News
When your nominee and legal heir are not the same person in your financial assets- Moneycontrol. com
5+ hour, 25+ min ago (455+ words) A complementary check for gaps and risk. Nominee does not become the legal owner In many financial products, the nominee is the person authorised by the concerned institution to receive the asset or the money once the holder of the…...
Securing future: When a trust is smarter than a will for your family- Moneycontrol. com
1+ mon, 13+ hour ago (791+ words) Estate planning is often viewed as a straightforward will, with many individuals relying on the document to outline how their assets should be distributed after death. But as family structures and financial situations become more complex, a will may not…...
How to plan the inheritance of digital assets
1+ mon, 1+ week ago (569+ words) Which digital assets can be inherited? Digital assets capable of inheritance broadly include any electronically stored property or rights that possess either economic value or legally recognisable interests. What does the law say in the context of inheriting digital assets?...
Is a handwritten note a valid Will? Here's what the law says
1+ mon, 2+ week ago (363+ words) Whether a handwritten note titled "Will" and signed by a parent on plain paper can be treated as a valid" Will after their demise. Today's Ask Wallet Wise query decodes the legal requirements for a Will under the Indian Succession…...
How to create a trust for a child with special needs
1+ mon, 2+ week ago (785+ words) If you're the parent of a child with special needs, "estate planning" probably feels like the wrong phrase. You're not thinking about who gets what. You're thinking about who will pay for therapy at 48. Who will approve a medical procedure…...
Can a legal heir claim an FD without being named as a nominee? Here's a guide
2+ mon, 1+ week ago (370+ words) When a fixed deposit (FD) holder dies without naming a nominee, families often assume the money is stuck or lost in legal complexity. Indian banking rules allow legal heirs to claim such deposits, provided they submit the right documents and…...
Why senior citizens should register will for smooth succession of stocks
2+ mon, 2+ week ago (317+ words) For uninterrupted succession of an assets to legal heirs or nominees, the original shareholder should make a valid will and get it registered - Why senior citizens should register will for smooth succession of stocks For uninterrupted succession of an assets…...
How to distribute proceeds from sale of property built or purchased by forefathers?
2+ mon, 2+ week ago (248+ words) Ask Wallet-Wise initiative offers expert advice on matters related to personal finance and money-related queries. You can email your queries to askwalletwise@nw18. com, and we will try to get a top financial expert to address. The sale of our ancestral…...
Estate planning when your child has special needs: What actually helps
2+ mon, 4+ week ago (698+ words) Most parents don't enjoy thinking about estate planning. For parents of children with special needs, it's even heavier. The questions aren't abstract or financial in the usual sense. They're deeply personal. Who will look after my child when I can't?...
What happens to your locked in investments after death
4+ mon, 1+ week ago (489+ words) When someone in the family dies, you can usually get to their bank accounts and deposits once the paperwork is in place. Locked-in investments are different. The money is there, but you cannot simply "break" them the way you might…...