In the prior is-sue, our column demystified in detail several aspects of making a ‘Will’ and the relevance of it to all individuals with assets, but especially, senior citizens. What will happen if a person dies without making a Will? What happens to his/her assets? Read on to learn more on the subject. The laws of succession can broadly be divided in two parts: (a) where a person dies leaving behind a valid and enforceable ‘Will’ (a document that is drawn by a person with clear instructions as to how his/her assets are to be distributed on his/her death) and (b) where a person dies without leaving behind a ‘Will’. Where an individual dies before making his/her Will, such a person is said to die ‘intestate’ and succession to assets of intestate persons is referred to as ‘intestate succession’.
Did you know that in India, succession and testamentary matters are governed by the personal laws of each individual? The Indian Succession Act, 1925 (‘the Act’) governs the law on succession in India for Hindus, Jains, Sikhs, Buddhists, Christians and Parsis; and for intestate disposition for Parsis and Christians. The Hindu Succession Act, 1956 codifies the law relating to ‘intestate’ or ‘unwilled succession’ among Hindus, Buddhists, Jains and Sikhs. The Muslim law of succession is a combination of four sources i.e. The Holy Quran, Sunna (practice of prophet), Ijma, (consensus of the learned men of the community over the decision over a particular subject matter), Qiya (deductions based on analogy on what is right and just in accordance with good principles).
Denne historien er fra September 2020-utgaven av Dignity Dialogue.
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Denne historien er fra September 2020-utgaven av Dignity Dialogue.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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I Hope I Never Lose My Voice
Asha Bhosle, the evergreen playback singer who has some of the greatest film hits to her credit, celebrated her 88th birthday in September 2020. But age has never been a determining factor. She continues to do what she loves the most – singing.
Reverse Mortgage: A Boon for Seniors
The thought of being financially independent, not running short of funds in case of medical emergencies and not being a burden on their children accords a lot of mental peace and a restored sense of dignity to the elderly. Dr. Sampath Iyer explains how reverse mortgage makes this possible.
Get Rid of that Bronchial Cough
Symptoms of acute bronchitis usually resolve within one or two weeks with home treatment. You should start to feel noticeably better after a few days. Meanwhile, drink plenty of water and warm liquids and eat healthy foods. The article highlights some of the home remedies that work.
Build Bridges, Not Walls
To be able to live in harmony with each other, we must learn to not just contact but also connect, suggests V Anand Kumar.
Balancing Spirituality and Indulgence
Susanne Kempken, co-founder of The Guided Meditation Site, explains why there is no harm in being indulgent while being spiritual.
Self-Control: The Need of the Hour
‘The Marshmallow Test’ by Walter Mischel is a good book to read for those interested in understanding self-control and learning how to master it. Indira Ananthakrishnan gets into further details of what it means.
Different Kinds of Wills
Wills are an important part of the financial planning process. A will is a legal declaration that spells out a person’s wishes and intentions in matters of care of dependents or inheritance of property after his or her own death. Here is an article on the different types of wills.
Doctor in the Kitchen
Even as we turn to finding a cure for our ailments in our kitchens and gardens, Dr. Sonam Vohra provides an insight into what makes for a home remedy and why caution is required.
Stick to a Healthy Diet
Given the current pandemic there is so much information being shared about what makes for a healthy diet that it can become overwhelming. However, there are just a few simple pointers that you must keep in mind.
Understanding the Corona Virus Vaccine
Getting vaccinated is the best way to protect oneself and others from severe illness or death, especially in the case of the coronavirus. This is in addition to other recommended precautions such as wearing mask, keeping social distance and maintaining a high level of hygiene. K R K Moorthy explains how the vaccine works and the possible side effects.
