Will

Ring-fence your wealth from creditors by setting up wills and trusts

It is a versatile instrument suited for the wealthy, but it must be drafted carefully

Common mistakes to avoid when passing wealth onto the next generation

Devolution of property would be governed under the Hindu Succession Act, the Indian Succession Act, or the respective personal laws for Muslims in case there's no Will

Planning to set up a trust? Reduce litigation risk, say analysts

It's exempted from the probate process; courts don't get involved in its execution

Before the Will, prepare for disability

It's important for all heirs to present a united front to give comfort to banks/depository participants

From computing damages to I-T appeals, here're the key court orders

In Uma Maheshwari vs United India Insurance Co, the court again raised the compensation reduced by the Karnataka High Court

Making a Will to rent waiver issues, online consultation is cost-effective

But in serious cases, a lawyer arguing in person can be more persuasive

Making a Will online is simple, ensure you sign it with two witnesses

Online platforms offer Will-making consultations, Will-drafting services, some providing do-it-yourself Will-writing software

Want to make small alterations to your will? You could do so via Codicil

However, if you wish to make major changes, writing a new Will altogether would be a better idea

15 years on, Birla and Lodha still splitting hairs over Priyamvada will

It all began in 2004, when the former chairman of Birla Corporation, Priyamvada Birla, died

Take family's feedback, appoint responsible executor when drafting a Will

But revealing its entire content to successors can prove counterproductive

A single Will can take care of assets held by NRIs across world except UAE

Though it is not mandatory, it is advisable to register a Will. This will help your family members at the time of execution