Managing incapacities and sudden death – Part III

This is part-III of Precautions to protect assets after death. Leaving behind instructions to handle incapacities A closed cover noted as confidential stating name and date could be kept along with will or given to a close relative or a friend after briefing the need for such requirements with a note on the following lines: 1. If I … Read moreManaging incapacities and sudden death – Part III

Precautions to protect assets after death – Part II

Continuing from Part – I. Please prepare a checklist on first of January or first of April each year of various due dates for compliance and prevent any omission/loss/ inconvenence. This will not only help keep track of your compliances as you advance in age, it will be of use for your successors/relatives to take care of the responsibilities linked to assets … Read morePrecautions to protect assets after death – Part II

Precautions to protect assets after death – I

Death is certain. When an individual dies suddenly, the family members will have to face problems if the individual, in anticipation of death, has not taken precautions and made arrangements to settle his affairs. While appreciating the inevitable truth that Death is certain, one also needs to understand and execute his responsibilities in anticipation of the event in … Read morePrecautions to protect assets after death – I