The FinTech Hub
Source: Live Mint I am a textile merchant and I want to plan my estate in a way that it protects my wife, parents, and daughter after my death. What are the different things I should look out for? Planning your estate ensures your assets are protected and your family’s future is secure. Here are…
Source: Live Mint What legal steps can my family take if someone challenges my will? -Name withheld on request Drafting a will is a time-tested and widely used method of succession planning, enabling individuals to transfer their assets to chosen beneficiaries in a manner they deem fit. A will allows you to clearly define the…
Source: Live Mint How do I plan the smooth transition and safety of the estate that I have accumulated over my lifetime? -Name withheld on request The initial step in estate planning involves a thorough assessment of one’s assets and liabilities. This entails cataloguing all properties, business interests, investments, bank accounts, and personal possessions that…
Source: Live Mint Estate planning is essential for ensuring the well-being of loved ones and safeguarding wealth for future generations. While many perceive it as a task for the wealthy, having a robust estate plan is crucial for anyone who wishes to secure their family’s future. Wills and private family trusts are two primary tools…
Source: Live Mint Preserving family wealth and ensuring business continuity across generations is intricate and involves legal, financial, and strategic considerations. Recent survey insights reveal a growing appreciation among affluent Indian families for the importance of this essential endeavour. Succession planning: An imperative Succession planning is not merely about deciding who inherits what; it is…
Source: Live Mint I want to prepare my will and donate everything to charity instead of leaving it to my children. I am 68 years old and a divorcee, with four children who are all well-off. Is there anything I should consider? —Name withheld on request We assume that the assets and properties owned by…
Source: Live Mint When tragedy strikes, the complexities of inheritance laws add another layer of hardship. This unexpected reality, often rooted in religious laws, underscores the importance of estate planning. For instance, a young Muslim widow may be left with just a fraction of her husband’s estate under Muslim inheritance law (Muslim Personal Law (Shariat)…
Source: Live Mint What legal mechanisms can parents consider in estate planning to protect the financial interests of their children with special needs? Estate planning goes beyond simply drafting a will; it allows you to plan comprehensively for your child’s future, including their financial security and care. This process is crucial for families with special…
Source: Live Mint That’s where a conditional will—one that lets you define how, when and under what circumstances your wealth is passed on—can make all the difference. Families are increasingly using such wills to ensure their plans hold firm even when life takes an expected turn. Conditional wills As the same suggests, a conditional or…
Source: Live Mint I am a 64-year-old widower with three adult children. One of them has a mental disability. I take care of her financial needs but worry about her future after my death, as she cannot manage finances independently. Can I create a structure during my lifetime to protect her interests when I am…
