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How to secure the future of your dependants if you're in a Covid hotspot country overseas and your dependants , assets are in India ?

 These days we are flooded with queries of non resident Indians working over seas about securing the future of their families in India. 

Presuming, you're working abroad and your assets ( immoveable properties, movable properties) are in India and so are your dependants. 

If you are fearful of the uncertainties' of life then the best possible thing is to make a WILL

In the absence of your will, your mother, wife, children will get equal share in all your assets. 

Creating a WILL is simple and easiest way to communicate your intention to the family. 

I suggest, you video record it and share it with your close and trusted friends/ family members or employer. That ways if something happens to you then your trusted friends can reveal the existence of the will to your dependants. 

However, this is not too good as it creates a risk of losing the WILL due to negligence, willful destruction, suppression of WILL. 

The best thing to do would be to get it drafted through an expert lawyer scheduling a list of your assets and its distribution properly and subsequently sharing it on email with your immediate trusted family.

A will does not require Compulsory Registration.

It can be made on a Simple A4 size paper, letter, legal, email, SMS. 

It does not require notarisation or apostille. 

Just make sure you have it vetted through an expert lawyer so that substantive laws are applied and clauses are proof read. 

Wish you a long, healthy, apprehension free life. 


All Copyrights reserved with Gauri Neo Rampal, author.

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https://youtu.be/SHxhiKMuAng 

Video on the same issue is here. 



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