REVOCABLE TRUST
'Have delivered on 2019 promise of putting corrupt behind bars, our govt leveraged technology to tackle corruption': PM Modi
Prime Minister Narendra Modi, currently vying for a third consecutive term, reaffirms his 2019 pledge to incarcerate corrupt individuals, asserting that he has fulfilled this promise. In an extensive discussion with ET, PM Modi addressed various topics. He reiterates the government's dedication to ensuring that the benefits of progress extend to all individuals in need, irrespective of their caste, creed, or geographical location.
US group 'campaign for tobacco-free kids' placed under PRC
Centre placed Campaign For Tobacco-Free Kids under PRC, impacting international donations in India. CFTK partners with Michael Bloomberg to combat tobacco globally. Several NGOs, including Oxfam India, lost FCRA licences due to misuse of foreign funds.
Narendra Modi on India's 'unstoppable' rise, Ram Mandir & elections: Insights from PM's powerful Newsweek interview
Prime Minister Narendra Modi, in an interview with Newsweek magazine, highlighted India's emergence as a global power and its efforts to maintain peaceful relations with China. He discussed various aspects of India's development, including economic growth, infrastructure expansion, and environmental initiatives. Modi also addressed criticism regarding press freedom and minority rights, emphasizing India's commitment to democracy and inclusive growth.
Dabur's Burmans seek probe into Religare share sale by chairperson
In an email sent to Sebi and bourses on November 8 that has been reviewed by ET, four entities - MB Finmart, Puran Associates, VIC Enterprises and Milky Investment and Trading Co - that collectively hold 21.24% in Religare said Sal chairperson Rashmi Saluja sold a portion of her personal holdings in the firm soon after a meeting with a representative of the Burmans.
Donald Trump's sons to testify at fraud trial that threatens the family's empire
Donald Trump Jr. is expected to testify Wednesday and Eric Trump on Thursday, kicking off a blockbuster stretch as the trial in New York Attorney General Letitia James' lawsuit enters its second month. James, a Democrat, alleges that Donald Trump, his company and top executives, including Eric and Donald Trump Jr., conspired to exaggerate his wealth by billions of dollars on financial statements that were given to banks, insurers and others to secure loans and make deals.
Private Trusts Vs HUFs: Which suits your needs to pass on assets to legal heirs?
Will, gift deed, private trusts are some of the most commonly used methods that an individual can use to pass on the assets to his/her family members. There may be instances where will and/or gift deed does not suit the requirements for passing on the assets. Here an individual can compare between private trusts and Hindu Undivided Family to see if either one suits your requirements.
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How can senior citizens protect themselves from financial exploitations by their own families?
While there is much talk about protecting senior citizens from online fraudsters because of their ignorance and vulnerability, what is often ignored is the risk they face from their own families, including their children, siblings and other relatives. Here are the most common ways in which the seniors are duped by their near and dear ones, and ways in which they can safeguard themselves.
5 ways how a Trust scores above Will as succession planning tool
Family trusts are effective and convenient, and if used prudently can provide various benefits as a holistic succession planning tool.
Meghan Markle could rule two realms as US president and Duchess of Sussex
Meghan Markle: According to a trusted expert on royal affairs, Robert Jobson, if Meghan Markle were to become the US President, her royal title, the Duchess of Sussex, would not be revoked. As per Jobson, the insider source close to the Palace confirmed that Meghan and Prince Harry's titles would be secure and they would not be expelled from the line of succession. However, subtle changes have been noticed, such as the removal of "His Royal Highness" from Prince Harry's profile page, indicating that the couple's withdrawal from royal duties is apparent.
No-trust debate, Delhi services bill highlight of final week of Monsoon session
Crucial bills such as the Forest (Conservation) Amendment Bill, the Biological Diversity (Amendment) Bill, the Multi-State Cooperative Societies (Amendment) Bill and the Inter-Services Organisations (Command, Control and Discipline) Bill have been passed with little discussion.
What is a letter of credit and how to obtain one
A letter of credit works as an assurance given to the exporter that he will be paid by the bank for the trade.
A very sorry state of affairs: Mehbooba Mufti on India-China border tension
The former Jammu & Kashmir Chief Minister said that while the government has no answer to China occupying our land, it was taking away the land allotted on lease to the people in J&K.
Can I transfer my house through a gift deed?
Find out how to minimise the chances of disputes by transferring your immovable and movable property through a gift deed.
Estate Planning: Your legacy is what matters the most.
To protect your legacy, you should be aware of estate planning
J&K bans schools run by Falah-e-Aam Trust; sealing to be done within 15 days
The FAT was registered in 1972 and is associated with a socio-religious organisation - Jama'at-e-Islami - that was banned in February 2019, after which hundreds of its core members, activists and sympathisers were arrested, detained, summoned and questioned.
Foreign Trust: A tool for financial planning before migrating
For those considering a move to the United States, it is important to note that the U.S. imposes Federal and possibly state income & transfer tax obligations on all American citizens and lawful permanent residents (Green Card holders), irrespective of where they reside and the locus of their wealth/assets.
What you must know before setting up a Private Family Wealth Trust for succession, estate planning
While assessing whether to set up a PFWT or not, a person must consider the legal pre-conditions. Only a person above the age of 18 and of sound mind can be an author of a PWFT. A PWFT may also be created by or on behalf of a minor provided prior sanction of the appropriate civil court is taken.
MEA briefs diplomats of various countries on SC's Ayodhya verdict
The Supreme Court, in its verdict pronounced earlier in the day, backed the construction of a Ram temple by a trust at the disputed site in Ayodhya, and ruled that an alternative five-acre plot be allotted for building a mosque in the Hindu holy town. Following the verdict, top ministry officials briefed diplomats of various countries and key allies of India.
View: Curbing dissent in the name of nationalism can be disastrous
A massive electoral mandate can’t become the reason to extinguish the democratic chatter altogether.
From darkest day to historical blunder corrected, who said what on revocation of Article 370
The govt's move invited extreme reactions from the political community across the political parties.
Sebi refuses to lift market ban on Allied Financial, 7 entities for various violations
The watchdog revoked the directions against three former directors -- Rajeev Kumar Asopa, Lalit Agarwal and Rajendra Prasad Basia -- of the company in the same case.
Congress demands revocation of ban on civilian traffic on J&K highway
The demand was raised by JKPCC president Gulam Ahmed Mir.
Oracle’s Ellison reveals $1 billion stake in Tesla
Ellison, 74, is the world’s ninth-richest person with a net worth of $51.4 billion on the Bloomberg Billionaires Index.
Ruia paid price for woman who betrayed SC's trust?
Bizwoman Ritika Awasty went to see husband in UK but stayed back.
Irrevocable trusts offer max benefit for HNIs
Trusts help HNIs ensure efficient succession planning and may also result in mitigating tax liability.
Matrimony.com files papers to raise Rs 600-700 cr via IPO
Matrimony.com, which runs online match making business under 'BharatMatrimony' brand, today filed draft papers with markets regulator Sebi to raise an estimated Rs 600-700 crore through an initial public offer (IPO).
Government will probe irregularities in land allotment to Ramdev trust: Virbhadra Singh
After the Congress government came to power in December 2012, it ordered revocation of the land lease on February 19, 2013 and asked the revenue authorities to take possession of the land within three days.
PDP wants AFSPA revocation, says situation in Jammu and Kashmir has improved
The "legitimate aspirations" voiced by the people of the state through democratic means have to be respected to address the issues of trust-deficit and alienation, Beg said.
Estate planning industry flourishes, as India's rich try to leave a lasting legacy
There are the lessons from history being drawn - as India’s old money and new money converge - on how its richie rich manage their assets.
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