In conversation with Money9, Deepak Jain, head of sales at Edelweiss AMC explains the importance of nomination for mutual fund investors
In case of intestate death, succession certificate allows the legal heir to settle impending debts, securities and make use of their remaining assets.
Nomination is required to appoint one or more individuals to accept the asset as custodian following the death of the original owner
The situation may become challenging for surviving family members if the deceased has left an outstanding loan
Covid has served many life lessons. One of them is the need to write a will. It can sanitize your near and dear ones against any family discord
Nomination enables the asset holder to nominate (propose or formally enter as a candidate) an individual to claim the proceeds upon his/her death
Money9 Helpline attempts to make writing this legal document an essential part of your financial management and help you understand all the nitty-grit
The second wave of covid-19 has claimed a lot of lives in India. It becomes imperative to understand how to file tax returns for the departed individu
The legal heir is the deemed assessee, so if he/she chooses not to file the return, the I-T department will carry out proceedings the same way they wo