Sunday, December 3, 2023
  • Login
Samarth Community
Advertisement
  • Home
  • Health
  • Travel
  • Lifestyle
  • Inspiration
  • Home & Family
  • Money-matters
  • Food
  • Retirement
No Result
View All Result
  • Home
  • Health
  • Travel
  • Lifestyle
  • Inspiration
  • Home & Family
  • Money-matters
  • Food
  • Retirement
No Result
View All Result
Samarth Community
No Result
View All Result
  • Home
  • Health
  • Lifestyle
  • Inspiration
  • Home & Family
  • Money-matters
  • Travel
  • Food
  • Retirement
Home Money-matters

Have Seniors Made Their Will Yet?

Insights from Samarth's Community Pulse!

0
SHARES
204
VIEWS
Share on FacebookShare on Twitter

Every week we at Samarth Community, conduct a short survey with seniors. Topics of the survey range from financial matters, to health and well-being. Based on the responses we get, we derive insights and share them with our community. If you also want to be part of this process, sign up here.

Last week we asked seniors their thoughts on Wills, and if they have made one yet. Given below are some of the insights we derived from their responses:

  • A significant number of seniors (45%) said that the seniors should consider preparing a will after the age of 70. Interestingly, trends since the second wave of the covid-19 pandemic has revealed that more and more people are preparing their wills much earlier than usual, as it is always good to stay prepared.
  • Almost all of our seniors(95%) reported that they have either made their will, or intend to have it made very soon. It is important for a will to be legally tenable for it to serve it’s purpose. It is also considered good practice to update one’s will after every 4 or 5 years if needed. While it is not legally required to register a will in India, doing so adds another layer of security to your will.

join now

Join Samarth Community

₹100 per month (payable annually)
Use Coupon 50NOW to avail 50% off on subscription
Samarth membership gives you access to discounts, programs and services.

Join Now >

 

37% of respondents said they are not aware of how their assets will be distributed if they do not leave a will behind. In this video, a legal expert talks about what will happen if an individual passes away without having a testamentary succession plan. Click here to watch the video

 

 

 

 

 

 

We asked seniors if they plan on making a living will, and a large majority (72%) of them revealed that they either already have, or are planning to, make a living will. However, we found that 1 in 4 seniors were not exactly aware of what a living will was.

 

 

 

 

  • A living will is a healthcare directive, in which people can state their wishes for their end-of-life care, in case they are not in a position to make that decision. The Supreme Court of India, in a landmark judgement in 2018, upheld the legality of a ‘living will’.
  • When we asked seniors who have not created their will yet on why they haven’t done so, the most common answer that we got was that they were unaware of how to start the process of making their own will. Our YouTube channel contains a lot of videos in which experts answer many such questions related to wills, check them out here if you’re interested, and don’t forget to subscribe!

We asked seniors if they wanted to share their own suggestions/thoughts to fellow seniors about making wills, and these are some of the responses we received:

  • Have an executor named, preferably a close friend or a trusted family member who knows you for a few years.
  • Making a will is necessary so that your children do not fight after you leave this world. You may think that they are all on good terms with each other but after your death you never know what can happen as money is the cause of all fights in this world.
  • The subject of living wills should be publicized and made into a law. The whole process is cumbersome and needs to be changed.
Tags: assetsEstate PlanningSeniorssurveyWill
Previous Post

Important Information Seniors Must Know About Will-Making

Next Post

5 tips to help keep you out of the doctor’s office

Related Posts

Nurturing Digestive Wellness
Food

वरिष्ठ नागरिकों के लिए डाइजेस्टिव हेल्थ को बेहतर बनाना

Nurturing Digestive Wellness
Food

Nurturing Digestive Wellness

Top 5 senior-friendly tech products
Health

वरिष्ठ नागरिकों के मानसिक स्वास्थ्य और शारीरिक कल्याण के लिए तकनीक

पोस्ट दिवाली ब्लूज
Home & Family

पोस्ट दिवाली ब्लूज

Beating the Post-Diwali Blues
Home & Family

Beating the Post-Diwali Blues

The Chettinad Heritage and Cultural Festival 2023
Entertainment

An aarti playlist is just what you need

Next Post
5 tips to help keep you out of the doctor’s office

5 tips to help keep you out of the doctor’s office

Stay Connected

  • Trending
  • Comments
  • Latest
Gayatri Mantra – It’s Importance & Power

Gayatri Mantra – It’s Importance & Power

Understanding Estate Planning

5 Ayurvedic herbs that help you age better

6 Easy Exercises to Improve Balance and Agility in Seniors!

6 Easy Exercises to Improve Balance and Agility in Seniors!

The Power of Alagiri Nandini

The Power of Alagiri Nandini

senior passport

How To Get A Senior Citizen Passport

travel

5 Must-See Places In India For Seniors

6 Ways To Make The Home Safer For Seniors

6 Ways To Make The Home Safer For Seniors

Yashpal Mehta, Chairman, Samarth Community Council

Yashpal Mehta, Chairman, Samarth Community Council

Nurturing Digestive Wellness

वरिष्ठ नागरिकों के लिए डाइजेस्टिव हेल्थ को बेहतर बनाना

Nurturing Digestive Wellness

Nurturing Digestive Wellness

Today’s Bulletin-15-07-23

Today’s Bulletin

Top 5 senior-friendly tech products

वरिष्ठ नागरिकों के मानसिक स्वास्थ्य और शारीरिक कल्याण के लिए तकनीक

Samarth is India’s no.1 senior citizen organization, serving 30,000+ senior citizens across India.

Follow us

Facebook Twitter Instagram

Browse by Category

Health
Travel
Lifestyle
Inspiration
Home & Family
Money-Matters
Food
Retirement

Menu Bar

Community
Join
Events
Videos
Senior Living
Samarth Store
Magazines
Hello zindagi
Tours

Quick Links

Member Checker
In the Media
Privacy Policy
Refund & Cancellation
Advertise with us
Terms of Use

© Copyright 2023.  Samarth Community.

WhatsApp us