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When an HUF Karta dies, who becomes the new Karta? Can a daughter take over?
4+ day, 20+ hour ago (397+ words) Moneycontrol.com When an HUF Karta dies, who becomes the new Karta? Can a daughter take over? - Bank needs declaration for new Karta, no succession cert. Find the weak links After the death of the Karta of an HUF, who…...
India's wealth-management race is splitting into distinct segments
5+ day, 21+ hour ago (1627+ words) India's wealth-management industry is rapidly evolving as new boutique technology-led wealth management firms and brokers with massive scale are upending the existing order. To be sure, everyone is no longer chasing the same customer. Banks, fintech platforms, boutique wealth-tech firms…...
Family private trusts are gaining ground, but what does it cost to set up and maintain one?
1+ week, 5+ day ago (1024+ words) India is seeing growing interest in private family trusts, particularly among High Networth Individuals (HNIs) and Ultra High Networth Individuals (UHNIs), promoters and business families. The reasons go beyond wealth protection: succession planning, continuity of family businesses and managing assets…...
OPINION | The economic case for preserving India???s joint families
2+ week, 5+ day ago (784+ words) (Sanghnomics is a weekly column that tracks down and demystifies the economic world view of Rashtriya Swayamsevak Sangh (RSS) and organisations inspired by its ideology.) This basic assumption has contributed to a grave economic crisis in the global economy, as…...