Perpetual succession is a legal arrangement to help you exit from your business or an organisation you have founded in the event of your death or retirement.

Seniors are usually more vulnerable to financial mistakes compared to people who have an active income source. So, they need to stay aware of some of the essential steps to avoid a problem at a later stage.

The Hindu Succession Act classifies heirs into two classes: Class 1 and Class 2, which are immediate and distant heirs, respectively. Without a will, each heir gets a share of the property.

Do your estate planning well in advance for a smooth transition of your legacy; here are some ways other than a will to pass on your inheritance.

An individual’s immovable or movable assets like a house, a car, cash, jewellery, shares, insurance policies, outstanding debts, etc., can be part of estate planning.