
Let's revisit a common movie scene. A well-endowed embellished room. Many expectant relatives who, in most cases, have a dislike for each other. A lawyer or a respectable person walks in with a document, wears his spectacles and stoically reads out the contents of a 'WILL' of the deceased, the head of the family. What follows next is a dramatic twist of events ranging from an angry exchange of words, disappointment, tears and in a few cases, a series of murders. This, of course, is a played-out scene of a movie. Moving from reel to real life, have you ever noticed how people react when discussing a family feud over property? All conclusively and unanimously agree to the need for clarity in succession. Everyone in the room claims that a simple Will could have avoided the bad blood. And once the conversation ends, people go back to their respective homes and do not realise that they themselves have no such document in place. Financial matters may tear apart relationships in no time I recently met a lady who explained
This article was originally published on August 15, 2024.
This story is not available as it is from the Mutual Fund Insight September 2024 issue
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