mahan mahan (NIL) 27 April 2021

Will

whether a will can be made such that to

1. bestow powers to sell the assets during life time of the first beneficiary and

2. thereafter after the life of first beneficiary, to pass on the remaining unsold assets, including unspent money deposits to second beneficiary to be specified in the subject will of the testator

Reply Follow

Quick Summary

This discussion explores whether a will can be drafted to allow the first beneficiary to sell assets during their lifetime. It also questions if the remaining, unsold assets and money can then be passed to a second beneficiary after the first beneficiary's death. While one user believes this is possible through clear instructions in the will, another expresses concern that the first beneficiary might gain full control, with assets passing to their heirs instead.

3 Replies

SHIRISH PAWAR, 7738990900 (Advocate) 27 April 2021

Hello,

As per me yes, a person can mention in the will how his property will devolve between the beneficiary.

Sankaranarayanan (Advocate) 27 April 2021

Based on the statement in WILL it shall enforce

(Guest)

Hey,

I am a bit apprehensive about that. From what I understand once the first beneficiary accrues the assets vide your will, he will have all the say in the future of those assets. In the scenario that he has not sold them to someone else in his life time, you cannot dictate to whom it should go further on. It would further go on to his/her legal heirs or beneficiaries of his will.

I look forward to any corrections of my understanding from my seniors from the bar.