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How to manage money, asset transfers after untimely death of a dear one
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Last Updated: Jun 07, 2021, 06:30 AM IST
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Synopsis
Rules related to the transfer of money/asset in the name of a nominee or legal heir varies. Before being able to access any of the assets/funds of the departed individual, one may need to figure out the following things.
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If the assets have been jointly held by the individual, one has to understand the type of the asset held and the rules pertaining to the same.
The current wave of Covid-19 has been devastating and many families have lost their near and dear ones. In the midst of this grief, the dependants have to take stock of the finances of the departed one.