Gifts to relatives, as defined under the Income Tax Act, 1961, are exempt from tax under Section 56(2)(x). Property inherited through a Will is also not taxed | Real Estate News ...

Chandigarh: The Chandigarh administration has issued fresh clarifications regarding property transfers in the city, particularly those involving wills.

SYRACUSE, NY – New York residents planning for the future face an important decision when choosing between a living trust and a will, two estate planning tools that ...

4. If the person is unable to sign their own will, they can mark it with a thumbprint or a sign (like an X) in the presence ...

The law is clear on how a will must be signed and witnessed. One of the requirements for a valid will is that the testator must sign each page of the will with what is commonly known as a “wet ink” ...

A dispute involving a prominent company recently demonstrated how the sudden demise of the owner/ promoter, compounded by complex family dynamics, can disrupt carefully structured succession planning.

A valid will becomes a necessity once you retire. But simply having one is not enough. The will should be carefully drafted to avoid these costly errors.

Wills play a critical role in deciding how your assets (estate) are distributed after you die. “People should review their wills any time they experience a life-changing event after the will has ...

A terminally ill father, estranged from his adult daughter for years, recently found himself confronting a question no parent ...

In Intestate situation under Indian Succession Act, son’s widow Gets one-third and children two-thirds of the assets; Mother ...

Q. I am the youngest daughter among one son and three daughters. My mother has passed away, and I spent over five years caring for my father, who suffered from post-stroke complications, even giving ...

As per Section 63 of Indian Succession Act, 1925 for a will to be valid it has to be signed by the testator and witnessed by minimum of two witnesses.