EasyInherit

Transgenders & Inheritance rights: The legal roadblocks

Equality is a distant dream for the transgender community even today. They continue to be deprived of their fundamental rights, including the right to inherit property. It’s this grave situation that Soubir Bose, our Co-Founder and Chief Technology Officer, highlights in the blog, “Transgenders & Inheritance rights: The legal roadblocks.” He observes how making a will is the only viable solution in the current scenario. Read the full blog at https://www.easyinherit.in/post/transgenders-inheritance-rights-the-legal-roadblocks.

Though many people are aware of the importance of writing a will, they hesitate because of numerous misconceptions. Here are the most common ones:

1. Don’t want to discuss it with even lawyers:
Well, client confidentiality is always a top priority, especially with platforms like EI

2. Disagreement with partner/spouse:
Do you want to bequeath your luxury apartment to your eldest, while your wife wants to pass it onto the youngest? Umm…always better for you to reach a compromise than expect your children to sort it out later.

3. It’s a long, tedious process:
Not at all. The only thing you need to make a Will is the will to do so.

4. Only rich people have to make wills:
Estate planning is not about how much money or property you have. It’s about choosing what to do with whatever you have.

5. Makes the recipient complacent:
Some parents fear that their children will become laid back if they get to know (in advance) about their inheritance. Well, be good at keeping secrets, like we are!

So, what’s your excuse for not making a will? Contact Easy Inherit, India’s first full-service digital inheritance specialist, and you won’t need any more excuses. From creating a portfolio of assets to helping settle claims, all inheritance-related issues are handled with expertise at EI. And yes, we promise expert guidance and strict confidentiality, too. Visit https://www.easyinherit.in/ to know more.

Studies show that in India, family businesses account for nearly 79 per cent of the national GDP. In other words, their stability and growth are extremely crucial for the country’s economic prosperity. There are many factors that contribute to a business’s stability, and the role played by succession planning is a major one. So, here are some tips for successful succession planning of small family businesses.

1. Make the right choice
Traditionally, Indian families pass on their family business to the eldest son. But, does he have an aptitude for business? Is his life goal to become a businessman, or does he want to travel a different path? Does one of your younger children show more flair for entrepreneurship? These are some pertinent questions you should ask yourself before choosing a business heir.

2. Ease them into it
Let your will not take your successor(s) by surprise. Slowly introduce them to the ropes of the business. Let them start learning under your guidance.

3. Retain talent
If there’s a trusted employee who is well-versed in the affairs of your business, make sure to retain them; your heirs may find their advice and support invaluable.

Whatever your plans for your assets/businesses are, make sure to state them clearly in a will. After all, you would want your legacy to thrive, don’t you? Who you choose as your successor is your prerogative, but Easy Inherit is undoubtedly the best choice for all inheritance-related matters. Making a will, creating an asset portfolio, getting legal assistance and claiming inheritance – all of this is possible at EI. Visit https://www.easyinherit.in/ to know more.

EasyInherit makes inheritance planning, consolidation of assets, succession claims and every other aspect of inheritance management relatively easier with its legal know-how. It offers a total of 3 important services, intelligently bifurcated for different individuals and processes. Its multiple channels of communication, lawyer consultation service, legal documentation process, and safe storage of assets eliminate all your worries, making inheritance planning uncomplicated.

Let's take this moment to remember our beloved Bapu's teachings. Plan all your aspects of inheritance management with us in an Ahimsak manner.