Estate Planning
Everything about wills, nominations, succession laws, and trusts in India. Protect your wealth and ensure your family is taken care of after you.
- What Happens If You Die Without a Will in India? If you die without a will in India, your assets are distributed according to religious succession laws, not your personal wishes. …
- What is an Executor in a Will? An executor of a will is the person or institution you appoint to carry out your last wishes and manage your estate after you die.…
- Is a Will Mandatory in India? The Truth About Estate Planning A will is not legally mandatory in India, but it is highly recommended for anyone with assets. Dying without one means your proper…
- Why Most Indians Don't Write a Will (And Why That's a Mistake) Most Indians avoid writing a will due to myths about complexity, cost, and age. This is a mistake because dying without a will, kn…
- Who Pays Your Debts After You Die in India? When someone dies in India, their personal debts are generally paid from their estate, not directly by their family members. A wel…
- How to Add a Nominee to EPF Account in India You can add a nominee to your EPF account online through the EPFO Unified Member Portal using the E-Nomination feature. The proces…
- How to Change a Nominee in a Bank Account To change a nominee in a bank account, you must fill out Form DA3, which you can get from your bank's branch or website. Submit th…
- How to Review and Update All Nominations — Annual Checklist Reviewing your nominations annually is a critical step in estate planning, often overlooked even by those who know how to make a w…
- Why Your Life Insurance Nomination May Be Wrong Right Now Your life insurance nominee might not be the owner of the money. In India, a nominee is often just a custodian who must pass the f…
- Nomination for New Parents — What to Update After Having a Child Having a child means updating your financial life. You should update nominations in all your accounts to your spouse or a trusted …
- Nomination Checklist Before You Turn 30 in India Nomination appoints a custodian for your assets, not the final owner. To ensure your assets go to the people you choose, you must …
- Can a Wife Claim Her Husband's Property After Death in India? Yes, a wife can claim her husband's property after his death in India. Her specific share and rights depend heavily on whether her…
- How is Property Distributed Among Siblings in India? In India, property is distributed among siblings based on the deceased's will. If no will exists, the distribution is governed by …
- Christian Inheritance Law in India — Key Rules Explained Christian inheritance law in India is governed by the Indian Succession Act, 1925, when a person dies without a will. The law dict…
- Is There an Inheritance Tax in India? The Truth No, India does not currently have an inheritance tax. The Estate Duty Act was abolished in 1985, meaning your legal heirs will not…
- How to Settle an Estate When Heirs Are in Dispute Settling an estate when heirs are in dispute requires immediately securing and inventorying all assets, verifying whether a valid …
- Daughter vs Son Inheritance Rights — What Changed After 2005 In India, daughters now have the same inheritance rights as sons in their father's ancestral property, thanks to the Hindu Success…
- How to Protect Family Wealth Through a Trust in India A trust is a legal arrangement where you transfer assets to a trustee to manage for your family's benefit, offering more control a…
- How to Dissolve a Private Trust in India To dissolve a private trust in India, you must first review the trust deed for a revocation clause. If none exists, you need to ob…
- What Happens to HUF Property When the Karta Dies? When a HUF Karta dies, the HUF property does not pass according to their will. Instead, the property remains with the HUF, and onl…
- Gift Deed vs Will vs Trust — Which One to Use? A gift deed transfers ownership immediately and irrevocably. A will distributes assets after death and is easy to change but can b…
- How Trusts Protect Assets From Creditors in India A trust protects assets by legally transferring their ownership from you to the trust itself. Because you no longer own the assets…
- What Happens to Digital Assets After Death in India? When a person dies in India, their digital assets, like online accounts and data, do not automatically pass to their family. Witho…
- What Happens to a Joint Home Loan If One Owner Dies? If one owner with a joint home loan dies, the full responsibility for repayment falls on the surviving co-borrower due to 'joint a…
- Can You Disinherit a Child in India? Yes, you can disinherit a child in India for any self-acquired property by explicitly stating it in a valid will. However, you can…