Dear Learned Friends,
My friend's mother owns liquid assets in the form of bank deposits and Demat holding of shares in companies through Depository Participant and intends to write a will.
She wants to divide the assets equally among her children and create life interest for her children in their respective portion after which she wishes the assets to pass on to their own children i.e., the will maker's grand children.
Would you kindly advise if life interest can be created in assets of dynamic nature by a Will if so can someone be kind enough to share a draft of such Will please.
Thanks,
Aravind
