Estate Planning
How much term cover you actually need
The ten-times-income rule is a starting point that ignores your loans, your children's ages and the fact that your spouse…
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Estate Planning
Wills, nominations, joint holdings and succession — so what you leave behind reaches the people you meant it for.
A nomination is not a bequest
A nominee receives the asset as a trustee for the legal heirs in most cases; the will decides who ultimately owns it. Keeping nominations current still matters, because it is what makes the claim quick — but it does not replace a will.
Writing a will #
A will must be in writing, signed by the testator and attested by two witnesses who are not beneficiaries. Registration is optional and inexpensive, and it makes the document harder to dispute. Name an executor, list assets clearly enough to identify them, and revisit the will after a marriage, a birth or a major purchase.
Succession law applies by default #
Without a will, intestate succession under the personal law applicable to you decides the shares, and the family applies for a succession certificate or letters of administration. That process is slow and public, and it rarely matches what the deceased would have chosen.
What you will need
- List of all assets with account and folio numbers
- Property title documents
- Insurance policies with nominee details
- Existing will, if any, and the executor's contact
- Details of loans and liabilities outstanding
- Digital account and locker details
Latest on Estate Planning
Estate Planning
Estate Planning
A nominee is not an heir — why your will still matters
Filling in a nomination form feels like estate planning. It is not. A nominee receives the asset; who is entitled…
Latest articles
Estate Planning
How much term cover you actually need
The ten-times-income rule is a starting point that ignores your loans, your children's ages and the fact that your spouse…
Estate Planning
A nominee is not an heir — why your will still matters
Filling in a nomination form feels like estate planning. It is not. A nominee receives the asset; who is entitled…