Will

Making a will is one of the simplest steps to secure your family's future,' say legal experts, warning that delays often lead to costly disputes and confusion.

Tata's will was submitted to the Bombay High Court for probate last week

When there are two wills produced before the court, which one will be executed? Experts weigh in

Baba Kalyani and his brother Gaurishankar are embroiled in a legal dispute over their late mother Sulochana's will, intensifying the ongoing battle over the assets with their sister's children

The choice between a gift deed and a will depends on specific circumstances and requirement including financial situation, relationships with potential heirs, and tax considerations.

Filing a nominee is a crucial step in ensuring that your hard-earned money reaches the right hands without unnecessary delays or legal hurdles

You should start to think beyond physical assets and consider the full scope of your digital footprint when planning for the future

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

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

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

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

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

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

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

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

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

But revealing its entire content to successors can prove counterproductive

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