wealthymatters

Intestate Succession As Per The Hindu Succession Act,1956

March 27, 2013 21 Comments

wealthymatters.com

The Hindu Succession Act,1956 applies if the intestate is Hindu,Buddhist,Jain or Sikh but doesn’t automatically include scheduled tribes.It also includes legitimate or illegitimate children,if one of his/her parents is Hindu,Buddhist,Jain or Sikh.It also includes converts and reconverts to these religions.

When a Hindu male dies intestate i.e.without a will, and has not married a non-Hindu,the right of succession first devolves upon the Class 1 heirs, if any,shown in the diagram to the left. If even one such heir exists, all other relatives who do not fall within this category are excluded automatically.If there are several Class 1 heirs, then there are certain rules as to how they will share the properties amongst themselves. Read more of this post

Filed under Theory, Tool Kit Tagged with agnates, Class1 heirs, Class2 heirs, cognates, dying without a will, escheat, husband inheriting woman's property, Indian Succession Act 1956, inheritance, inheriting the property of a woman, intestate succession, legal heirs, no will, order of succession, postaday, succession among Hindus

My Apologies

March 25, 2013 8 Comments

wealthymatters

My blog was wrongly flagged as violating the WordPress terms of service and suspended.Hence it was offline for about a day.

I’m sorry if you have been having trouble accessing my posts during this time.

Filed under Tidbits Tagged with postaday, suspended WordPress blog, Wordpress terms of service

Self Esteem – Billionaire’s Key To Success

March 24, 2013 1 Comment

“All the successful people I knew in life had high self-esteem and all the losers had low self-esteem.”- Bill Bartmann

Bartmann was born one of eight children. His parents were uneducated and so could not get well-paying jobs. As a child he had to move frequently and was even turned out of dwellings because they were deemed unfit for human habitation.He was once part of a travelling carnival. Also he was at one time a high school dropout. He was a teenage alcoholic and a member of a teenage gang called known as the Manor Boys.

When Bartmann was growing up his self-esteem was low. He gives credit to his childhood sweetheart, Kathy, for opening his eyes to this fact. Read more of this post

Filed under Entrepreneurship, Theory, Tool Kit Tagged with Bill Bartmann, Bill Bartmann Self Esteem Workbook, billionaire, Katy Bartmann, key to success, postaday, self esteem

So How Safe Are Bank Deposits?

March 23, 2013 4 Comments

wealthymatters

If you thought that by ensuring that you kept your money in scheduled banks only and in a way that the deposits were fully covered by deposit insurance, your money would be safe,think again.

Its not impossible that what is happening in Cyprus could happen to you too.You can catch up with the Cyprus story here:Link

Apparently this is not the first instance of a deposit levy.Here are some other examples:

1.In July 1992 Italy’s Socialist Prime Minister Giuliano Amato imposed a one-off levy of 0.6% on bank accounts.And again there are calls to repeat the action in Italy to tackle the national debt. Read more of this post

Filed under Paper Assets Tagged with capital levy, Cyprus deposit levy, Italy capital levy, offshore accounts, postaday, safe offshore accounts, safety of bank deposits

How To Identify Real Currency Notes

March 18, 2013 Leave a comment

Given the huge quantity of ISI printed 500 and 1000 Rupees floating around,here’s how you can protect yourself from loss and hassles at the bank by inadvertently accepting fake notes: