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Why have a will

WinWin Wealth Creators - 9445296519
WinWin Wealth Creators - 9445296519
WinWin Wealth Creators - 9445296519WinWin Wealth Creators - 9445296519

Life has become increasingly uncertain with people having to battle increasing stress, accidents, and diseases. The impact of this is felt most seriously by single earner families. Not only do they have to cope with the sheer absence of a key family member and reduced income but what is really troublesome is obtaining access to what is theirs – the savings and assets of their family member. Just a quick look at a few uncertainties in an Indian’s life today

Why have a will

1 of 3
Download to read offline
Why have a Will – 1 of 3
Life is uncertain
Life has become increasingly uncertain with people having to battle increasing stress, accidents,
and diseases. The impact of this is felt most seriously by single earner families. Not only do they
have to cope with the sheer absence of a key family member and reduced income but what is
really troublesome is obtaining access to what is theirs – the savings and assets of their family
member.
Just a quick look at a few uncertainties in an Indian’s life today.
India tops the world in heart attacks among 35 plus men
http://indiatoday.intoday.in/story/india-tops-the-world-in-heart-attacks-among-35-plus-
men/1/154103.html
48% Mumbaikars at risk of heart attacks
http://timesofindia.indiatimes.com/city/mumbai/48-Mumbaikars-at-risk-of-heart-
attacks/articleshow/23127214.cms
Almost 25% of heart disease victims in India under 40
http://www.hindustantimes.com/Entertainment/Wellness/Almost-25-of-heart-disease-victims-in-
India-under-40/Article1-937480.aspx
'Being a vegetarian does not reduce risk of heart disease' - http://www.thehindu.com/todays-
paper/tp-national/tp-tamilnadu/being-a-vegetarian-does-not-reduce-risk-of-heart-
disease/article4441411.ece
India to have 13 lakh cancer patients by 2020
http://www.tribuneindia.com/2013/20130823/main5.htm
In India, Dengue Fever Stalks the Affluent
http://www.businessweek.com/magazine/content/10_39/b4196013896421.htm
India has the highest number of road accidents in the world
http://www.dw.de/india-has-the-highest-number-of-road-accidents-in-the-world/a-5519345
Every 3 minutes, an Indian dies in a road accident
http://www.hindustantimes.com/India-news/NewDelhi/Every-3-minutes-an-Indian-dies-in-a-
road-accident/Article1-894392.aspx
Create your Will to secure your peace of mind such that the uncertainties of life do not
Why have a Will – 2 of 3
Is anyone else aware of the assets you
have created?
Too often we have seen that even the person creating the assets is not fully aware of all them
– near and dear ones often have no clue leading to a lot of added stress at just the wrong time
for the family. Share your knowledge through your Will.
An indicator of the wealth that is forgotten and foregone is through these headlines
Rs. 26,000 crore left unclaimed in bank, provident fund accounts
http://articles.timesofindia.indiatimes.com/2012-08-10/india-
business/33136837_1_unclaimed-funds-provident-fund-epfo
Over Rs. 22,636 crore lying in operative accounts in EPFO
http://www.thehindubusinessline.com/government-and-policy/over-rs-22636-cr-lying-in-
inoperative-accounts-in-epfo/article4475236.ece
Unclaimed money is piling up
http://www.thehindubusinessline.com/industry-and-economy/banking/article3353429.ece
Unclaimed money in insurance sector
http://www.indiainfoline.com/Markets/News/Rs.3096-Crore-unclamed-money-in-Insurance-
Sector-Namo-Narain-Meena/5634210967
Why have a Will – 3 of 3
What happens if you do NOT make a Will?
If you do not make a Will, intestate laws apply. These intestate rules vary by gender and
religion.
For a Hindu married woman, for example, her parents are not Tier 1 heirs and highly probable
that they do not receive anything.
Make sure that you provide for those you want to take care of.
You could read about intestate rules for different religions as well as the specific case for
Hindu married women.
Hindu married male (The immediate family members who do not form part of Tier 1 heirs are
marked in red).
https://www.willsecure.in/HelpCenter.aspx#4A
Parsi married men/ women
https://www.willsecure.in/HelpCenter.aspx#4C
Christian married men/ women
https://www.willsecure.in/HelpCenter.aspx#4D
Women need Will power
https://www.willsecure.in/Blog/post/2013/09/19/Women-need-Will-power!

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Why have a will

  • 1. Why have a Will – 1 of 3 Life is uncertain Life has become increasingly uncertain with people having to battle increasing stress, accidents, and diseases. The impact of this is felt most seriously by single earner families. Not only do they have to cope with the sheer absence of a key family member and reduced income but what is really troublesome is obtaining access to what is theirs – the savings and assets of their family member. Just a quick look at a few uncertainties in an Indian’s life today. India tops the world in heart attacks among 35 plus men http://indiatoday.intoday.in/story/india-tops-the-world-in-heart-attacks-among-35-plus- men/1/154103.html 48% Mumbaikars at risk of heart attacks http://timesofindia.indiatimes.com/city/mumbai/48-Mumbaikars-at-risk-of-heart- attacks/articleshow/23127214.cms Almost 25% of heart disease victims in India under 40 http://www.hindustantimes.com/Entertainment/Wellness/Almost-25-of-heart-disease-victims-in- India-under-40/Article1-937480.aspx 'Being a vegetarian does not reduce risk of heart disease' - http://www.thehindu.com/todays- paper/tp-national/tp-tamilnadu/being-a-vegetarian-does-not-reduce-risk-of-heart- disease/article4441411.ece India to have 13 lakh cancer patients by 2020 http://www.tribuneindia.com/2013/20130823/main5.htm In India, Dengue Fever Stalks the Affluent http://www.businessweek.com/magazine/content/10_39/b4196013896421.htm India has the highest number of road accidents in the world http://www.dw.de/india-has-the-highest-number-of-road-accidents-in-the-world/a-5519345 Every 3 minutes, an Indian dies in a road accident http://www.hindustantimes.com/India-news/NewDelhi/Every-3-minutes-an-Indian-dies-in-a- road-accident/Article1-894392.aspx Create your Will to secure your peace of mind such that the uncertainties of life do not
  • 2. Why have a Will – 2 of 3 Is anyone else aware of the assets you have created? Too often we have seen that even the person creating the assets is not fully aware of all them – near and dear ones often have no clue leading to a lot of added stress at just the wrong time for the family. Share your knowledge through your Will. An indicator of the wealth that is forgotten and foregone is through these headlines Rs. 26,000 crore left unclaimed in bank, provident fund accounts http://articles.timesofindia.indiatimes.com/2012-08-10/india- business/33136837_1_unclaimed-funds-provident-fund-epfo Over Rs. 22,636 crore lying in operative accounts in EPFO http://www.thehindubusinessline.com/government-and-policy/over-rs-22636-cr-lying-in- inoperative-accounts-in-epfo/article4475236.ece Unclaimed money is piling up http://www.thehindubusinessline.com/industry-and-economy/banking/article3353429.ece Unclaimed money in insurance sector http://www.indiainfoline.com/Markets/News/Rs.3096-Crore-unclamed-money-in-Insurance- Sector-Namo-Narain-Meena/5634210967
  • 3. Why have a Will – 3 of 3 What happens if you do NOT make a Will? If you do not make a Will, intestate laws apply. These intestate rules vary by gender and religion. For a Hindu married woman, for example, her parents are not Tier 1 heirs and highly probable that they do not receive anything. Make sure that you provide for those you want to take care of. You could read about intestate rules for different religions as well as the specific case for Hindu married women. Hindu married male (The immediate family members who do not form part of Tier 1 heirs are marked in red). https://www.willsecure.in/HelpCenter.aspx#4A Parsi married men/ women https://www.willsecure.in/HelpCenter.aspx#4C Christian married men/ women https://www.willsecure.in/HelpCenter.aspx#4D Women need Will power https://www.willsecure.in/Blog/post/2013/09/19/Women-need-Will-power!