The FinTech Hub
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…
Source: Live Mint My father, a Hindu, passed away last month. In his will, he left some real estate in Mumbai and Nashik to my sister and me. I understand that a probate is required for the property in Mumbai, but I am unsure if it is needed for the Nashik property as well. Could…
Source: Live Mint The date of acquisition for the property inherited by you from your father will be the date on which your father had purchased the property. The cost and date of acquisition for a capital asset acquired under a will or as a gift, will be the cost and the date for which,…
Source: Live Mint I’m in my 50s and looking to draft my Will. I expect to inherit some assets from my parents, which may include their flat and financial holdings, after their passing. Can I include these future assets in my Will now, or will I need to make a new Will after I inherit…
