Further, in case of assets held as co-owners, then only the undivided share or interest in such property can be bequeathed, and one may make a Mutual Will, wherein the spouse irrevocably bequeath the assets to the other spouse, especially, where the assets are held jointly.
In fact, where the assets are situated in a foreign country, then a separate Will should be prepared based on the applicable laws of the respective country. #1 Prior Preparation: The testator should decide as to whether to write down the Will by himself or to have it prepared through a lawyer (advisable, so as to avoid legal and technical glitches at a later stage), and prepare a list of all the assets (only self-acquired assets and not ancestral), situated in home country and foreign country and classify the assets into movable/immovable, nominations (if any) made in respect of immovable properties and/or movable properties (such as shares, bank accounts and other investments). Ideally, the testator should consider the following check-list for preparing the will:
A Will (usually in writing) is an instrument by virtue of which the testator (person preparing the Will) records his last wishes as to disposition of his assets upon his demise, which can only be enjoyed by the beneficiaries post demise of the testator.
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