What Is A Gift Deed? Under What Conditions Can It Be Revoked?
A donor makes a deed of gift to a donee under certain conditions, but any violation of the agreement could lead to its withdrawal or cancellation.
When Is A Legal Heir Certificate Required, And How Do You Get One?
When a person dies without a Will, legal heirs must produce a legal heir certificate to settle insurance claims, bank accounts, etc.
Who Are Legal Heirs? 5 Things You Need To Know
When an individual dies without a Will, the succession laws apply to transfer the deceased person’s assets to the legal heirs.
Financial Lessons Every Senior Should Teach Their Children
Do you know the financial lessons you teach your children are much more important than the other legacies you plan to leave behind for them?
What Is The Right Time To Make A Will, And What All Can It Include?
If there is no will after death, there can be several claimants to property, leading to legal disputes. So, instead of waiting for the 'right time', it should be readied with the start of one's career.
5 Things You Must Hand Over To Your Legal Heir Before Death
Senior citizens should relieve themselves from all financial obligations as soon as possible without waiting for their last breath.
How Are Nominees Different From Legal Heirs?
Sometimes, people are confused between nominees and legal heirs, and they have misconceptions that the nominee is someone who will inherit the investment after their death. However, the legal heir and nominee are separate entities in the eyes of the law.
Can Parents Revoke Gift Deeds If Children Refuse To Take Care Of Them?
The Bombay High Court has upheld a lower court’s decision to revoke two gift deeds executed by a woman after her son refused maintenance
Why Is A Will Important In Estate Planning And How To Create One?
A Will is a legal document that authorises another person to execute his plans after death.
Children From An ‘Invalid Marriage’ Are Entitled To Claim Share In Parents’ Properties; Learn More
The Supreme Court, on September 1, 2023, said that children born from an “Invalid Marriage” have rights to claim a share in parents’ property, both self-acquired and ancestral
Why Estate Planning Is Important And How Should You Do It
Estate planning may be emotionally taxing and technically complex, but its importance cannot be undermined because of the uncertainties in life
What Is Power Of Attorney? Role, Benefits And Risks
A “Power of Attorney” is a document that authorises a person to manage things and make decisions on somebody else’s behalf
Why Estate Planning Should Be A Continuous Process
The financial journey is dynamic. With the passage of time, you may witness several changes in your family set-up, income, expenses, wealth and financial goals. You must ensure that appropriate estate planning is in sync with your changing financial journey to protect the interest of your loved ones