What is the MWP Act?
MWP Act refers to the Married Women’s Property Act. This was created in 1874 with a motive to protect the interests of married women over the property. In 1923, there was an amendment to this Act which states that the proceeds of the insurance under this Act would belong to beneficiaries who would-be wife and children.
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Estate planning means accounting for all of your assets and ensuring that transfer happens as smoothly as possible to the people or entities you wish should receive them. Check out this video to get a list of pointers to note for a successful Estate planning.
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How to ensure that our loved ones are protected even when we are not there with them? We need to make sure that they are taken care of even after an unfortunate event of death.
Will: Will allows the testator to explicitly assign and allocate the assets to the person whom he wants to bequeath the wealth. Will should be dated, signed and should be written in a sound mind which...
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Estate Planning: https://youtu.be/dqupS–Kwqc
We always care for our loved ones and wish that nothing in the world hurts them. We can be assured that they are protected if we have Will. Will is a legal and bonafide document which comes into effect on the unfortunate event of the death of the Testator. An executor has to assign...
https://www.youtube.com/watch?v=dqupS–Kwqc
Important points to consider while writing a Will
Why do I have to prepare the Will? Am I not too young to prepare the Will?
We all think the same but is it really true? We can’t leave our loved ones without any security or protection when we are not there with them.
Will preparation is a meticulous task but has to be...
Sensex being Bullish all the way and touching all-time highs! Seems like a dream come true. But wait, is there more to it or is it plain riding on the waves of the unknown? These are peculiar times and there is no perfect answer to any question as of now due to the dynamic scenario. Then how should you determine whether to stay invested or to pay off your loan?
Here are some...
Handling finances is a little tricky! But not if you learn the tricks of the trade – Money Ratios. Money Ratios are like a torch on the foggy road, so they will teach you how to evaluate the financial health.
What are Money Ratios?
Money Ratios refer to the financial perimeters which can be calculated based on the components of Personal Finances like debt, monthly...
Section 80C is the most popular section of Income-tax. Maximum 150000 deduction is allowed and you can save up to 45000 tax every year by utilizing this section. Under 80C, public provident fund, life insurance policies, tax-saving fd’s, equity-linked saving schemes (ELSS) are few most popular tax saving options. But many few people know tuition fees paid for child education can...
In India, when it comes to financial planning or financial discussion, more than 70% of people don’t want to disclose their financials or they don’t discuss their financial goals with experts to get financial advice. Mostly we take advice from our friends or colleague or we do some research by ourselves before making any investments.
But in this fast-growing financial...
It’s time to bid adieu to 2020 and welcome the New Year 2021. We all make New year’s resolutions but we ignore the most important part: Financial Health. Let’s change the tradition and make financial resolutions for 2021.
Create a Budget
Preparing the budget is an important tool to control costs and expenditure. Here is an effective tip to make an efficient budget. Consider all...
