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LEGAL HEIRS RESPONSIBILITIES
Inherited property via Will? Do you need mutation in your name - here’s what law saysInheriting property via Will? While mutation records update who pays taxes, they don't transfer ownership. Courts permit mutation for heirs...
Banks seek RBI guidance as multiple nominations create claim settlement hurdlesBanks are facing difficulties settling claims when multiple people are nominated on accounts. This is causing operational problems for fina...
Claiming your inheritance by executing a Will: What legal heirs must know about nominees, probate and asset transfersExecuting a Will in India is often more complex than believed, involving numerous institutions and documentation hurdles. Nominees do not a...
UDGAM portal facilitates users to search unclaimed deposits across multiple banks: RBI to SCThe submissions were made before a bench of Justices Vikram Nath, Sandeep Mehta and Vijay Bishnoi which was hearing a plea filed by journal...
When Digital India meets a dead endA man's desperate act to claim his sister's money highlights a stark reality. India's digital progress leaves many behind. Marginalized cit...
SC dismisses PIL seeking recognition of Netaji as 'National Son'The Supreme Court has rejected a public interest plea. The petition sought to declare Netaji Subhas Chandra Bose's Indian National Army res...
Mumbai 1992 riots and 1993 blasts: Maharashtra initiates steps to trace kin of victims for compensationThirty years following the communal riots of 1992 and the serial bomb blasts of 1993 in Mumbai, the Maharashtra government has taken steps ...
Are legal heirs liable to pay their parents' loan outstanding amount after their death?Jeetendra Pathak, a LIC agent, had borrowed money from his office. After he father died, his daughter began receiving legal papers asking t...
Does streedhan include gifts, expensive appliances? What is husband's right over streedhan?Streedhan includes all types of gifts, ornaments, cash, movable or immovable property that a woman receives from friends or family before a...
If I am married, can I stake claim to my father’s house who passed away intestate?Here are this week's estate planning dilemmas from our readers.
When can class III legal heirs stake claim to property of deceased person?The property of a Hindu male who dies intestate, that is, without a will, devolves equally to his class I legal heirs.
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...
Can uncle stake a claim to the entire ancestral property, including my father’s share?Class I legal heirs can claim their share over the property along with other legal heirs, if any, in case the property is self-acquired and...
Is it necessary to rewrite will if one of the legal heirs passes away?Raj Lakhotia, Founder, Dilsewill answers readers queries related to the transfer of assets.
My father passed away without a will. Who has legal rights to his property?Since your father died intestate, that is, without making a will, all the legal heirs, including you, your brother and your mother, will ha...
How to file the IT return of a deceased personOnce an individual passes away, it is the responsibility of his legal representatives to file the deceased’s tax return.
- Policy holders must draw up wills to skip legal wrangles
A nominee of an insurance policy is only a trustee of the sum assured, not the sole claimant, so says insurance companies in both life and ...