How to write a Will? Ft. Shaishavi Kadakia from Cyril Amarchand Mangaldas

Writing a will is an important step in financial planning. While earlier it was considered relevant only for older people or those with substantial wealth, the pandemic in 2020 has made many realize the importance of writing a will even at a younger age and regardless of one's net worth. In this episode, Satya Sontanam from Zerodha Varsity catches up with Shaishavi Kadakia of Cyril Amarchand Mangaldas to understand how to write a will in a few simple steps. If you want a comprehensive video covering everything about writing a will and related aspects such as probate, succession certificate, letter of administration, trust, and more—this is the video for you. Time Stamps 00:00 - Coming up 01:08 - Intro 02:18 - I am not rich. should I write a will? 06:22 - Difference between nomination and will 07:27 - What is the right age to write a will? 07:48 - Steps to write a will 10:33 - Who are different parties in a will? 11:18 - Should beneficiaries or executors know what is in Will? 12:17 - How to mention my assets in Will? 15:41 - What if I outlive the beneficiaries? 16:31 - Mentioning Guardian in the Will/Letter of Wish 19:54 - Mentioning Executor in the Will 21:47 - Mentioning house property in a Will 23:32 - Remuneration to executor 26:19 - Witnesses to Will 28:42 - Does a will need to be registered? 31:45 - where to save the will? 34:53 - Mentioning liabilities in the will 36:06 - How to avoid disputes in Will? 39:17 - Amending Will 40:33 - Can I write a will online? 42:38 - Asking parents to write a will 45:39 - Three points for easier transmission of assets 47:24 - Difference between Will and power of attorney 48:34 - How will assets be distributed if there is no will? 55:08 - Role of will in case of life insurance policy 56:53 - Residuary clause in Will 58:19 - When to get a probate/succession certificate for will? 1:04:25 -What is the letter of administration? 1:08:58 - Family settlement 1:10:38 - Is it mandatory to get a probate? 1:16:29 - Timeline to challenge a will 1:18:02 - Estate Tax in India 1:18:19 - Will for a HUF. 1:20:12 - Difference between Trust and Will 1:32:09 - Will for foreign assets / NRIs 1:37:19 - outro Learn more about investing and finance here: https://zerodha.com/varsity/modules/ Other Important Links You can put your stock market knowledge to the test by taking the Varsity Certification test here: https://zerodha.com/varsity/certified/ Social Media Twitter -   / zerodhavarsity   LinkedIn -   / varsity-by-zerodha%c2%ae   Instagram - https://www.instagram.com/zerodhavars... Varsity Newsletter - https://zerodhavarsity.substack.com/ Audio Podcast (Spotify) - https://open.spotify.com/show/6tCBkWt... Audio Podcast (Apple) - https://podcasts.apple.com/us/podcast... #analysis #investing #finance #stockmarket #financialeducation #varsity #zerodha #will #legal #estate #property Featured Playlist Beginners Guide to Personal Finance    • Mutual Funds Investing: A Step-by-Step Guide