HEIR
Mayawati reverses decision; reinstates nephew Akash Anand as political heir
Bahujan Samaj Party (BSP) chief and former Uttar Pradesh Chief Minister Mayawati reversed her decision on Sunday and announced Akash Anand as her successor. BSP spokesperson Sarvar Malik informed that Akash Anand will assume the role of national coordinator. Previously, Mayawati had removed her nephew Akash Anand as her political heir and from his party position until he matures. Akash Anand had been appointed as the National Coordinator of BSP. On Saturday, the party released a list of 13 star campaigners for the upcoming Uttarakhand Assembly by-elections, with party chief Mayawati and her nephew Akash Anand included in the lineup.
Public Provident Fund: How nominees, legal heirs can claim a PPF account on death of the subscriber
Public Provident Fund is a popular long-term savings scheme offering tax benefits and attractive interest rates. Here’s how nominees or legal heirs can claim a PPF account on the death of the subscriber.
Chirag Paswan solidifies status as 'real' political heir of father Ram Vilas
Chirag Paswan's victory in Bihar's recent elections under LJP (RV) marked his resilience. Elected as the LJP (RV) Parliamentary Party leader, he remains committed to his father's vision, aiming to transform the state with the 'Bihar first, Bihari first' agenda.
BlackPink's Lisa shares a kiss with rumoured beau Frederic Arnault at an event, video goes viral
This isn't the first occasion that the two have been seen together. The couple has been spotted at a concert and, more recently, at the Rodin Museum in Paris. Arnault is the third son of Bernard Arnault, the CEO of Louis Vuitton, the world's largest luxury goods company. Frederick currently serves as the CEO of TAG Heuer.
Managing finances after 80: Answers to three major personal finance questions for super senior citizens
As one ages, it becomes clear that the couple won’t leave the world together. Typically, the husband worries about the wife’s ability to manage money, while the wife worries about the husband’s ability to manage food and health. However, neither cooking, nor investing is rocket science, and it is never too late to learn these crucial life skills.
In Bihar's Hajipur, it's PM’s ‘Hanuman’ vs Lalu’s ‘Ram’
Chirag Paswan's bid for the Hajipur Lok Sabha seat signifies a crucial moment as he seeks to assert his father's political legacy. Facing opposition from his uncle's faction and criticism over ticket distribution, Chirag navigates one of his toughest electoral battles yet. While he banks on NDA support and PM Modi's popularity, his opponent Tejashwi Yadav leverages his local roots and unity within the opposition. Despite challenges, Chirag remains determined, with PM Modi's recent visit underscoring strong support. The outcome of the election hinges on the complex political dynamics and voter sentiments in Hajipur.
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Sale of ancestral property: Can daughters and her descendants make rightful claims?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Till he becomes 'mature': Mayawati removes nephew Akash Anand as her political heir
BSP leader Mayawati announced on X that her nephew, Akash Anand, has been removed as her political heir and from his role as National Coordinator of the BSP until he matures.
Earn 7.7% interest rate on NSC: Tax benefits, lock-in, how to invest in National Savings Certificate
The interest rate on a National Savings Certificate is 7.7% for the quarter ending in April–June of 2024. The Ministry of Finance reviews interest rates on a quarterly basis. The NSC interest rates are compounded annually but payable only after maturity. The minimum investment is Rs 1000/- and in multiples of Rs. 100/-. There is no maximum investment limit.
"I will be heir, successor to all values of CM Naveen Patnaik:" BJD leader VK Pandian
In an interview with ANI, VK Pandian said that Naveen Patnaik is contesting from two constituencies in the assembly polls even as people of the state want him to contest from all the assembly seats. He said the Chief Minister selects one extra constituency every time.
Sam Pitroda inheritance tax debate: What is inheritance tax in India
What is inheritance tax: When someone passes away, it's important to understand that there are two types of taxes that may apply - estate and inheritance taxes. Estate taxes are calculated based on the total value of the deceased person's possessions as of the date of death, whereas inheritance taxes are charged on the individuals who receive the property.
Scottie Scheffler: New heir to the golf throne
Scheffler is playing great golf, measured as much by his elite ball-striking and alarming consistency as the results. He now has nine victories against the strongest fields in the 25 months since he won his first PGA Tour title.
My father passed away recently without a will. I'm married. Do I have a claim on his property?
As per the Hindu Succession (Amendment) Act, 2005, a daughter has the same right to her father’s property and assets as the son. All your legal queries answered.
Can my children stake claim to a property bequeathed to their grandmother?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Our father died intestate; how will his properties be divided?
Readers' estate planning queries answered.
Last date to file court case to claim share in property by legal heirs
Do you have a share in a property which is not being given to you by other legal heir(s)? This may be because there is no will left by the individual in their self-acquired property. It may also happen that your share in property is in an ancestral or joint property. There is a deadline under the laws to file court case and get the share in a property.
How can my daughter transfer her share in ancestral property to her brother?
Raj Lakhotia, Founder, Dilsewill answers readers' estate planning queries.
Can a nominee buy or sell shares after primary account holder's death?
The assignment of a nominee is sufficient to facilitate transactions in mutual funds and shares, as the same will be transferred to the nominee’s name following the demise of the investor.
My father died without a will; do I have a right to his ancestral property?
Readers' estate planning queries answered.
When can a legal heir challenge a will as per Indian succession laws
If a legal heir wants to challenge a will, it can only be done in accordance with the Indian Succession Act, 1925. This succession law deals with how a will should be made, grounds on which a will can be challenged. Read on to know on what basis a will can be challenged by a legal heir.
8 ways to transfer your assets to legal heirs, how much to leave as inheritance
Find out the best ways to transfer your wealth to heirs and what it entails for inheritors.
My grandfather passed away recently without a will. Do I have a right to his property?
Assuming that the property was self-acquired, in the absence of a will, it will go to all class I legal heirs of your grandfather.
I have written a will with the help of friend. Is it mandatory to register a will in India?
While it is not mandatory or legally binding to have a will registered, it is advisable to do so. This is because it makes it much easier to prove its authenticity and validity in a court of law in case the will is contested later on. This simplifies the process of transferring assets to the desired heirs and beneficiaries, and minimises the chances of disputes.
Is probate of a Will mandatory?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Can a legal heir who is also a witness challenge the will?
Find out on what grounds a legal heir can challenge a will.
Can your wife become the karta of your HUF after you pass away?
Any woman who enters the Hindu Undivided Family by way of marriage is only considered a member and not a coparcener. Hence, wives and daughters-in-law cannot become kartas in an HUF.
Should a Will be registered to avoid any disputes in the future?
In India, it is not mandatory to register a will and an unregistered will is also considered legal.
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