August 27, 2014 Leave a comment
NSDL e-Governance Infrastructure and Warmond Trustees and Executors have gotten together now to offer will-making services to the masses through their website EzeeWill.com.
India witnessed an exponential rise in the number of rich people following the economic boom that started in early 2000 and continued for more than seven years. The recent economic revival after the slowdown for more than five years is likely to boost disposable incomes, leading to a growing demand for succession planning.
NSDL, which maintains pension accounts of over 70 lakh Indian citizens apart from depositories like tax information network, is managing the online infrastructure to submit relevant data, while Warmond has engaged a panel of lawyers to study the data and prepare the wills for all communities across India.
The cost of making a will through this new online channel will be Rs. 4,000, whereas a traditional form of will-making through lawyers will cost anywhere between Rs 25,000 and Rs.1,00,000.So this initiative makes available a proposition at one-fifth the cost even at a lower-end.