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Write a will to safeguard your child's future, choose the guardian wisely

Appoint a personal guardian, someone to look after the child's financial affairs, and someone to manage any real estate you may bequeath to the child

Topics
Child Financial Planning

Arvind A Rao 

On March 9, 2018, the Indian Supreme Court passed a landmark judgement allowing individuals to set up a living will. For the uninitiated, a living will can be made by a person, in his normal state of mind, seeking voluntary euthanasia in case of terminal illness, if he or she reaches an irreversible vegetative state.

In other words, the Supreme Court has now allowed an individual (while he can) to decide for himself whether he wants to live in a vegetative state or end his agonies. This development brought to mind a crucial issue. For parents, the next most precious thing, or ...

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First Published: Sun, April 01 2018. 06:45 IST
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