In life insurance at the policyholder demise a nominee is the person to whom the insurer will transfer the proceeds. But there are cases when this death proceeds have been blocked into family litigation. When other legal heirs of the family or distant relative lay the claim on the money life insurance companies too get […]
In India, many businesses, big or small, are on the verge of succession. The generation which has set up and managed their business with a lot of hard work is now retiring and surely the reins are going to pass on to the hands of next generation. But succession planning is easier said than done. […]
Indian succession laws are not straight and many a time they are not what you want. A Will surely do resolve many issues of your succession. It ensures your wish of your wealth distribution is known to your loved ones at your death. But it’s not a one-day affair. There will be many institutions where […]
A Will is a basic document for any estate plan. Through a Will you ensure effective distribution of your wealth to your loved ones. But it still does not come on the top priority for most of us. Getting arrested for OWI in Wisconsin will get your charged with operatiing with PAC for a high blood […]
This part of the article covers aspects on dissolution of private trust, concept of a living trust, a checklist for trust creation and situations where creation of a trust can be really helpful. Read through the last and final part of the series on private trust creation.