Download Tax Saving Mutual Fund Application Forms
Invest In Tax Saving Mutual Funds Online
Leave a missed Call on
94 8300 8300
How to select an executor to WILL?
The executor is the most important person in the WILL, as it is the executor on whose request probate is granted by court. Probate is certified copy of the WILL which court issues on application of the executor appointed in the WILL. This is done to confirm the validity of the WILL and the executor's right to administer the estate of the deceased. You cannot just name an executor just like that while writing a will as he/she is under no compulsion to become so. So it is better to inform the person in advance and take his permission if he's ready to act as executor to your WILL or not. Executor can be anyone from your beneficiaries or can be a third person. He must be honest, faithful and person of confidence, as he'll be the legal representative for all purposes of a deceased person. It is better to have someone younger to you as executor and as far as possible also appoint an alternate executor to answer the situation in case executor predeceases the testator.
You may also appoint law firm, a company, a trust, a bank etc. individually or jointly with other executor to act as your single or co-executor of WILL.
Selecting Witnesses
There has to be at least 2 witnesses to your WILL, without their signatures the WILL would be treated as VOID. Witnesses should not be among your beneficiaries. Witness's job is not to confirm the content of the WILL, they just have to validate that the testator has signed in their presence.
As per section 63 of succession act, "Will is to be attested by two or more witnesses and each of whom should have seen the testator signing or affixing his mark to Will or has seen other person signing the WILL in the presence and by direction of the testator and each of the witnesses shall sign the WILL in presence of testator".
As WILL is to be written by person of sound mind, so it is advisable to have one of the witnesses as Doctor who can confirm that you are of sound mind and also if possible get a lawyer as one of the witness, whom you can also take advice from on the legal structure of the WILL.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them
OR
You can write back to us at
PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
Download Mutual Any Fund Application Forms
---------------------------------------------
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Franklin India Bluechip
- ICICI Prudential Top 100 Fund
B. Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Birla Sun Life Front Line Equity Fund
- Franklin India Prima
C. Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Birla Sun Life Dividend Yield Plus
- SBI Emerging Businesses Fund
- HDFC Mid-Cap Opportunities Fund
- ICICI Prudential Discovery Fund
D. Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
2.Franklin India Smaller Companies
E. Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- ICICI Prudential Banking and Financial Services Fund
F. Tax Saver Mutual Funds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
G. Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
- Birla Sun Life Gold
H. International funds Invest Online
1. Birla Sun Life International Equity Plan A
2. DSP BlackRock US Flexible Equity
3. FT India Feeder Franklin US Opportunities
4. ICICI Prudential US Bluechip Equity
5. Motilal Oswal MOSt Shares NASDAQ-100 ETF
0 comments:
Post a Comment