Nomination or Will - What's the right choice | Protect your assets
Автор: Moneylife
Загружено: 2024-11-11
Просмотров: 138391
Описание:
The laws in India are not very clear about Nomination and Will for various moveable and immoveable assets. While for bank accounts and other fiscal assets, a nomination may be sufficient; for a physical asset like Real Estate, this may not work.
The confusion also emerges from the lack of clarity in this regard. In this discussion between experts #Suchetadalal, #KVKamath #Harsh Roongta and #advjobymathew discuss the different aspects and make a cse to the concerned authorities to take steps and bring suitable clarity.
This information is important for seniors in the society as well as other who are confused whether they should make a will or the nomination itself will take care of their wealth transfer.
In India, people are hesitant to write their will and that becomes a problem later. For smooth succession and transfer of assets, a will is helpful.
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