One must understand that when it comes to estate planning you cannot take the ‘one size fits all’ approach.SynopsisThis article looks at transferring of assets to legal heirs via three routes: a will, a gift deed, and a private family trust. The article details the pros and cons of each route, as well as the charges and taxes you will incur.Estate planning involves deciding and naming in advance who your assets will get transferred to after you die. One of the most common methods to lay out who your assets will get transferred to is by means of a will.…
Author: Miley Selena
The presidential campaign of Donald Trump says its official website was defaced earlier on Tuesday (Oct 27) and that it is working with law enforcement to investigate the source of the attack. The campaign said in an emailed statement there was “no exposure to sensitive data because none of it is actually stored on the site.” The Federal Bureau of Investigation declined to comment. The Trump website seemed to be fully functional Tuesday. Screenshots circulating online appeared to show that the site had briefly displayed a bogus message spoofing a law enforcement announcement. The message then sought cryptocurrency donations from…
Met police say crowds will be dispersed if protesters fail to follow rules Thousands of anti-lockdown protesters are marching through central London. With anger brewing at the perceived unfairness of local lockdowns and increasing disagreement over the effectiveness of restrictions and the science of the pandemic, people travelled from across the country to attend the capital’s fourth mass protest against the government’s coronavirus measures. Louise Creffield, the founder of Save Our Rights UK, one of the organisations behind the demonstration, said: “We believe that the coronavirus regulations that are in place are not proportionate and appropriate, and are causing more…
International consumer lender set to use advanced machine learning techniques to make the best credit offers in low and no credit history markets with FICO solution Home Credit Group, which lends to underserved customers with little or no credit history, has chosen FICO Decision Optimizer to further improve its lending offers in multiple markets. The adoption of FICO’s AI-powered optimization follows a successful pilot in Russia, which delivered excellent results including significant profitability improvement on the targeted part of the loan portfolio, as well as an increase in new loan volumes. “We pride ourselves on being a responsible lender whose decision-making in…
Trump v Biden: the key moments of the final presidential debate The Democratic presidential candidate Joe Biden assailed Donald Trump’s handling of the coronavirus pandemic during Thursday night’s final presidential debate, as the president attempted to reset a race that shows him trailing his opponent in opinion polls less than two weeks before election day. The evening in Nashville began relatively calmly, with the rivals making their closing arguments to the nation amid a pandemic that has killed more than 220,000 Americans and infected millions more, including the president. In part due to the pandemic, more than 40 million Americans…
A dear friend lost her husband to Covid-19. Unexpectedly and after hospitalisation that lasted a painful 10 days in the ICU. In the middle of the loneliness imposed by quarantine, she wonders what life holds ahead. My heart goes out to her. Knowing her I worry about her well being without her husband to lean on. But it need not have been like this. She could have learned some independent living, before it got late. Many continue to argue that Read more: EconomicTimes
In legal parlance, there is a difference in the definitions of ancestral property, coparcenary property and Joint Hindu Family property.SynopsisThe Supreme Court in its judgement gave equal rights to daughters as sons. Would it mean that under no circumstances can a daughter be denied her legal right over her parents’ assets? ET Online spoke to legal experts and here’s what we found out about the judgement.”A son is a son until he gets a wife. A daughter is a daughter throughout her life.” this is what Justice Arun Mishra said as he pronounced the landmark judgment that provides daughters an…
To make the process of claiming money from the various post office small savings schemes such as Post Office Monthly Income Scheme (PO-MIS), Public Provident Fund (PPF), National Savings Certificate (NSC) etc. easier, the government has made certain amendments in the process. The process was streamlined via a circular dated August 28, 2020. Here’s a look at what the circular states. Basis for settlement of death claim As per the circular, the settlement of death claim can be made either based on nomination, legal evidence or without the production of legal evidence at the discretion of the concerned authority for…
Many insurance companies have rolled out their Corona Kavach and Corona Rakshak policies on the basis of guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI). These standard health insurance policies will cover the treatment cost of the coronavirus disease. These policies are issued for very short-term and was supposed to remain valid until March 31, 2021. Irdai has now allowed insurers to offer and renew these Covid-19 specific health policies up to September 30.Currently, the policies are issued for three and half months, six and half months, and nine and half months including waiting period.Read on…
By Dr. Neelam Rani and Samarth Saxena Try and remember the first time you opened a fixed deposit with your bank. Among the many details that your banker would have requested you for, you would have also been asked to give the details of a ‘nominee’. Many people opening bank accounts or starting to invest don’t really understand the concept of nomination. They often consider it to be a simple arrangement wherein post their death, the nominee Read more: EconomicTimes