I came across this in today’s Economic Times.It is a good article on what legal heirs need to do when a person dies intestate in India.
If there’s no will, there’s still a way
Sakina Babwani
The death of a loved one is the most dreaded thing that can happen to any family. It can get even more traumatic when the family realises that the deceased has not left a will behind. In such a situation, the family is usually left running from pillar to post, trying to gain access to the property which, in many cases, could be the only saviour from doom.
However, according to experts, the family can still get its due even in the absence of a will, provided it can get hold of a few documents. “A succession certificate and a copy of the death certificate should solve at least 95-96 % of your problem,” says Sivaramakrishnan, head of legacy planning, Altamount Capital Management . Read more of this post
Like this:
Like Loading...
Filed under Theory, Tool Kit
Tagged with assets, bank, bank accounts, beneficiary, certified copy, children, claim, claimant, company, court decree, court order, court settlement, crematorium, death, death certificate, debts, demat account, dematerialised, depositary participant, dividing assets, DP, estate, executing, fiduciary, gift deed, guardian, heirs, high court, hospital, immovable property, Indian Succession Act, inheritance, intestate succession, Investing, investments, joint holder, judicial proceeding, kin, legal heirs, letter of administration, magistrate, minor, mutual agreements, nominations, nominee, notarised copy, partition deed, petition, physical securities, postaday2011, probate, property, property ownership, RandomBlog2011, RBI Guidelines, refinance mortgage, registering, registrar of assurances, relatives, release deed, rent, securities, sell, shares, sole holder, spouse, sub registrar of assurances, succession, succession certificate, succession rule, supervision of the court, surviving joint holder, testament, transfer of shares, Trustees & Executors, Will, witness
The Difference Between Life Insurance And Life Assurance
May 21, 2013 2 Comments
Life Insurance provides you with insurance cover for a specific period of time (known as the policy’s “term”). Then, if you were to die whilst the policy is in force, the insurance company pays out a tax-free sum. If you survive to the end of the term, the policy is finished and has no residual value whatsoever. It only has a value if there is a claim – in that context it’s just like your car insurance!So Term Insurance is a Life Insurance product. Read more of this post
Share this:
Like this:
Filed under Paper Assets, Tool Kit Tagged with bonus, car insurance, claim, Endowment Plans, financial commentators, financial protection, Insurance, insurance company, insurance cover, Life Assurance, life insurance, Money-back Plans, mortgage, postaday, premium, premium paying term, tax free, term insurance, terminal bonus, ULIP, Whole of Life Plans