HDFC Securities launches 'e-Will' writing service

Preparing a Will is just a click away as brokerage firm HDFC Securities has launched 'e-Will' writing service.

A person can prepare a Will in an easy and hassle-free manner by registering on the website, he said, adding, a person has to give list of assets and to whom one would like to bequeath them to.

"Our legal advisor would prepare draft and send it to the creator for approval. Once it is approved, a tenable Will is prepared for the execution," HDFC Securities said.

HDFC Securities, a subsidiary of HDFC Bank, has collaborated with a partner Legal Jini to offer this service.

The affordable door-step facility would not take more than a week. Registration is insisted in case of assets over Rs 1 crore, it added.

"All this would come at a cost of Rs 4,000 with a guarantee of confidentiality of information," it said.

To begin with, he said, '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 life cycle of every individual, it said

It is also important for customers to take a detailed look at the fine print and make sure there are enough privacy safeguards, so that their sensitive private data is not accessible to anyone but their legal heirs



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