Estate Planning

Estate is everything that one owns viz. assets & owes viz. liabilities and responsibilities. Estate planning is the act of preparing for the transfer of a person’s wealth and assets after his or her death. Assets, life insurance, pensions, real estate, cars, personal belongings, and debts are all part of one’s estate. Estate plans must be written, signed, and notarized by the person who owns the estate.

How to choose a financial advisor

A financial advisor guides you to

Allocate assets in the most optimal way
Save and spend better, and grow your wealth
Achieve your short-term, medium-term and long-term financial goals.

Are you aware of the tax benefits corporate employees get?

In the last four years, the government’s efforts to widen the tax base resulted in an 80% jump in the number of returns filed to 6.85 crore in 2017-18 from 3.31 crore in 2013-14. Data released by the income tax department showed a massive gap between the salaried whose taxes are deducted and the non-salaried. Rajesh, a client of ours, was unhappy with the Budget 2018 when the finance minister raised standard deduction to ₹40,000 and that too in lieu of travel allowance. He felt worse when he read about some professionals who probably earned three times his income and yet do not pay tax. “Does the government even listen to us? We are the most honest taxpayers and our salaries are deducted at source. What benefits do we get?” he asked. This is when we decided to tell him about the benefits available to salaried employees in the corporate sector.

Get the best from your financial advisor

The financial planner is responsible for –

Creating and managing your financial plan
Managing your investments and liabilities
Managing your financial goals
Retirement Planning
Tasks such as estate planning and tax management

Factors to be considered while selecting mutual fund schemes

Today, with over 3,500 mutual schemes available in the market the task of picking the right mutual fund can be rather mind boggling. Moreover with a tendency amongst investors to fall for the “Rs 10” investment proposition – offered by New Fund Offerings (NFOs), the task of picking the right ones can be even more daunting. While many investors also do feel that ‘any’ mutual fund can help them achieve their desired goals, let us apprise you that each mutual fund scheme is unique and caters to a certain risk profile.

Taxation of NRIs and PIOs

You landed yourself a plush job outside the country, you are living the dream. Your favourite aunt can’t stop addressing you as the NRI at every party. Suddenly your prospects are booming on the matrimonial sites due to your new found status. However, the Income Tax Act had a plan of its own and has laid out certain conditions to define your residential status. Your tax-ability in India will be defined by this status.