Leaving your wealth to your loved ones is a wonderful gift, but do you wish to leave them in a tangle of paperwork as well? There is one company, which has developed a specialisation that makes it stand out from a mass of lawyers for whom succession planning is a minor area of work 

The clichéd story in India regarding problems due to lack of succession planning and Wills is about the legendary Dhirubhai Ambani. Mr Ambani was a brilliant man who planned for all adversities in his lifetime but not for a smooth succession after death. He left no valid Will which led to one of the most bitter and public fights between his two sons.

It is a poignant reminder that even the greatest of minds can commit basic blunders. The moral for everyone - young or old - is the will to do your succession planning and a Will. But drafting a Will and succession planning, including estate handover is a minor area of work for most of the legal fraternity. This is the reason people find themselves at sea, while drafting or making a Will.

The solution is standardised Wills, at a fraction of the normal cost, delivered over the Internet. It's InstaWILL, the fast, online solution of Warmond Trustees and Executors Pvt Ltd. According to Sandeep Nerlekar, MD and CEO of Warmond, "Small loopholes in the Will can cause bigger problems. We have a professional team that comprises experts from (the) investment, banking and legal (professions) who can provide specialised tailor-made advice and solutions in estate planning and a Will. We are serving a market that is overlooked by lawyers busy with lucrative corporate law practice.

Moreover, we made a decision to stay away from wealth management so that it does not dilute our business purpose," said Mr Nerlekar.

Anyone who wants to make an InstaWILL can log into warmond.co.in and send their instructions to Warmond's team of experts. The team then reviews it and sends a customised draft through an email to the customer, who after checking the same can take a printout and sign. Warmond offers free custody of the Will for one year.

Apart from InstaWILL, Warmond also provides tailor-made solutions on succession planning, which include Will-writing services, executor services, trust formation and trust-management services, document safe custody services, escrow services, real-estate management and other auxiliary services. — Moneylife Digital Team