Leaving behind property in a will is tricky, especially if you have one house and multiple heirs. If one lives abroad and another lives in India, it becomes tricky if the property value is high. You need to ensure that you leave equitable assets behind as far as you can.
Creating a tailored estate plan, with careful attention to details, that addresses these financial and non-financial concerns as well as the unique set of requirements of the differently abled, can give the family the peace of mind that their loved one will be attended to in a responsible way.
Under the EPS, a deceased employee’s spouse and children, and in their absence the parents, are entitled to family pension for supporting their financial needs
Maximising savings is only one part of wealth creation. It’s important to also persist with regular savings. Here are three easy steps to wealth creation.
From the end of deadlines for exchanging Rs 2,000 notes, providing nomination or opt-out for investments in MFs and demat accounts to significant changes to Axis Bank Magnus and Reserve card, there is much happening in the financial arena you need to be aware of.
Ensure that you go through your employment contract, human resource (HR) policies and social media usage guidelines if you intend to accept payouts from social media platforms or engage in any other side hustle
The essence of Raksha Bandhan lies in its name—'raksha' translates to protection, and 'bandhan' signifies a bond. This can be a good occassion to gift financial security to sister.
The proposed payment portal will certainly help investors identify registered investment advisors but will make the process cumbersome for all parties. It might also increase costs for the IAs
Having an insurance policy is a must. It reimburses your hospitalisation expenses, which tend to rise as you age. You also need to build a wealth corpus to support your lifestyle.
From tracking your expenses and investments, to alerting you on payments due and generating reports, these apps can help you stay on top of your finances at all times.
Financial freedom is more than just wealth accumulation. It means having the right amount of money when you need it and control over it.