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HOW NRIs CAN PREPARE A WILL FOR TRANSFERRING ASSETS TO BENEFICIARIES IN THE DESIRED MANNER?

A Will valid under the Indian Succession Act should to be made by NRIs in respect of their Indian Assets.

The Indian Laws of Succession shall apply on the Indian Assets hence a Will valid under the Indian Succession Act should be made by NRIs, it has to have all the essential elements of a valid Will as listed in the following points.

🟥 The Will has to be in writing with precise details of the assets to be passed to the beneficiaries in the desired manner.

🟥 The names and details of the beneficiaries under the Will to whom assets are to be passed have to be clearly stated.

🟥 The person preparing the Will has to be identifiable along with his signature and date on which the Will is executed.

🟥 Signatures of two adult witnesses with their identification have to be obtained. It is advisable to have witnesses who are younger than the person preparing the Will and also have Doctor as a witness in case of an aged person preparing the Will. A witness should not be a beneficiary in the Will.

🟥 It is advisable to execute declarations of the two witnesses confirming the fact that they are the witness of the Will. These Declarations can be filed in court at the time of obtaining the probate after death.

🟥 Person signing the Will can sign before Notary Public or get the Will Registered at any authorized sub-registrar.

However, none of the two procedures are mandatory under law.

🟥 The person preparing the Will can appoint an executor (including a beneficiary) for executing the transfer of his/her assets to the intended beneficiaries. However, such an appointment is not mandatory.

🟥 Whether to sign the Will, without Notary, before Notary or get the same registered or to appoint an executor, depends on the facts & circumstances of the case.

IT IS NOT NECESSARY THAT THE NRI HAS TO BE IN INDIA TO PREPARE A WILL IT CAN BE EXECUTED EVEN OUT OF INDIA.
IT IS ALWAYS ADVISABLE TO MAKE A WILL IN RESPECT OF ALL YOUR INDIAN ASSETS SO THAT ONE CAN TRANSFER THE WEALTH TO THE INTENDED BENEFICIARIES IN THE DESIRED MANNER.

➡️ Contact us to plan the succession of your wealth to your successors in a legitimate, convenient and efficient manner.

Ashutosh NRI Services
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Ashutosh Financial Services Pvt. Ltd.
www.ashutoshfinserv.com

Mobile: +91 72288 48181 / 96010 06464
Email: nris1@ashutoshfinserv.com

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CAPITAL PROTECTION COUPLED WITH GROWTH, AN ATTRACTIVE INVESTMENT STRATEGY FOR NRIs IN INDIA

CAPITAL PROTECTION COUPLED WITH GROWTH, AN ATTRACTIVE INVESTMENT STRATEGY FOR NRIs IN INDIA. Combination of NRE Fixed Deposit and Systematic Investment Plans (SIP) in Equity Mutual Funds. ➡️ Concept: NRI Investors largely invest in Fixed Deposits (FDs) because they want safety of principal. What if, an investment offers safety of principal equivalent to FDs, but relatively higher returns than FDs? The following is the novel investment idea that gives capital protection and growth. ➡️ Three Step Investment Guide: Step 1: Investment in NRE FDs for 5 years. Step 2: Choose the option of annual interest payout. Step 3: Invest the interest income in equity funds every year by monthly SIP. ➡️ Example: Step 1: Investment in NRE FDs. ▪️ Investment in FDs: Rs. 25,00,000. ▪️ Annual Rate of interest: 5.50 per cent. ▪️ Duration of investment: 5 Years. ▪️ Investment Option: Annual Interest Payout. ▪️ Expected Interest Income Every Year: Rs. 1,37,500. Step 2: Annual interest payout. ▪️ On the above FD, expected interest income every year would be Rs. 1,37,500. Step 3: Investment of interest income in equity funds every year. ▪️ Invest Rs. 1,37,500 every year to Equity Mutual Fund – Growth Plan. ▪️ Ideally it can be investment of Rs. 11,500 per month in Equity Mutual Fund by way of a SIP by adjusting the cash flow. ➡️ Value of Investment after 5 years: ▪️ Expected Value of Investment in Equity Mutual Fund: Rs. 9,48,593. (Returns assumed – 12 per cent). ▪️ FD Principal Repayment: Rs. 25,00,000. ▪️ Total Value of Investment at the end of 5 years: Rs. 34,48,593. ➡️ Benefits of Investment in Combination: ▪️ Ensures high Safety of Principal (i.e. risk-free investment). ▪️ Investment in Equity Market only through interest income. ▪️ Increased Expected Returns, with minimum risk. ▪️ Investment done through NRE account in fixed deposits and mutual funds along with their returns are fully repatraible. ➡️ Analysis: ▪️ INVESTMENT IN NRE FD Investment Amount: Rs. 25,00,000 Maturity Amount at the end of 5 years: Rs. 32,67,400 Annualized Returns: 5.50% ▪️ INVESTMENT IN COMBINATION Investment Amount: Rs. 25,00,000 Maturity Amount at the end of 5 years: Rs. 34,48,593 Annualized Returns: 6.64% ▪️ BENEFIT OF INVESTMENT IN COMBINATION: Rs. 1,81,193 Please feel free to contact us Mobile: +91 72288 48181 / 96010 06464 Email: nris1@ashutoshfinserv.com Ashutosh NRI Services A service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •NRI Services •Income Tax & Estate Planning www.ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook, Instagram , Youtube , Twitter & Linkedin to receive all the latest information from finance world
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CAPITAL PROTECTION COUPLED WITH GROWTH, AN ATTRACTIVE INVESTMENT STRATEGY

CAPITAL PROTECTION COUPLED WITH GROWTH, AN ATTRACTIVE INVESTMENT STRATEGY. Combination of Fixed Deposit and Systematic Investment Plans (SIP) in Equity Mutual Funds. ➡️ Concept: Investors largely invest in Fixed Deposits (FDs) because they want safety of principal. What if, an investment offers safety of principal equivalent to FDs, but relatively higher returns than FDs? The following is the novel investment idea that gives capital protection and growth. ➡️ Three Step Investment Guide: Step 1: Investment in FDs for 5 years. Step 2: Choose the option of annual interest payout. Step 3: Invest the interest income in equity funds every year by monthly SIP. ➡️ Example: Step 1: Investment in FDs. ▪️ Investment in FDs: Rs. 5,00,000. ▪️ Annual Rate of interest: 6.8 per cent. ▪️ Duration of investment: 5 Years. ▪️ Investment Option: Annual Interest Payout. ▪️ Expected Interest Income Every Year: Rs. 34,000. Step 2: Annual interest payout. ▪️ On the above FD, expected interest income every year would be Rs. 34,000. Step 3: Investment of interest income in equity funds every year. ▪️ Invest Rs. 34,000 every year to Equity Mutual Fund – Growth Plan. ▪️ Ideally it can be investment of Rs. 2800 per month in Equity Mutual Fund by way of a SIP by adjusting the cash flow. ➡️ Value of Investment after 5 years: ▪️ Expected Value of Investment in Equity Mutual Fund: Rs. 2,30,962. (Returns assumed – 12 per cent). ▪️ FD Principal Repayment: Rs. 5,00,000. ▪️ Total Value of Investment at the end of 5 years: Rs. 7,30,962. ➡️ Benefits of Investment in Combination: ▪️ Ensures high Safety of Principal (i.e. risk-free investment). ▪️ Investment in Equity Market only through interest income. ▪️ Increased Expected Returns, with minimum risk. ➡️ Analysis: ▪️ INVESTMENT IN FD Investment Amount: Rs. 5,00,000 Maturity Amount at the end of 5 years: Rs. 6,94,746 Annualized Returns: 6.80% ▪️ INVESTMENT IN COMBINATION Investment Amount: Rs. 5,00,000 Maturity Amount at the end of 5 years: Rs. 7,30,962 Annualized Returns: 7.89% ▪️ BENEFIT OF INVESTMENT IN COMBINATION: Rs. 36,216 For further details feel free to contact us Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com Ashutosh Investment Services A service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services www.ashutoshfinserv.com Follow us using AshutoshFinserv at Facebook, Instagram, Youtube, Twitter & Linkedin to receive all the latest information.
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