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HEIRS TAX LIABILITIES
Succession Planning: 8 key tax considerations you should take into accountSuccession planning involves connected legal and tax events, not just death. Income earned before death must be reported by the deceased's ...- Should I sell my flat and invest to earn interest, or keep it and earn rent in my retirement?ET Wealth Reader's Query: I own a two-bedroom flat in Bengaluru, which is about 10 years old, and have no outstanding loan. I am a senior c...
- Income tax for senior citizens: No salary after retirement? These 7 incomes can still attract tax; know what is exemptRetirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capital gains may still incur taxes. It...
- NRI Talk| For a Rs 50 crore NRI portfolio, structure matters as much as stock selection: Tarun BiraniNRIs view India with cautious optimism, recognizing its long-term growth potential despite recent market flatness and rupee depreciation. D...
- Pension is salary, family pension is not: Key tax rules pensioners must know before filing ITR for AY 2026-27Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...
- Selling property in England after the owner's death? Legal heirs may need Probate of Will or Letters of Administration firstLegal heirs in England and Wales require a Grant of Probate or Letters of Administration to sell property and manage a deceased person's es...
- Inherited property, money or investments? Six tax questions every heir needs answers forNavigating taxes after inheriting assets can be complex. Legal heirs can file the deceased's tax returns and receive refunds, but their lia...
- Many Americans make this costly 401(k) and IRA mistake — don’t leave a mess for your familyMany Americans risk sending their 401(k) and IRA savings to the wrong heirs. Outdated beneficiary forms override wills and can create tax p...
- I am an NRI. How can I take money out of India after selling inherited property and shares with minimum taxes?I am an NRI with inherited property and shares in India. What are the best ways to repatriate funds without triggering high taxes or violat...
- Tax planning after death of a personA legal representative will have to file the income tax return on behalf of the deceased person for that year and then submit the PAN for c...
- 8 ways to transfer your assets to legal heirs, how much to leave as inheritanceFind out the best ways to transfer your wealth to heirs and what it entails for inheritors.
- What is the process of dissolving an HUF (Hindu Undivided Family)?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
- Gift or will: Which is a better way to inherit property?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
- Do I need to pay tax on my inheritance?Find out if you incur any tax liability for the movable and immovable property that has been left to you by relatives.
- How to write your WillPrimarily, a Will states what and how the writer's assets are to be distributed after discharging liabilities of the writer. A person who w...
- What are your legal liabilities if you help your brother or sister take a loan or guarantee itIf you are a financial guarantor, you will be responsible for repaying the entire loan in case your sibling is unable to do so. The bank al...
- ITR filing of deceased person: Documents required, steps to be taken by legal heirsAs per the income tax law, the responsibility for filing the income tax return till the date of death shall be that of the legal heir, in c...
- Money tasks after death in family: How to close accounts, transfer investments, make claims and moreSort the paperwork and complete financial tasks without leaving any loose ends after the death of a family member. ET Wealth tells you abou...
- Estate planning queries: Here are answers to 8 common queries on willsOne should try to make an error-free will to minimise the risk of disputes in family. Here are eight common queries answered related to wil...
- Rules to follow when lending to friends, associatesLending money without paperwork is fine, if the amount is low. But if the sum is high, it is best to adhere to the rules that banks follow.
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