Will is as important for a person not owning a lot of assets as compared to a wealthy person owning a lot of assets. There is no specific time for making a Will. A person may make it any time after he attains 18 years of age. Following are a few good reasons of having a Will in place:
(i) To distribute one’s assets as the testator may deem fit as per his wishes and not as per applicable succession laws;
(ii) To avoid any dispute in family with respect to distribution of assets after the testator’s death;
(iii) To save time and money by gaining access to the assets as per the Will of the testator instead of going through court procedure for succession; etc.