Smooth Transfer Of Inheritance From Parents To NRI Children- The Guidelines To Follow

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Опубликовано:

27 июл 2024

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Комментарии : 57

@avinsegi 10 месяцев назад

Thank you for your videos; they are very educational. The term "NRI" itself seems discriminatory. No other country uses such terminology to distinguish between its citizens living inside or outside its borders. Many services are unavailable to NRIs, and even basic government service apps are restricted for them, including different income tax provisions. Our country greatly benefits from remittances from NRIs, more than many other nations. Despite having a significant number of its citizens living abroad, services are limited due to a closed mindset. Instead of solving a problem, the government often opts to just shut everything down. There are too many restrictions on making payment transactions or paying bills. It's well known that almost all NRIs invest in India and send money back. I'm surprised that no one is questioning why the country treats NRIs differently. Sir, could you please make a video on this topic?

@muraleedharannairpg3782 7 месяцев назад

@anupraj762 6 месяцев назад

Well said

@maheshtomar9831 10 месяцев назад

Thanks a lot, sir for sharing the important and useful video.

@AkshayVaishnav27 Месяц назад

If you want to save time, start at 26:50

@rajiv131in6 9 месяцев назад

Greatly appreciate Dr.rajeev

@mcsnambiar7862 10 месяцев назад

Very informative and extremely helpful video . Thank you.

@achag9273 4 месяца назад

Great video n discussion

@vinayashastry6156 6 месяцев назад

Very helpful

@azadpopatia2990 8 месяцев назад

detailed smooth and exhaustive explanation...thanks for the information. azad H Popatia

@devbr980 8 месяцев назад

Sir you are the best

@srilakshmibhamidipati2533 5 месяцев назад

Thank you sir....🎉🎉🎉🎉🎉

@manojkapoor1012 9 месяцев назад

One of the Best Channel for NRI to understand Money and its right usages.

@arunapothini3665 8 месяцев назад

If parents want to sell the property’s and send the money to NRI children How can we do it What is the process

@mohanannair1123 5 месяцев назад

Great talk. Have a question. We have properties/savings in my name and wife’s name and in joint. Do we have to prepare 2 separate WILLs, by self and wife? Or we can include all above mentioned in one sinhle Will signed by both?

@mercygjoshua4900 5 месяцев назад

Please advise the formalities to follow when funds received from sale of father's property is transferred to own son abroad, especially the tax implications, and other expenses that may arise in India

@Caroline-qj8vu 10 месяцев назад

Great advice thank you so much I love your videos .

@subhashneginhal2460 9 месяцев назад

What about HUF IS IT BETTER TO BREAK IT WHEN YOU ARE OLD

@azadpopatia2990 6 месяцев назад

excellent smooth detailed explanation. What are normal charges for services rendered.azad popatia

@rajeshpandya1990 8 месяцев назад

Hello Sir, Thank you, Please add some details on When parent is alive, and they give money Indian Rupees, and NRI wants to transfer money. what is process?

@cazdaz3863 3 месяца назад

Does a will made in the U.K. cover assets in India if they are not specified as such on the will? Does the term ‘residuary estate’ in a British will include property/ money you wish your children to inherit in India?

@eliasjonnalagadda 2 месяца назад

First of all I should thank you for providing such an important topic. I ave question say the will is executed by the parents under two witnesses but it is not registered. Now if the parents pass away so as the witnesses can this will be still valid?

@a.g9537 10 месяцев назад

I’m new here. Very informative videos. Can you please explain about inheriting ancestral property and land?

@avikmazumder8837 10 месяцев назад

Can a father transfer his property/ house etc to his son with gift deeds and is it needed to be registered on stamp paper? Without any will , while Father is alive. ..

@nikhilvarg 10 месяцев назад

Yes father can gift if he is ok to cede control. For the gift deed to be effective for immoveable property it should be registered after paying applicable stamp duty depending on the jurisdiction of such property. However, for transfer via a will such stamp duty is not applicable

@user-bg6lz2yi2q 4 месяца назад

Its just an advertising video > But if we ask them on how to create those documents and there are no answers

@rudys3649 10 месяцев назад

What is the implication of estate duties on assets inherited in india?

@nikhilvarg 10 месяцев назад

India currently has no estate duty and therefore no implications as such in India. That said, law in your home country should also be examined to understand if there are any implications. Usually assets received via inheritance by NRIs from Indian residents parents are not subject to estate duty even in the home country of the NRI.

@seshuaiyar-ur7mg 11 дней назад

I live in pondicherry with my wife,we are in our seventies and oci card holder,both of us in a wheelchair so do you have a office here?

@cazdaz3863 3 месяца назад

If you make a will in the U.K., will a will made in India revoke the will made in the U.K.? Sometimes British will makers tell their clients that they don’t know about the law in India and they cannot give them an informed answer? Can you please clarify this kind of scenario?

@gpkumar2173 10 месяцев назад

How to include assets in the will that would be created after the will has been written? For example financial assets created/generated subsequently?

@nikhilvarg 10 месяцев назад

You can update your Will any number of times to include assets that you acquire post writing your first Will. Having said this, capturing a clause on how to deal will future assets will give guidance to your family on how these assets have to be dealt with in case you have not updated the Will. In the Yellow platform, refer the section on "Residuary Assets" to specifically address this very situation.

@venkatrajeshwar290 10 месяцев назад

Invaluable service sir

@kalpananarendra7599 5 месяцев назад

Somehow I feel the whole gamut of discussion is having a son or sons are NRI. But what about if you hv one daughter NRI and one daughter or son Indian citizen. What type of bank account needs to be there if the stay of parents are NRI type

@MrRiteshsharma6 5 месяцев назад

When parent is alive, and they give money Indian Rupees as gift and NRI wants to transfer money. what is process? My parents have sold a property and they want to give that money to me and I need this money in UAE. Will in need to pay 20 % tax this property was bought using money that I transferred to India every month in last 10 years. Amounts were small 30k 1 lack a month

@srinivasacharikanaparthi4606 10 месяцев назад

Sir, I am a oci card holder from uk. My parents are passed away. Am I still eligible to register my parents agricultural land on my name please? Thank you

@mcsnambiar7862 10 месяцев назад

Yes, you can. You can not buy agri property but, you can get inherited agri property.

@nikhilvarg 10 месяцев назад

Yes , as an OCI cardholder, you can inherit agriculture land but not purchase it. Do note that, if your parents haven't written a Will and if you have siblings, all of them will be regarded as legal heir and may require additional documents such as succession certificate/ legal heir certificate (depending on the jurisdiction) before the title transfer can be undertaken.

@snehprakash3927 4 месяца назад

No discussion about the transfer of funds from INR in india. ....to USS IN USA This discussion isnt specific to NRIs

@sridhark1544 8 месяцев назад

I had this experience already when my Dad passed away. i stayed for 6 months to get all the paper work done and then left the country to my country of residence being an OCI holder. I practically was giving bribe to the RDO and VDO everyday which was more than the govt. taxes and charges.

@avikmazumder8837 10 месяцев назад

Can a will be changed without notice to the original nominee of the 1st will ?

@nikhilvarg 10 месяцев назад

Absolutely without any issues and any number of times.

@a.g9537 10 месяцев назад

Can I get succession certificate when my parents are alive?

@jessesebastiansamuel 7 месяцев назад

Do you offer services for NRIs in New Zealand?

@NRIMoneyClinic 7 месяцев назад

Yes , we do

@pratimagandhi3621 7 месяцев назад

Is will made outside India valid in India

@benkatar602 5 месяцев назад

This will thing is NOT entirely that easy. ANY WILL CAN BE DISPUTED and that i where all hell breaks loose

@rajagopalanjayakumaran7110 10 месяцев назад

Sir, can u pl clarify whether it is necesssry to make a Joint-Will (if permitted by law) by Joint owners (parents) for a single immovable property for inheritance to their only son (no daughter)?

@nikhilvarg 10 месяцев назад

Dependant on wishes of your parents. Ideally its best for them to write a separate Wills casting their wish for their specific interest in the immoveable property.

@SG-2021 4 месяца назад

What a waste of time for the first 10 minutes. Just telling what everyone already knows. Come to the solution part faster man ! Also very repetitive words. Each point has been explained in painful repetition !

@Kavishbudy007 17 дней назад

Very TRUE 😂😂

@RameshPatel-ph3ie 10 месяцев назад

Why are written legal wills transferring property to living partner of death have to share with children who are grown up and cannot have property in her name unless children have automatic right to share and selling becomes a nightmare nearly taking almost 18 months😢

@nikhilvarg 10 месяцев назад

@RameshPatel-ph3ie Did not understand your question. That said, I will attempt a response from what I could gather. In India, if you pass away without a Will then basis your religion, gender, etc the law defines how your assets have to be transferred. Further, it is not automatic, you still have to approach courts to obtain a succession certificate, legal heir certificate, etc before the asset transfer can happen which results in substantial cost and delayed timelines. Instead by having a Will in place this process can be avoided and more importantly your assets can be transferred as per your wish which may not necessarily align with what the law mandates.

@RameshPatel-ph3ie 10 месяцев назад

After one partner dies and will states property to go wife yet in India the authorities insisted wife entitled to property if son and daughter also inherit part of property .son and daughter not in will were asked to give undertaking that they do not want any share and mother to get the full right.both son and daughter live in Uk.

@nikhilvarg 10 месяцев назад

@@RameshPatel-ph3ie Which jurisdiction was the immovable asset? and was it a registered will?

@Dorothy-bf9ux 4 месяца назад

Waste of time watching this

@shanthakumar1852 5 месяцев назад

Very interesting and informative like to contact for inheritance for my children iamm 66 yrs now pls help and contact me foe creati g will or transfer of property when i am still active Thanks