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Easily Create Last Will

Last Will and Testament is a legal declaration of the intention of a person with respect to his/her property, after passing away. IndiaFilings offers online Will drafting services from Rs.2899/-

Easily Create Last Will

From Rs.2899 /- all inclusive fees
EMI: Rs.259 for 12 months*

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Create a Last Will

Will is a legal declaration of the intention of a person with respect to his/her property, which the person desires to be carried into effect after his/her death. In addition to disposing property, Will can be made for appointing executors, creating trusts and for appointing guardians of minor children. Will can be changed and modified multiple times during the life of a person. Also, Will is a confidential document and it can never be ordered to be produced.

When a person dies without having made a Will, he/she is said to have died intestate. The property of the person is then inherited by his/her legal heirs in accordance with the law of inheritance applicable. Hence, to ensure there are no disputes post death, its is important to write and maintain Will during the life of a person. You can create a Will online from the comfort of your home through IndiaFilings.com starting from just Rs.2899/-

Reasons to Create a Last Will

Last Will & Testament

Last Will is an important legal document declaring intention of a person with respect to property after death.

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Financial Security

Last Will can be used to provide financial security to certain people in the family who have special financial requirements.

Easy and Online Process

Last Will can be created from the comfort of your home easily online through IndiaFilings for just Rs.2899/-.

Appoint Guardian

Last Will can be used to appoint Guardians for minor Children in case of passing away of both parents.

Distribution of Property

Last Will is the only way to distribute property as per ones wish after death. If there is no Will, property is distributed as per Inheriatance Laws.

Identity and Address Proof

Identity and address proof will be required for all directors and shareholders of the company to be incorporated. In case of Indian nationals, PAN is mandatory. For foreign nationals, apostilled or notarised copy of passport must be submitted mandatorily. All documents submitted must be valid. Residence proof documents like bank statement or electricity bill must be less than 2 months old.

Registered Office Proof

All companies must have a registered office in India. To prove access to the registered office, a recent copy of the electricity bill or property tax receipt or water bill must be submitted. Along with the utility bill, rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted.

Documents Required for Proprietorship Registration
How many people are required to start a Proprietorship?
Only one person is required to start a Proprietorship and a Proprietorship can have only one promoter.
What are the requirements to be a Proprietor?
The Proprietor must be an Indian citizen and a Resident of India. Non-Resident Indians and Persons of Indian Origin can only invest in a Proprietorship with prior approval of the Government of India.
What are the documents required to start a Proprietorship?
PAN Card for the Proprietor along with identity and address proof is sufficient to start a Proprietorship and obtain other registration, as applicable or required.
What is the capital required to start a Proprietorship?
There is no limit on the minimum capital for starting a Proprietorship. Therefore, a Proprietorship can be started with any amount of minimum capital.
How will IndiaFilings help me start a Proprietorship?
An IndiaFilings Associate will understand your business requirements and help you start a Proprietorship by obtaining the relevant registrations. IndiaFilings will help obtain the necessary registrations to help the Proprietor open a bank account in the name of the business, thereby proving an identity for the business.
How to open a bank account for a Proprietorship?
To open a bank account for a Proprietorship, Reserve Bank of India mandates that the proprietor provide two forms of registration for the Proprietorship along with the PAN Card, identity proof and address proof of the Proprietor. The two forms of registration can be any two of the following: service tax registration, MSME registration, VAT/TIN/CST registration, shop & establishment Act registration, Professional license, Chartered Accountant certificate or others as provided in the RBI Know Your Customer norms.
Will my Proprietorship firm have a separate legal identity?
No, the Proprietorship firm and the Proprietor are one and the same. The PAN Card of the Proprietor will be the PAN Card of the Proprietorship business.Therefore, there will be no separate legal identity for the business. The assets and liabilities of the Proprietorship business and the Proprietor will also be one and the same.
Will my Proprietorship firm have a Certificate or Registration?
Proprietorship firms do not have a Certificate of Incorporation or Certificate of Registration. The identity and legitimacy of a Proprietorship firm is established by registering with the relevant or applicable Government authorities.
How to register the name of a Proprietorship?
There is no registry or regulation for the registering the name of a Proprietorship. Therefore, proprietorship firms can adopt any name that do not infringe on registered trademarks. Since there are no registry or regulation for registering the name of a Proprietorship, the only way to ensure exclusive use of the business name is to obtain a trademark registration of the business name.
How can I transfer my Proprietorship?
A business operated by proprietorship firm cannot be transferred to another person, unlike a Limited Liability Partnership or a Private Limited Company. Only the assets in the Proprietorship can be transferred to another person through sale. Intangible assets like Government approvals, registrations, etc., cannot be transferred to another person.
Can other people invest in a Proprietorship?
Proprietorship firms are business entity that are owned, managed and controlled by one person. So Proprietorship firms cannot issue shares or have investors.
What are the annual compliance requirements for a Proprietorship?
Proprietorship will have to file their annual tax return with the Income Tax Department. Other tax filings like service tax filing or VAT/CST filign may be necessary from time to time, based on the business activity performed. However, annual report or accounts need not be filed with the Ministry or Corporate Affairs, which is required for Limited Liability Partnerships and Companies.
Is audit required for a Proprietorship?
It is not necessary for Proprietorships to prepare audited financial statements each year. However, a tax audit may be necessary based on turnover and other criterion.
Can I later convert my Proprietorship into a Company or LLP?
Yes, there are procedures for converting your Proprietorship business into a Company or a LLP at a later date. However, the procedures to convert a proprietorship business into a Company or LLP are cumbersome, expensive and time-consuming. Therefore, it is wise for many entrepreneurs to consider and start a LLP or Company instead of a Proprietorship.
SIMPLE & TRANSPARENT PRICING

Basic

Rs.2899/-
all inclusive fees
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Last Will drafted and vetted by an expert at IndiaFilings based on your wishes.

From Rs.2899 /- all inclusive fees
EMI: Rs.259 for 12 months*

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From Rs.4899 /- all inclusive fees
EMI: Rs.437 for 12 months*

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Premium

Rs.9899/-
all inclusive fees
CHECKOUT

Last Will drafted and vetted by an expert with unlimited changes over lifetime.

From Rs.9899 /- all inclusive fees
EMI: Rs.884 for 12 months*

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How we help with will execution process

IndiaFilings.com can help you create and execute a last will and testament easily.

Free Consultation

Got questions? Request a call from an IndiaFilings Business Advisor.

Let's talk!

Complete Online Form

Fill out a simple online form providing details about yourself, beneficiaries and property - for drafting Will.

Preparation of Will

Based on your wishes and requirement, Will is drafted by an expert, vetted and sent to you.

Execution of Will

Will is executed by you in the presence of witnesses. Our experts are available for support, if required.


Free Income Tax eFiling

We have made the Income Tax eFiling, simple and easy. File your income tax return online with the dedicated Tax Experts support from IndiaFilings.


Authorised eReturn Intermediary

IndiaFilings.com (ERI ID: ERIA100945) is an Income Tax Department authorised eReturn Intermediary.



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