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Trust vs will: which is better for passing on wealth?
3+ hour, 12+ min ago (922+ words) For many families, writing a will feels like the final step in estate planning. It names heirs, lists assets and records how the estate should be distributed. But for families with properties across states, children settled abroad or beneficiaries who…...
FD holder dies without nominee or will? Here's how families can claim the money
2+ day, 2+ hour ago (655+ words) Life is highly unpredictable, and sometimes it throws challenges at us that we are completely unprepared for. One of the most difficult experiences anyone can face is losing a loved one. During such emotionally overwhelming moments, dealing with financial paperwork…...
Death doesn't end income tax liability: Who is responsible for paying a deceased person's tax dues?
6+ day, 23+ hour ago (456+ words) When a taxpayer dies, their income tax dues and financial affairs do not simply disappear. Income earned before death remains taxable, while pending tax filings and outstanding demands must still be dealt with. This raises an important question for families…...
India's wealth boom has a problem: 84. 8% of households do not have a will, study finds
1+ week, 6+ day ago (481+ words) As the nation continues to witness one of its largest intergenerational wealth transfers, a new study by 1 Finance Magazine has uncovered a significant gap in household financial planning, and the concern is that most Indians are working to build wealth…...
How the stress is building in real estate globally, explained in five charts
2+ week, 3+ day ago (300+ words) In China, the slump has not only led to sharply declining house prices but also the collapse of major property developers like Evergrande. Economists are drawing parallels between the Chinese real estate market today and Japan's economy in the 1990s, which…...
Digital living wills: a guide to costs, steps, trends and risks of advance medical directives
2+ week, 6+ day ago (1037+ words) When a 57-year-old woman in Bengaluru was diagnosed with cancer a few years ago, the possibility of entering remission prompted her to think practically about life ahead. Her elder daughter lived in the US, while her younger daughter was in…...
Family feud over inheritance? Here's how to avoid years of litigation
3+ week, 9+ hour ago (470+ words) While court proceedings are sometimes unavoidable, every reasonable effort should be made to settle differences before they escalate. As you have recognized, litigation is a costly route to resolving an inheritance dispute " financially, emotionally and reputationally. As differences have already…...
No "Will? The crucial need for succession planning among modern women
3+ week, 3+ day ago (539+ words) Mint No "Will? The crucial need for succession planning among modern women For a Hindu woman dying intestate (without a Will), the legal line of succession depends entirely on the asset's origin'specifically distinguishing between self-acquired and inherited property As women…...
. .. 4 months just to find bank accounts: Redditor on fathers death; Experts share how to organise records
3+ week, 3+ day ago (385+ words) A Reddit post about a family struggling to trace a deceased father's investments has sparked conversations online about an often-overlooked aspect of financial planning, which includes organising and communicating important financial information to family members. In the post, uploaded a…...
Want to benefit from stock market volatility? Start a Trust. | Stock Market News
1+ mon, 19+ hour ago (948+ words) In the sleepy world of trust planning, the topsy-turvy stock market is creating big tax-savings opportunities. While irrevocable trusts are permanent structures, the assets within them are flexible and can be swapped at any time with different similarly valued assets'a…...