NRIs view India with cautious optimism, recognizing its long-term growth potential despite recent market flatness and rupee depreciation. D...

Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...

Legal heirs in England and Wales require a Grant of Probate or Letters of Administration to sell property and manage a deceased person's es...

Navigating taxes after inheriting assets can be complex. Legal heirs can file the deceased's tax returns and receive refunds, but their lia...

Many 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 Outdated beneficiary forms override wills and can create tax p...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 with inherited property and shares in India. What are the best ways to repatriate funds without triggering high taxes or violat...

A 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...

Find out the best ways to transfer your wealth to heirs and what it entails for inheritors.

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.

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.

Find out if you incur any tax liability for the movable and immovable property that has been left to you by relatives.

Primarily, a Will states what and how the writer's assets are to be distributed after discharging liabilities of the writer. A person who w...

If 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...

As 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...

Sort the paperwork and complete financial tasks without leaving any loose ends after the death of a family member. ET Wealth tells you abou...

One 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...

Lending 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.