by Vidya Kumar | Nov 29, 2013 | Smitha Hari
Contrary to popular perception that a nominee automatically inherits the assets on the death of the owner, he/she simply acts as a trustee and holds the assets only till the legal heirs are established. Only in the case of equity shares and EPF monies, a nominee...
by Vidya Kumar | Nov 23, 2013 | Smitha Hari
The process of claiming assets on the death of your loved ones becomes lengthy and complicated in the absence of nomination or a Will. Hence it is always better to prioritize Estate Planning, as this will save a lot of trouble for your loved ones. When your loved one...
by Vidya Kumar | Nov 15, 2013 | financial planning, Smitha Hari
If you think you will lose your job in the short term, you must take some proactive steps to deal with the situation. This will help in easing the situation to some extent. You should start off with reassessing your financial situation and building an emergency...
by Vidya Kumar | Oct 31, 2013 | loan, Smitha Hari
When the Reverse Mortgage Scheme was introduced in 2008-09, it was expected to be widely accepted and beneficial to senior citizens. However, in its 5 year history, there have been few takers, and only Rs. 800 crores worth Reverse Mortgage Loans have been disbursed of...
by Vidya Kumar | Oct 25, 2013 | financial planning, Smitha Hari
SUMMARY – Financial Planning cannot be afforded by everyone. You can try planning your finances yourself by referring to good personal finance books, attending personal finance training sessions, personal finance websites and blogs and using personal...
by Vidya Kumar | Oct 18, 2013 | Smitha Hari, taxation
SUMMARY: Tax Planning not only involves making the right investments, but also involves taking proactive steps in making these investments and collecting the investment proofs on time. Adopt an organized approach by maintaining a log of all your investments for...
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