Congratulations to Mummy & Daddy Pig, who were blessed with a baby girl piglet, Evie Pig, on May 20! Our favourite Peppa and her adorable baby brother, George, are squealing with delighter over their baby sister, Evie.Continue Reading Peppa Pig has a new sister! What should Mummy & Daddy Pig do about their estate plan?
In our previous blog post (accessed here), we discussed the judgement of the Supreme Court (SC) in Sudesh Chhikara v. Ramti Devi & Anr[1] (Sudesh Chhikara), whichheld that a gift or transfer of property by a senior citizen may be declared void by a Maintenance Tribunal only if certain conditions as set out in section 23(1) of the under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007 (Senior Citizens Act) are fulfilled.Continue Reading Revoking Gifts by Senior Citizens: Supreme Court judgment ‘Beneficial’ but questions remain
The following article was first published in the Mint newspaper on 11th July, 2024. The same was written by our Private Client team at Cyril Amarchand Mangaldas, who frequently publish their comments and opinions in the Mint.Continue Reading Revoking gift deeds due to abuse: Legal options for senior citizens
The following Q&A was first published in the Legal 500 and Legal Business Magazine on 8th March, 2024. The same was written by our Private Client team at Cyril Amarchand Mangaldas. The online version of the Q&A can be found here.Continue Reading Private Client Year Book 2024: Q&A India
The following article was first published in the Mint newspaper on 5th March, 2024. The same was written by our Private Client team at Cyril Amarchand Mangaldas, who frequently publish their comments and opinions in the Mint. The online version of the article can be found here.Continue Reading Does unregistered codicil alter the terms of a registered will?
The following article was first published in the Mint newspaper on 28th February, 2024. The same was written by our Private Client team at Cyril Amarchand Mangaldas, who frequently publish their comments and opinions in the Mint. The online version of the article can be found here.Continue Reading How to ensure fair distribution of assets in an estate plan?
The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions in an article, which was published by the Outlook Money on 1st April, 2022 and the online edition of the same can be found here.
Intestate succession planning laws in India are unfavourable for women. So, women must use the tools available and become the decision-makers in how their assets are transferred. The Covid pandemic has shown that life is fragile, and tragedy can strike any time. In the course of conversations with clients, we find that most women do not undertake succession planning, and even fewer understand the need for an estate plan. This is mainly due to lack of awareness, and because they usually tend to look to their husbands and/or other family members to deal with their assets. This needs to change, especially at a time when women are becoming wealth creators in their own right and are increasingly running large family businesses. Many women today are also inheriting valuable portions of the family business.
One can execute a Will just by signing it and having it attested by two witnesses. There is no requirement for having the Will mandatorily registered in India
The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions in an article in the following Q&A which was published by the Mint Newspaper on 8th November, 2021 and the online edition of the same can be found here.
If the first account holder of a fixed deposit dies, who will become the owner of the account? Is it the second account holder or all the legal heirs of the first account holder?
—Name withheld on request
Continue Reading What happens to the FD account if the deposit holder dies?
The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions in an article in the following Q&A which was published by the Mint Newspaper on 07th July, 2021 and the online edition of the same can be found here.
My father and mother passed away after they came down with covid. My father had made a registered Will in 2015. According to that document, my nephew has been named the claimant of all his liquid assets. However, after 2015, my father declared me as his nominee in almost all his bank accounts. Under these circumstances, who is the rightful claimant of my father’s liquid assets, my nephew or myself?
—Name withheld on requestContinue Reading The rights of a legal heir supersede the rights of a nominee
The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions shared in an article in the following Q&A which was published by the Mint Newspaper on 28th April, 2021 and the online edition of the same can be found here.
My father passed away at the age of 79 in February. In his will, he has mentioned 50:50 share to both the sons. My mother passed away seven years ago. These are the queries…
Continue Reading A nominee is obligated to hand over the assets to the legal heir