1: <Full Name> - Spouse
% For
For eg. 50% 2: eg. 2: <Full Name> - Daughter
For eg. My
Public House at
Provident New
Fund Delhi
(PPF) % For
For eg. 50% 1: eg. 1: <Full Name> - Spouse
% For
For eg. 50% 2: eg. 2: <Full Name> - Son
For eg. My Fixed
Employee Deposits
Provident Fund (EPF) % For
For eg. 50% 1: eg. 1: <Full Name> - Daughter
% For
For eg. 50% 2: eg. 2: <Full Name> - Son
For eg. MyAccount
Pension Insurance Policies
/ NPS % For
For eg. 100% 1: eg. 1: <Full Name> - Spouse
% 2:
Residential Property 1 % 1:
% 2:
Residential Property 2 % 1:
% 2:
Bank/Post Ofce Deposit 1 % 1:
% 2:
Bank/Post Ofce Deposit 2 % 1:
% 2:
Bank Lockers % 1:
% 2:
Shares % 1:
% 2:
Bonds % 1:
% 2:
Saving Certicates % 1:
% 2:
Insurance Policy 1 % 1:
% 2:
Insurance Policy 2 % 1:
% 2:
Demat Account % 1
% 2:
Mutual Funds / SIP 1 % 1
% 2:
Mutual Funds / SIP 2 % 1
% 2:
Ornaments/Jewelry % 1:
% 2:
 Frequently Asked Questions

Q 1: What is a Will?
Answer : A Will or Testament is a written legal statement by which a person, also known as the
Testator states his/her wish about distribution or disposal of his/her assets, properties etc. after
his/her demise.

Q 2: Who can write a Will?

Answer : A Will can be written by any person who is an adult i.e. 18 years of age and more; with
sound mind.

Q 3: Why one should write a Will?

Answer : A Will help you ensure all the assets, properties etc. are distributed or disposed of as per
your wishes posthumous without any dispute or legal interference in the family. It also ensure
that your wealth and wishes are passed on to your next generation/beneciaries without any
hassles.

Q 4: What will happen if I dont make a Will?

Answer : If an individual dies without a valid Will, then he/she is called as have died Intestate in
legal language. In this case his/her assets, properties etc. will be distributed by xed share
amongst the family members as per the succession law applicable to the deceased which may
not be as per your wishes and thus there could be chances of delay and disputes.

Q 5: How to make a Will?

Answer : We have made the process simpler by way of iWill - a simple, editable and customized
e-Book with legal Will format which can be lled over laptop/desktop.

The Will can also be hand-written on a plain paper of any appropriate size and doesnt not
necessarily have to be registered. However, a typed Will is recommended to avoid any ambiguity
arising due to hand-writing.

Q 6: Who are the parties to a Will?

Answer : A Will require the following parties to be involved.

a. Testator - An adult who makes and executes a Will.

b. Beneciary - The person, who is entitled to the asset/property under a Will. A beneciary can
be any family member, relative, friend and/or any charitable trust, community, religious body,
educational institution etc.

c. Executor - An adult who is appointed to look after, administrate and distribute the assets of the
testator, upon his/her demise. An executor can be any family member, relative, friend and/or
any professional agency. The executor can be one of the beneciary but its recommended to
nominate a 3rd person to avoid any disputes which may arise from other beneciaries.

d. Witness - An adult in whose presence the Testator signs or afxes his/her mark on the Will and
the said person signs or afxes his/her mark on the Will. The witness can be an executor but
should not be a beneciary.

Will
Q 7: What are the most important things to keep in mind while making a Will?
Answer : The testator while making a Will should take care of following points.

a. The testator, executor and witness must be an adult i.e. 18 years of age; with sound mind.

b. The testator can only mention the immovable properties/assets held in India and in his own
name. Thus it is advised to prepare separate Wills for assets held in India and foreign
country.

c. The testator should not mention any ancestral properties/assets held in India unless the
property or share in property has legally devolved upon the testator. In case of any property/
asset held jointly, a testator should mention his/her share only.

d. It should have complete information about name and relationship of beneciaries and details
of assets/properties to be distributed.

e. It should have complete information about the executor responsible for execution of Will.

f. It should be signed by the Testator and 2 witnesses, in presence of each other. The witness
should sign only once the testator put his/her signature.

g. Will can be revised or revoked by the Testator at any time as long as he/she is alive.

h. The testator should inform the executor and any of the beneciaries about the Will and place
where its kept. We recommend to use our iCare Book to record and share details of your all
personal and nancial information including your Will.
You may consult your chartered accountant or a legal advisor for any more information.

Will
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