List of the Different Types of Will Document
Privileged Will document:
1. Privileged Will can be made by any soldier, Navy persons or airman who wishes to dispose of his or her property during the time of his/her employment.
2. Refers to an expedition, engagement in real warfare or a mariner being at sea.
3. The soldier should be over 18, i.e. when making the will.
Unprivileged Will document:
1. Under the section 66 of the Indian Succession Act,
unprivileged Will can be generated by any person who is not employed as a marine, soldier, or airman.
2. The testator of unprivileged will has to abide by the overall requirements of a valid Will.
Contingent/ Conditional Will document:
1. Contingent or Conditional Wills is formulated to take effect if a specific condition mentioned before.
2. If the defined conditions become against to law, then the Will is not enforceable legally.
Joint Will document:
1. It is an instrument that grants permission to two or more persons to make a conjoint Will.
2. It can be useful only after the death of both or either of the testators; however not when both of them are alive.
3. A Will which is made by two or more than two testators as a single document serves on the death of each. It is effective for two or more Wills.
4. The beneficiary becomes entitled to the properties of the testator who dies.
Mutual Will document:
1. Mutual Wills exist when two testators make each other their respective beneficiaries.
2. In case if the legatees are different from the testators, the Will is not considered as mutual.
Duplicate Will document:
1. A testator can make a duplicate Will to assure safety, of which he or she keeps one and other is kept secure with the executor or in a bank.
2. Any kind of damage to the copy of will with the testator leads to cancellation of both Wills.
Concurrent Will document:
1. Concurrent Wills is used by a testator to dispose of some his property in one country and some in some other country.
2. In such matters, both the Wills are considered valid despite the ‘last Will’ theory.
Sham Will document:
1. The intention of the testator is recognised as one of the crucial features of a valid Will.
2. If a will is made as per following all the legal formalities against the intention of the testator and if it showed that it was done for some collateral object without the consent of the testator, the will is called as a sham will.
3. Such a will is considered illegal in the eyes of the law.
Holograph Will document:
1. When the testator prepares the whole will be his hand, it is known a Holograph Will.