Need for a WILL despite having a nominee.

Need for a WILL despite having a nominee.

Architecture
Life is uncertain and pandemic has made us realise that in a very stronger sense. In this pandemic, it is important for us to set our personal finance matter right and look beyond and think how are finances going to benefit our loved ones, beyond us. An individual often believes that once he or she has filed the Nomination section of his investment then the nominee automatically becomes the beneficiary of the underlying assest after the individual’s demise. As per Law, A nominee is only a custodian of the asset and not the ultimate beneficiary of the asset. The Nominee only has the right to represent on behalf of the owner and does not necessarily have any kind of entitlement over the asset. If something happens to the owner, then…
Read More
Why A Hindu Woman Should execute a Will!

Why A Hindu Woman Should execute a Will!

Architecture, Branding
Today’s Indian Women outshine men in all Spheres of life . We dismiss the verses “Na Sthree Swathanthra marhathi”  of Manu as a folklore But have you realized that those verses still resonate in our Jurisprudence?? Let us take a deep plunge into the legal Matrix of Law of Inheritance in India!! In India, Personal Laws govern the individuals in the matter of Inheritance, Marriage, separation, Guardianship, adoption etc. The Traditional Hindu principles of Inheritance mostly followed the Doctrine of Survivorship either through Patrelineal or matrilineal route in the names of     Mythakshara, Dayabhaga, Aliyasanthana and Marumakkathayam Laws. Various enactments governing the law of Inheritance were enacted by the British like The Hindu Inheritance (Removal of Disabilities) Act, 1928,The Hindu Law of Inheritance (Amendment) Act, 1929,The Hindu Women’s Right to Property Act,…
Read More