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Succession (Plan, Retirement)

Power of attorney can wield significant powers on the principal’s behalf. However, their decisions can be revoked, challenged, or restricted : Power Of Attorney Can Be Revoked? What Power Does It Wield?

Can A Power Of Attorney Be Revoked? What Power Does A POA Wield?

BY Outlook Money

Will In estate planning is a most solemn document known to law. Only by making a will, one can ensure the devolution of the estate. : Will In Estate Planning And When To Drafting One %%sep%% %%sitename%%

What Is The Importance Of A Will In Estate Planning And What Should Be Considered When Drafting One?

BY Meghna Maiti

A will helps post your death to declare the heir and avoid family disputes post-death. However lets know what to do if you die intestate. : What Happens To Your Property If You Die Intestate? %%sep%% %%sitename%%

What Happens To Your Property If You Die Intestate?

BY Outlook Money

Understand that A ‘Will’ Is Not The Only Way To Pass On Your Legacy, and other factors of estate planning well in advance are necessary. : A ‘Will’ Is Not The Only Way To Pass On Your Legacy

A ‘Will’ Is Not The Only Way To Pass On Your Legacy

Who are the Legal Heirs Under The Hindu Succession Act of 1956. It defines the succession rights for Class I and Class II heirs. Read More : Legal Heirs Under The Hindu Succession : Eligibility & Exemptions

Who Are Legal Heirs Under The Hindu Succession Act? Eligibility And Exemptions

BY Outlook Money

A Power Of Attorney ensures your family is protected from unnecessary disputes over your wishes regarding finances, etc., after your demise. : Power Of Attorney And Why You Need It? 3 Things To Consider

What Is A Power Of Attorney And Why You Need It? Three Things To Consider

BY Outlook Money

You can prevent disputes in the family by making a succession plan for your business. Read More Here. : What Is Succession Planning And Why Is It Important?

What Is Succession Planning And Why Is It Important?

BY Outlook Money

In legal parlance, we need to understand the difference between will and nomination to see whether Will Supersede Nomination. Read More : Does A Will Supersede Nomination? %%sep%% %%sitename%%

Does A Will Supersede Nomination?

People nowadays get alerts from banks and mutual funds to add a nominee to their account. Learn more about adding a nominee to your property. : How Do You Add A Nominee To A House Property?

How Do You Add A Nominee To A House Property?

Every individual with a large amount of assets is confused about what mode to choose between Will Vs Trust for correct estate planning. : Will Vs Trust: Which Option Should You Pick For Estate Planning?

Will Vs Trust: Which Option Should You Pick For Estate Planning?

BY Outlook Money

A gift deed is a good way for senior citizens to organize and distribute their property among their family with minimum dispute. Read More : What Is A Gift Deed? Under What Conditions Can It Be Revoked?

What Is A Gift Deed? Under What Conditions Can It Be Revoked?

BY Outlook Money

When a person dies without a Will, legal heirs must produce a legal heir certificate to settle insurance claims, bank accounts, etc. : Legal Heir Certificate, When Required And How Do You Get One?

When Is A Legal Heir Certificate Required, And How Do You Get One?

When an individual dies without a Will, the succession laws apply to transfer the deceased person’s assets to the legal heirs.

Who Are Legal Heirs? 5 Things You Need To Know

BY Outlook Money

Financial Lessons Seniors Should Teach Their Children as it is much more important than the other legacies you plan to leave behind for them. : Financial Lessons Seniors Should Teach Their Children

Financial Lessons Every Senior Should Teach Their Children

What Is The Right Time To Make A Will is a common question asked. However, here are some important points to include in the will. Read More : What Is The Right Time To Make A Will? Details on What To Include

What Is The Right Time To Make A Will, And What All Can It Include?

Discover the 5 things to hand over to your legal heir before death. Ensure a smooth transition of assets and affairs with this crucial guide.

5 Things You Must Hand Over To Your Legal Heir Before Death

Lets know the difference between a nominee and a legal heir and to solve the misconceptions they have. Since, both concepts are separate. : Difference Between A Nominee And A Legal Heir %%sep%% %%sitename%%

How Are Nominees Different From Legal Heirs?

The Bombay High Court has upheld a lower court’s decision to revoke two gift deeds executed by a woman after her son refused maintenance.

Can Parents Revoke Gift Deeds If Children Refuse To Take Care Of Them?

BY Outlook Money

A Will is a legal document that authorizes another person to execute his plans after death. Will plays an Important part In Estate Planning. : Will Important In Estate Planning And How To Create One?

Why Is A Will Important In Estate Planning And How To Create One?

The Supreme Court, on September 1, 2023, said that children/Child From ‘Invalid Marriage’ are entitled To Claim Share In Parents property. : Child From ‘Invalid Marriage’ Is Entitled To Claim Share In Property

Children From An ‘Invalid Marriage’ Are Entitled To Claim Share In Parents’ Properties; Learn More

Lets understand why Estate Planning Is Important And How Should You Do It. Read the 5 reasons mentioned to understand its importance.

Why Estate Planning Is Important And How Should You Do It

Lets understand What Is Power Of Attorney, and what are their Roles, benefits and risks that comes with the responsibility. Read More

What Is Power Of Attorney? Role, Benefits And Risks

Here are some important reasons why estate planning should be a continuous process and reviewing and updating your estate plan is necessary. : Estate Planning Should Be A Continuous Process %%sep%% %%sitename%%

Why Estate Planning Should Be A Continuous Process

How Should Single People Plan Their Inheritance?

Why Do Retirees Need To Hurry And Make An Inheritance Plan?

5 Things That Senior Citizens Must Mention In Their Will

Review Your Will Before It’s Too Late

These Documents Are A Must To Avail Pension If EPS 95 Pensioner Dies

BY Outlook Money

How Can Legal Heirs Claim Life Insurance Policy Proceeds?

BY Outlook Money

5 Reasons Why Group Travel Is Beneficial For Senior Citizens

BY Meghna Maiti

The National Pension System (NPS) has fast emerged as a popular retirement investment option for a vast majority of Indian citizens. Besides the tax benefits under Section 80C of the Income-tax Act, 1961, there are separate incentives available under other sections, too.

Here’s How Nominees, Heirs Can Claim NPS Benefits If Subscriber Dies Prematurely Or Intestate

BY Neelanjit Das

5 Things To Keep In Mind While Making A Succession Plan

BY Meghna Maiti

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