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TESTAMENTARY AMBIGUITY
Sir Ratan Tata Trust may get formal trust deed as Tata Trusts reviews governance structureTata Trusts is reviewing governance for the Sir Ratan Tata Trust. A new trust deed may be drafted. This follows discussions on trustee appo...- Govt scraps mandatory probate of wills: Is voluntary probate still a smart move?The Indian government has removed the mandatory requirement for probate of wills. This change simplifies succession planning for Hindus, Bu...
- Planning for a lifetime care: Smart estate strategies for parents of children with special needsParents of children with special needs must plan for their future care and finances. Trusts and wills offer a secure framework. Experts adv...
- Estate planning: What are conditional wills and why do people use them?Conditional wills protect dependants and guide behaviour, but unclear wording increases scrutiny and disputes, making them a powerful, yet ...
- Is it better to distribute one’s assets during lifetime or after demise? Which succession tool is best suited to your needs?Inheritance conflicts frequently occur in India as families navigate the complexities of passing on legacies. Although parents strive to cr...
- When can a legal heir challenge a will as per Indian succession lawsIf a legal heir wants to challenge a will, it can only be done in accordance with the Indian Succession Act, 1925. This succession law deal...
- 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.
- How to make a will difficult to challengeOften we hear about cases where the will is challenged by one of the legal heirs or the third party. It is the complex nature of will which...
- Will vs gift vs family trust: What's the best way to give assets to heirs?This article looks at transferring of assets to legal heirs via three routes: a will, a gift deed, and a private family trust. The article ...
- Did you know a sound will can also be contested? Find out where you can go wrong and how to avoid itThough there is no surefire way to create an ironclad will, drafting a technically sound and factually precise document can help minimise t...
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