Introduction
In Raipur and across Chhattisgarh, more people are realizing the importance of estate planning not just for the wealthy but for anyone who owns property, savings, or family assets. Unfortunately, many still believe that simply writing a note or naming a nominee in a bank account is enough to transfer assets smoothly after death.
In reality, the law treats Wills and Nominations very differently, and understanding the difference can save your family from years of legal disputes and emotional stress.
Whether you’re a business owner, salaried professional, or retired individual in Raipur, knowing how Simple Wills, Registered Wills, and Nominations work will help you plan your estate clearly and securely.
1. What is a Simple Will?
A Simple Will is a written document in which a person (the testator) declares how their property, money, and assets should be distributed after their death.
Key Features:
- Can be written on plain paper (no stamp paper needed).
- Must be signed by the testator and witnessed by two people.
- Can be changed or revoked anytime during the person’s lifetime.
Pros:
- Easy and inexpensive to prepare.
- Offers flexibility to modify at any time.
2. What is a Registered Will?
A Registered Will is one that’s formally registered with the Sub-Registrar Office under Section 18 of the Indian Registration Act, 1908.
Key Features:
- The testator visits the Sub-Registrar Office (Raipur) along with witnesses.
- The document is verified, and an official record is kept.
- The original Will is returned, and a copy remains with the Registrar.
Pros:
- Very hard to dispute carries strong legal authenticity.
- Safely stored in official records (reduces risk of loss or tampering).
3. What is a Nomination?
ANomination is not a Will it only allows a person to receive assets temporarily after the holder’s death. The nominee acts as a trustee, not an owner, unless the Will or succession laws give them ownership rights.
Where It Applies:
- Bank accounts, insurance policies, mutual funds, lockers, etc.
Key Point:AWill overrides a nomination. If the nominee and heir are different,the Will prevails legally.
Conclusion
For residents ofRaipur and Chhattisgarh, understanding the difference between a Simple Will, Registered Will, and Nomination isn’t just a legal matter it’s an act of financial responsibility.
While a nomination helps with quick access to funds, only a Will decides who ultimately owns your property. And when that Will is registered, it becomes a rock-solid legal document that protects your intentions and your heirs’ rights.
In short, write your Will, register it if possible, and update your nominations regularly because clear documentation today prevents confusion tomorrow.
– Written and Edited by – Shruti Goyal (B.A.LL.B)
