New Delhi: Preparing a Will is just a click away as brokerage firm HDFC Securities has launched an ‘e-Will' writing service.
“This is a first-of-its-kind service in India and enables individuals to easily draw up a tenable Will online with help from a legal firm,” HDFC Securities Managing Director Aseem Dhru told PTI.
A person can prepare a Will in an easy and hassle-free manner by registering on the Web site, he said, adding, a person has to give a list of assets and to whom one would like to bequeath them to.
“Our legal advisor would prepare a draft and send it to the creator for approval. Once it is approved, a tenable Will is prepared for the execution,” he said.
HDFC Securities, a subsidiary of HDFC Bank, has collaborated with a partner Legal Jini to offer this service.
The affordable doorstep facility would not take more than a week. Registration is insisted upon in case of assets over Rs 1 crore, he added.
“All this would come at a cost of Rs 4,000 with a guarantee of confidentiality of information,” he said.
There has been a tremendous response to this product and a large number of customers across the country are getting themselves registered because of the convenience factor, he said.
To begin with, he said, a ‘Do it Yourself Will Service' would be available to customers of HDFC Bank having customer base of 2.8 crore. HDFC Securities has 20 lakh users.
However, this service would be extended to non-HDFC Bank customers later as preparation of Will is a critical part of financial planning in the financial lifecycle of every individual, he said
Will-writing will add value and bolster the existing suite of products and services of the company, he added.