Will - beneficiary with life interest using movable assets?

Querist : Anonymous (Querist) 16 September 2026 This query is : Resolved
Hello, is it legal to specify, in a Will, that the beneficiary, having life interest, shall be allowed to make use of and dip into the movable assets, for daily needs, medical exigencies, and other necessities? Kindly share important citations in this regard too.

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It is perfectly legal to include a clause in your Will granting a beneficiary a life interest in movable assets. This clause can specifically allow them to use or 'dip into' the principal for essential needs like daily living expenses, medical emergencies, or other necessities. This type of provision is legally recognised and can be framed in various ways, such as a 'Life Interest with Power of Consumption'.

T. Kalaiselvan, Advocate (Expert) 16 September 2026
As per law, it is completely legal for a testator (the person making a Will) to grant a life interest in movable assets (such as bank deposits, shares, mutual funds, or personal effects) while explicitly authorizing the beneficiary to invade or consume the corpus/principal for specified necessities, medical emergencies, or daily living needs.
This testamentary disposition is often legally framed as a Life Interest with Power of Consumption/Encroachment or an Absolute Interest over Income with a Limited Power of Alienation/Consumption of the Principal.

Dr. J C Vashista (Expert) 18 September 2026
Yes it is perfect and valid.
You may search for citation, which is not provided on this platform.

P. Venu (Expert) 22 September 2026
What are the facts? What is the context?

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