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Priya’s Story

August 21, 2012 11 Comments


wealthymatters.comHere is a story I came across on the internet today.Thought I’d share it with you.

Few things I learned after Mithun:

We always believe we will live forever. Bad things always happen to others.

Only when things hit us bang on your head you realise… Life is so unpredictable….

My husband was an IT guy…all techie…And I am a chartered accountant…Awesome combination you may think…

Techie guy so everything is on his laptop…his to do list… his e-bill and his bank statements in his email… … He even maintained a folder which said IMPWDS…wherein he stored all login id and passwords for all his online accounts…And even his laptop had a password… Techie guy so all the passwords were alpha-numeric with a special character not an easy one to crack…Office policy said passwords needed to be changed every 30 days…So every time I accessed his laptop I would realise it’s a new password again… I would simply opt for asking him ‘What’s the latest password’ instead of taking the strain to memorise it. Read more of this post

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Filed under Theory, Tool Kit Tagged with bank accounts, Bank Lockers, car insurance, death certificate, Demat Accounts, FIR report, Fixed Deposits, indemnity bond, joint owner, legacy drawyer, life insurance, make a will, No objections certificates from co-heirs, nominations, nominee, notary, NSC, pension, Post Mortem report, postaday, property, Provident Fund, salary account, succession certificate, surety, two wheeler insurance, Will

What To Do If There Is No Will?

April 14, 2011 20 Comments


wealthymatters.comI 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

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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

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