Estate planning: Making a will is just the first step; here's what else you have to do
Once an individual dies, his/her will comes into effect. However, in certain cities before the division of assets can take place, the legal heirs are required to do one more step i.e. probating a will. Here is what you need to know about probating a will.
Family finance: Why aligning investment with goals and getting enough insurance are a must for Kumar
After household expenses, insurance premium and investment, Kumar is left with a surplus of Rs 4,058. His goals include building an emergency corpus, saving for his child’s education and wedding, and his retirement.
5 new money rules for households to navigate current pandemic-hit economy
There is no cause for euphoria or the calculation that a boom is right around the corner. A period of prolonged pain, somewhat comforted by innovation in solving for the new normal, is what we should expect. But the question is how households should navigate these times.
Family finance: Timely start to help Hyderabad-based Vinayak meet money goals
Hyderabad-based Vidyut Vinayak earns Rs 2.2 lakh a month. His goals include building an emergency corpus, home renovation, saving for his future children’s education and weddings, and his retirement.
Time to focus on the short-term: 8-point guide on how to manage your money over the next 3 years
These are times when we must increase our allocation to cash and to liquid sources of funds. We could proactively do it by getting rid of junk from our portfolio. The money lost there must have a chance to be recouped by investing elsewhere.
Money & relationships: Should you follow your parents’ investing advice?
The moment a child starts earning, a worried set of parents is ready to dispense advice on how he should save his hard-earned money. While there’s no doubting the trust factor when it comes to parents, they may not always be the most efficient sources of investing advice
Why nominee is not your legal heir
Regrettably, the words 'nominee' and 'heir' are commonly understood to be synonymous. However, from a legal standpoint the two concepts are entirely different. Considering nominees to have similar rights as heirs can sometimes have disastrous consequences.
Did you make money mistakes in the covid crisis? Find out if you need a financial planner
Could you have successfully averted the covid financial crisis, if you had employed the services of a financial planner? This video will hel...
Why we love to tell stories of our investing success and not about losses, missed opportunities
We do not talk about losses. Or about missed opportunities. That telecom stock that we bought with great pride, and resolved to sell when it doubled, is now languishing in the demat account in a sorry single digit number. We are not likely to tell that story.
Should you plan a vacation now? The answers to these 5 questions will help you decide
Most people are craving a holiday particularly because Covid put paid to their summer vacation plans, but there is a lingering doubt about the feasibility of such plans. Should you start travelling? Read this before you pack your bags for the next vacation.
How NRIs can inherit immovable properties in India: Rules and methods
It is important to realise that wealth plans and bequeaths having overseas application are highly complex and regulated. They are governed by the provisions of Foreign Exchange Management Act 1999 .
5 things to look for and red flags when choosing a financial planner
In this video, Shambhavi Mehrotra of ET Online tells you what you need to look for in your potential financial planner, along with the warni...