Synopsis
It is ideal for women to empower themselves financially, not just in terms of earning potential but also in being financially literate. Here are some of the steps women should take to ensure they don’t risk their financial wellbeing in case the marriage doesn’t work.
ThinkStock Photos
As a rule, never sign any blank or official document presented by your husband or in-laws without reading it.
Despite a rise in the number of women in workforce, financial freedom is not easily realised by most, especially after they get married. Women typically lose control of their finances after marriage, either because they leave their jobs, or merge their wealth, or just leave the financial management to their husbands. This can be either a joint decision, or as in most cases, due to family pressure, or after childbirth. Letting go of financial control results in a skewed relationship, where the woman is often left at the mercy of her husband, or worse, to fend for herself if the m
Text Size:
A+
Dowries are wealth transfers from the bride’s family to the groom or his family at the time of marriage. Despite being illegal, dowry payments in India are widespread and often amount to several times more than a household’s annual income (Anderson 2007). Previous studies have linked dowries to gender-based violence, such as sex-selective abortion (Alfano 2017, Bhalotra et al. 2020), bride burning, dowry deaths, and other forms of intimate partner violence (Bloch and Rao 2002, Menon 2020). It has also been shown that higher dowries can increase women’s decision-making power in their marital families (Zhang and Chan 1999, Brown 2009, Calvi and Keskar 2020b).
‘It is imperative that women make a Will’
Neha Pathak, Head of Trust and Estate Planning, Motilal Oswal Private Wealth Management×
Neha Pathak of Motilal Oswal throws light on the succession rights of women
Financial inclusion for women goes beyond banking privileges, and tailor-made investment and insurance products.. Access to assets through inheritance - an area in which women descendants are still not given an equal oppurtunity as men in most cases - too is vital. So is her right to decide who gets her assets beyond her lifetime. We catch up with Neha Pathak, Head of Trust and Estate Planning, Motilal Oswal Private Wealth Management
"A perusal of Section 15(1)(d) indicates that heirs of the father are covered in the heirs who could succeed. When heirs of the father of a female are included as person who can possibly succeed, it cannot be held that they are strangers and not the members of the family qua the female," the bench said.
Heirs Of Father Of Woman Can Inherit Property Under Hindu Succession Act: SC dtnext.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dtnext.in Daily Mail and Mail on Sunday newspapers.