Some contracts may provide that any modification of a will is an offence; other wills may be drafted in such a way that an offence does not occur until the breach of contract is breached. When planning the estate, consider the existence of a matrimonial contract. In order to avoid costly litigation in the future, parties can resolve any disagreement with the Prenup by using appropriate language to determine which document is a priority. Without mentioning the merits of the undervaluation procedure, Business Standard explains the legal status of a will and a family comparison contract, as well as the limits and obligations that accompany them. A marital agreement can be used to distribute the estate if a partner dies intestate. The intestinal effect is that if a person dies without a will or estate plan or the will he made was later annulled. In most cases, if a person dies intestate, the estate court will hold a mud to decide how his property is distributed. However, since the marriage agreement is a contract for the person`s property that was entered into during his or her lifetime, the court may use the marriage agreement to distribute the deceased`s property. The legally enforceable will A and a family contract are legally enforceable documents, provided the legal conditions for their execution are met.
A will was defined by the law of Section 2 h of the Indian Succession Act of 1925, to designate the legal declaration of the intent of a deceased or the person making the will to know how he or his property will be treated after his death. A person can only remove a property that he owns or must be disposed of at the time of death. The law behind wills becomes painful when many parties are not present, usually in cases where family members are limited. This occurred mainly after the Second World War, where many wills had no possible recipients, so fortune went to government. Wills are often confused with trust funds, but wills are only present in death, while trust funds are available during the period when the fund`s creator is still alive. A final will says that after his death, a deceased has the wishes of a deceased for his estate. The final will identifies the property of the deceased or deceased, as well as all beneficiaries who receive property after the death of the deceased.