WILL – Simplify the inheritance
A ‘Will’ is one of the most known testamentary documents which is used in bequeathing the estate of a person. A ‘Will’ is a written document that allows individuals to direct the way their inheritance would be maintained and divided after their demise. It is a legal document by which a person expresses his/her wishes […]
Probate
‘Probate’ means a copy of ‘Will’ certified under the seal of the court of competent jurisdiction with a grant of administration of the estate of the testator. The Probate establishes genuineness of the Will and gives authority to the Executor to administer the estate in terms of the Will. A probate is mandatory if the […]
Intestate Succession – Hindu Female Estate
Hindu Succession Act, 1956 provide rules for the succession of property of hindu female who had died intestate. Any property possessed by a female Hindu, whether acquired before or after the commencement of the Hindu Succession Act, shall be held by her as full owner thereof and not as a limited owner. Property of Hindu […]
Intestate Succession – Indian Christians
Every law of Succession defines the rules of distribution of property in case a person dies without making a Will. The property of an intestate devolves upon the wife or Husband or upon those who are of the kindred of the deceased. The rules for Succession among the Christians have been codified under the Indian […]
Intestate
Intestate refers to not having made a Will. A person who dies without leaving a Will is called an intestate person and the property which is not bequeated is called intestate property. When a person dies without testamentary document no clear instructions are left behind by a deceased person with respect to the administration of […]
Intestate Succession – Hindu Male
The Hindu Succession Act, 1956 is an Act relating to the succession and inheritance of property of the Hindu who had died intestate. This Act is applicable to the intestate succession of the estate of the Hindus, Buddhists, Jains, and Sikhs. The Act has made separate rules for the inheritance of estate of Hindu male […]
Financial Security for Special Child
Financial security for oneself and family members is of paramount importance in one’s life, and people work hard to create wealth and provide for the welfare of their families. The need to provide such financial security becomes a little more complex for parents of children with special needs. Such children require greater financial support to […]
Family Trust
A “Trust” is an obligation annexed to the ownership of the property and arising out of a confidence reposed in and accepted by the owner or declared and accepted by him, for the benefit of another or of another owner. (Sec 3 of Indian Trust Act, 1882) The person who reposes and declares the confidence […]
Right Of Inheritance – Who Will Decide?
Right of Inheritance – Who will decide? People work hard to earn money to meet their needs and create wealth. Life will be easier and more stress free because wealth gives people a sense of security. Wealth is important not because of wealth per se, but because of the purpose for which such wealth is […]
Why Estate Planning?
Estate Planning is “ the process of making proper arrangements for the protection, Preservation and Provision of a person’s assets for the benefit of his/her family and loved ones after his/her time”. It encompasses maintaining and enhancing of financial security, standard of living and welfare of the intended class of beneficiaries. Many people are of […]
