Heirs face an uphill task claiming securities, mutual fund units as legal beneficiaries without nomination

Heirs face an uphill task claiming securities, mutual fund units as legal beneficiaries without nomination

We are in a phase of economic evolution where social security for oneself and family is achieved and shaped largely by individual financial planning and efforts rather than as a community mechanism, although a small part may be facilitated by government-backed mechanisms like the Employees’ Provident Fund, which does not cover the entire population. It … Read more

The pitfalls of leaving nomination blank in bank accounts and insurance policies

The pitfalls of leaving nomination blank in bank accounts and insurance policies

Securing our family’s future is topmost priority for most of us. Alongside taking insurance policies and making investments, there is a crucial step in this—estate and succession planning to ensure our family inherits our assets without delays, hardship, or confusion.  Yet, this aspect is often neglected due to the anxiety and discomfort arising from contemplating … Read more