If you're all set to make a will and think that all you need to do is merely download the form, fill in the details and lo! its ready, you could be mistaken. While making a will is not a herculean task in itself, there are quite a few things you could have missed out on inadvertently that could lead to major hassles later.

I've heard of horror stories associated with wills and inheritances. Here's taking a look at some of the potential problems that could crop up in the will that you create. Beware!

Drama 1: A common one - one child depriving other children of their rightful share. I have seen this happen, especially when the other children did not know about the existence of the asset. Also there have been cases where the 'other children' are magnanimous to let it happen.

Either they are too old and weak to fight, or they are worried about the fact affecting their relationship. In case you wish to ensure that your kids do not deprive their siblings of the money, make sure you say it in your will, loudly!

Drama 2: “My brother is not even bothered about my father, I have to look after him, and so his house in Santacruz should belong to me.” Excellent thought. But sister, did you know that as soon as the sun rises after your father’s funeral your brother can go to court and claim 'undue influence'?

Especially now that the flat is worth Rs. 1.7 crores! Though it sounds 'justified', giving all your assets to one child who took care of you may not be a great idea.

Pay the 'caretaking' child a nice salary – after all you would have paid similarly to a full time nurse. Wouldn't you? Lets say you think your 'sacrificing daughter' deserves a salary of Rs. 30,000 a month – that will amount to Rs. 3,60,000 a year, and for five years that will amount to only Rs. 18 lakh, not Rs. 1.7 crore as she claims!

Drama 3: Will my second wife leave all the assets to the children of my first wife? If you are into 'TV serial kind of relationships' or a simple second marriage, ensure that the children of the first wife, the first wife, the second wife, and the children of the second wife are not in any kind of a financial 'joint relationship'.

It does not work. Simple, but true. You need to separate them – and your will has to be well drafted.

Drama 4: Your daughter wants to move in with you to look after you. How noble! But after three months she asks you to make her a joint owner in your property. You do not like it, but grudgingly you oblige. Your daughter is of course a sweet heart. And she cannot say no.

In fact she had 'forgotten' to tell you that she is a guarantor to her 'artist' son’s TV serial venture which ran aground two years back. Wondering if the bank would start chasing you? You bet!