Vista Wealth
ESTATE PLANNING: POINTS TO KEEP IN MIND WHILE MENDING A WILL
If a new will is being made, the testator must review his earlier bequests and if required, modify or retain the same in the new one so that there is no ambiguity between the two. A will is a legal declaration of the intention of a testator with respect to his property. If a person dies without making a will, he is said to have died “intestate” and in such a case, his property is inherited by his heirs in accordance with laws of succession. If the contents of the will need to be changed due to a change of circumstances, it can be done either by a codicil (addendum) to the existing will or by completely replacing the will. However, the following points should be kept in mind while changing a will. REVOCATION OF OLD WILL While making a new will or codicil, the testator should mention about earlier ... Read More
MAKING MONEY IS EASY, LEARN TO MAKE IT LAST
Use Your Money Wisely If you think making money is difficult, especially in these turbulent times, wait till you try to make it last. It takes all of one’s financial acumen and enterprise to save, invest and help it grow. More so for celebs and stars, who are wont to churning out copious amounts of wealth and creating unwieldy portfolios. Handicapped by lack of financial expertise and paucity of time, they often end up entrusting their wealth to inefficient wealth managers, or worse, unscrupulous ones. At other times, boosted by success and faux confidence in their own abilities to manage money, they take wrong investing decisions. Then there’s the heady pitfall of power, which makes them believe their money will last forever. For these and several other reasons, the world touts a long list of celebrities who have acquired untold wealth, only to lose it all. Some have learnt their ... Read More