You can now get a personalised Will and estate planning document prepared online by NSDL e-Governance Infrastructure. The new facilities, in collaboration with Warmond Trustees and Executors, will include executorship and trust services. The services offered would include setting up private trusts and acting as trustees for wealthy families.
Mumbai-based Warmond had entered into a collaboration with NSDL two years ago to float an online platform called Ezeewill, to prepare a Will.
A client who requires personalised Will will have the choice of holding discussions with an expert about his specific needs and seek guidance accordingly. With the introduction of the ‘executorship’ offering, Warmond extends its solutions on all estate planning matters. As a corporate executor, Warmond would take care of applying for and obtaining probate certificate, distributing assets to the beneficiaries in accordance with the Will, providing legal assistance in case of any dispute and payment of debt.
Under the online will offering, a Will can be prepared by taking few simple steps and for a fee. Once the client provides the requisite details, a draft is made, discussed with the client and the final Will is delivered to the client.
Gagan Rai, MD & CEO, NSDL e-Governance, said “We have been getting lot of requests from households to do something in the area of Succession Planning; hence, this initiative. As we all know, to write a Will is one of the most important decisions in one’s life.”
NSDL, which maintains NPS accounts of over 1.2 crore Indian citizens apart from having implemented projects like Tax Information Network, is managing the online infrastructure while Warmond has a panel of lawyers to prepare Wills and provide legal advice and assistance & other related services. The collaboration brings together the technology and e-governance capabilities of NSDL and legal expertise of Warmond.
Recently, Warmond acquired Julius Baer Trustees (India) Limited, formerly known as DSP Merrill Lynch Trust Services Limited (DSPMLTS).