Wealth is of two kinds:
Ancestral – Properties handed down through generations and Self acquired – Properties acquired through self-earned money.
In the event of ancestral properties the Will has very limited role to play. However in self acquired properties, the Will is the sole ground to distribute the property as per the written wish of the person who has acquired the property i.e. Testator.
We need a Will to ensure the acquired assets go to the person as per the wishes of the Testator.
Read More:- Watertight Will