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Format of declaration -beneficiary of a Will

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P K SHODHAN

MANAGER

26 Points Posted on 05 September 2021

What is the format of Undertaking to be taken from a beneficiary who is receiving money pursuant of a Will of the deceased person so as to close all future claims to the Will ?. Is the undertaking to be taken on a Stamp Paper?

Any other format to be signed by the beneficiary for Income tax purpose other than as required by Law ?

Replies (2)

Quick Summary

This discussion explores the required format for an undertaking from a Will beneficiary receiving funds. It clarifies whether the undertaking needs to be on stamp paper and if any additional forms are necessary for income tax purposes. The conversation also touches upon indemnity bonds and probate requirements depending on whether a nomination was submitted.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121521 Points Posted on 06 September 2021

If nomination was submitted, just indemnity Bond on Rs. 200/- stamp paper is sufficient.

Otherwise get 'Will' Probation.

P K SHODHAN

MANAGER

26 Points Posted on 06 September 2021

Thank you for the reply, Sir.

My query was whether there is an undertaking to be taken from the beneficiary by the executor in complete discharge of the terms of Will? If yes, can give a suggested format, please. Regards.