Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
you are here: HomeAuthor

Rajat Dutta

Founder & Initiator

Inheritance Needs Services

‘Either or survivor’ clause in bank FDs a myth; surviving joint-holder has a Herculean task on hand

BUSINESS

‘Either or survivor’ clause in bank FDs a myth; surviving joint-holder has a Herculean task on hand

Many banks and even financial planners advise their customers investing in fixed deposits of banks to opt for the ‘either or survivor’ clause. The problem arises when one of the joint-holder(s) dies during the tenure of the deposit, and the surviving joint-holder(s) approach the bank to liquidate the FD.

How some mutual fund houses abuse the 10-day cooling period in transmission of MF units

BUSINESS

How some mutual fund houses abuse the 10-day cooling period in transmission of MF units

Despite clear guidelines, fund houses delay the redemption of MF investments post completion of the transmission process, presumably to enjoy the liquidity over an extended period of time.

Transmission of money lying in mutual funds to legal heirs is not easy, despite AMFI’s best practices guidelines

BUSINESS

Transmission of money lying in mutual funds to legal heirs is not easy, despite AMFI’s best practices guidelines

Where there is a Will, it is easier for legal heirs to claim money lying with mutual funds that was left behind. But in the absence of a Will and Nominee, complications arise and paperwork mounts

Gift deed or Will: What’s the best way to pass on your assets to a loved one?

BUSINESS

Gift deed or Will: What’s the best way to pass on your assets to a loved one?

For the bequest of their wealth (assets/ properties) to their chosen heirs, asset owners can opt for either a will or a gift deed.

Why having a nominee is not relevant for a jointly held demat account

BUSINESS

Why having a nominee is not relevant for a jointly held demat account

The need to have registered nominee(s) is relevant only when all owners (sole or joint) are deceased

Are stakeholder committees well-equipped to address shareholder issues?

BUSINESS

Are stakeholder committees well-equipped to address shareholder issues?

As committees play hard with the rule book, often, shareholders are forced to produce too many documents for regular transactions

How registrar and share transfer agents slap the rulebook on hapless retail shareholders

BUSINESS

How registrar and share transfer agents slap the rulebook on hapless retail shareholders

Even probates granted by high courts are unnecessarily put to further scrutiny by RTAs, thus delaying transfer shares to legal beneficiaries

Legal heirs responsible for paying deceased's tax dues

BUSINESS

Legal heirs responsible for paying deceased's tax dues

The legal heirs are liable only up to the extent of the assets that they inherit from the deceased