Kachwala Misar & Co.

 Rakesh

 18 Years Exp

 Make A Codicil (Show More)

 Mumbai , Kalbadevi

 View Answers by this Partner (5)

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Information

Overview

A codicil is an instrument made in relation to a Will, explaining, altering or adding to its dispositions and is deemed to be a part of the Will. A codicil has to be executed and attested like a Will. A codicil is similar to a Will and is governed by the same rules as a Will.

A change can be in the form of addition, deletion or substitution of some clause or name or property or date etc, with a new one, or any other type of change that you wish to do in your Will. For this you cannot make these changes directly in the Will document, and if any alterations are seen in the Will document, it becomes void.

So how to make alterations to your Will?

Simple! You have to draft all the alterations, clearly mentioning each clause and the change done, in a separate document. This document is termed as Codicil in law. A Codicil can be made only to an existing Will, not to any future Wills. The Codicil is to be read as part of the Will and is considered as an extension of the Will.

What Should Be Included In A Codicil?

Now before you proceed to make your Codicil you have to understand what are the important details that are to be included in the document. You should mention the following details:

    The name of the Testator, the person who made the Will, his address, age and father’s name just as mentioned in the original Will.
    The date and place of making the Codicil.
    The clauses in the Will with the correct sub-clauses, sub-headings etc which the Testator wishes to amend or change. The Clauses to be changed should be exactly numbered as in the Will without giving space to any ambiguity.
    The new additions or deletions or substitutions that are to be incorporated into the Will.
    The exact places in the Will where the new changes are to be inserted.
    Signature of the Testator in the same manner as in the Will.
    Two witness signatures after the Testator’s signature is placed.
    A codicil need not necessarily be in a Stamp Paper, it can be written in a plain paper also
    The Codicil so made should be kept along with the Will.

Requirements To Make It Legally Valid

A Codicil becomes legally valid once it is drafted and signed by the Testator.
But always check for these details in the codicil:

    Testator in the Will and the Codicil should be the same. The signatures should match.
    Date of codicil should always be a date after the date of Will, and not a date prior to the Will.
    A Codicil should have the Section and Clause of the Will in the same format.
    Two witnesses should sign the Codicil.


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Name : Rakesh

Law Firm Name : Kachwala Misar & Co.

Country : India

City : Mumbai

State : MAHARASHTRA

Practicing Since: 2007

About Your Firm : We are a solicitor firm having practice domain of Arbitration, Civil, RERA, NCLT, property, Testamentary, Society, Revenue, drafting, documentation and Conveyancing.

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Subject :  Drafting a Will
Question :  Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?

Answer by Kachwala Misar & Co. :  Yes. But how do you demonstrate that you have right in the under construction property? I presume that you would have a allotment letter or registered agreement executed by the Builder/Developer in your favour. Please mention the details of the same also in the will.

Subject :  Cost of rental agreement
Question :  What is the total cost of rental agreement including stamp paper for rental in Hebbal apartment and how much time to send

Answer by Kachwala Misar & Co. :  Please share more details rather the ready reckoner rate. Stamp Duty would depend upon the Rent amount, License Period and the Security Deposit and only then the amount payable can be decided

Subject :  Power of attorney of house
Question :  My house is on name of my grandmother. There are no any nominee or will or power of attorney of house. There is only dastaveg of house which is on name of my grandmother. But she is no alive. What is the prosidure to make that property on name of my grandfather. There are no any proof of marriage.

Answer by Kachwala Misar & Co. :  Apply for Succession Certificate or heirship certificate from court.

Subject :  Power of attorney of house
Question :  My house is on name of my grandmother. There are no any nominee or will or power of attorney of house. There is only dastaveg of house which is on name of my grandmother. But she is no alive. What is the prosidure to make that property on name of my grandfather. There are no any proof of marriage.

Answer by Kachwala Misar & Co. :  Apply for Succession Certificate or heirship certificate from court.

Subject :  Registration of property
Question :  Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you

Answer by Kachwala Misar & Co. :  Sir, If your agreement value in the agreement is Rs 36 Lakhs then FIRST buyer will have to show the proof of payment of RS 36 lakhs and SECOND in your books of accounts the income received would be RS 36 lakhs and you will have to pay tax on that. In any case, you can register the property with consideration as Rs 27 lakhs and pay stamp duty on Rs 36 Lakhs.