Will News
The rights of insurance policy nominees need legal clarity
As recent court rulings show, ambiguity prevails over claims to the proceeds of life-insurance policies. Legislative action is needed to prevent family disputes between policy nominees and legal heirs.
4 min read13 Apr 2025Can your family inherit your wealth without legal delays?
With the right estate planning—through Wills, joint ownership, or private trusts—you can ensure your wealth reaches your family without unnecessary hurdles.
1 min read26 Mar 2025What is will and how it can protect your loved ones from financial stress
A will is a legal document outlining asset distribution after death, ensuring wishes are honored and preventing disputes. In India, a valid will is recognized under the Indian Succession Act, 1925, and can be modified anytime before death.
4 min read25 Feb 2025Will vs trust: Which one is right for my estate?
Estate planning goes beyond a simple will—it’s about long-term wealth preservation. While a will ensures clear inheritance, a trust offers greater control and protection.
2 min read11 Feb 2025Nominee: From trustee to owner–a case for legislative reform
As succession laws continue to evolve, the role of nominees in financial assets remains a point of confusion. With a clearer, more empowering approach, the government could simplify inheritance processes, reducing legal disputes and offering greater certainty to citizens.
4 min read23 Jan 2025Demystifying wills and trusts: A guide to secure wealth transfer
A will may be suitable for simple estates with straightforward asset distribution needs while a private family trust is ideal for managing substantial wealth. However, they complement each other and are usually used together.
4 min read14 Jan 2025How can I ensure my daughters receive assets only after turning 25?
You may consider giving interest in the assets to the executor of your Will till your daughters attain this age.
2 min read8 Jan 2025Can I claim a share of my maternal grandparent’s property?
Given the complexities of inheritance laws and potential disputes, it is highly advisable to consult with a lawyer.
2 min read3 Dec 2024A basic will may not always protect your family. Here's how a conditional will can help.
A conditional will lets you define how, when and under what circumstances your wealth is passed on. Families are increasingly using such wills to ensure their plans hold firm even when life takes an expected turn.
6 min read17 Oct 2024Wills and trusts: How blended families can navigate succession planning
In a world where money matters can result in disputes even between blood relatives, blended families have the tough task of ensuring a fair distribution of wealth to avoid disputes.
4 min read28 Aug 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared