Wills and trusts: How blended families can navigate succession planning

Wills and trusts: How blended families can navigate succession planning

MUMBAI : Raj went through a divorce five years ago and is now remarried to Anita (who is also divorced from her husband). Raj has two children from his previous marriage and one from his new marriage. Anita has one child from her previous marriage as well. Raj hasn’t formally adopted the child of Anita’s … Read more

Succession vs nomination: Key insights into effective estate planning

Succession vs nomination: Key insights into effective estate planning

How do legal frameworks governing testamentary and intestate succession differ from the role of a nominee in temporarily managing assets until the rightful successor is determined? What should I consider to ensure my estate plan is legally sound, minimises administrative burdens, and prevents potential disputes among heirs? -Name withheld on request One needs to understand … Read more

Inheritance under Hindu Succession Act: What happens when an heir converts

Inheritance under Hindu Succession Act: What happens when an heir converts

My sister converted to Christianity although my family is Hindu. In the event of my father’s or mother’s demise, how would the succession of assets happen if they did not create a will? —Name withheld on request  In the event of the demise of your father or mother without leaving a will, the distribution of … Read more