Archive for Estate Planning

Where there is a will…

Publication : Business Standard, New Delhi; Date: April 18, 2010


There is no way that your assets can be misused by someone else


When Deepak Sharma, 45, passed away, his wife and two children suddenly found themselves in a severe financial crunch. While he owned three flats and a plot of land, the records were missing.

Similarly, papers of his investments in stocks, mutual funds and gold existed in the bank lockers. But the family was not aware of it. Importantly, Sharma has not created a will that would have specifically identified the heirs to his property.

All the family got to know in the initial months was that Sharma had taken bank loans to expand his business.

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Planning for the future

Publication: Busines Standard, Mumbai;   Date: May 3, 2009;    Section: Marketing & Investing;

Estate Planning is the process of transferring all your assets (collectively referred to as estate) to your beneficiaries according to your wishes. This can also include the medical care.

Let’s understand some basic terms of Estate Planning

The sum of all the assets of a person, less his liabilities becomes his estate. In short, all properties, bank accounts, investments, insurances and collectibles, less the liabilities of a person, are collectively called a person’s estate.

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Interest Rate Management

Publication: Business Standard, Mumbai;   Date: August 3, 2008;    Section:Rate Hike 

The recent hike in the rates will hurt your finances further. Time to do some stock-taking.

Earlier this week, Reserve Bank of India (RBI) governor Y V Reddy surprised everyone with his double whammy. The apex bank increased repo rate and cash reserve ratio (CRR) by 50 basis points (bps) and 25 bps respectively.

Within days, banks revised their rates with the Punjab National Bank (PNB) revising its home loan rates by 100 bps. This was quickly followed by HDFC and ICICI Bank, who raised their rates by 75 bps, effective from August.

In the last few years, the Indian economy has been booming. An inspiring growth rate of 8-9 per cent in the gross domestic product (GDP) has ensured that salaries have increased exponentially. And the rising incomes have translated into increasing demand for goods and services.

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