Avoid these 8 mistakes while writing a will to ensure your assets are passed onto your heirs

THE ECONOMIC TIMES Tue, Apr 24, 2018 | 06:31 AM IST ET Wealth Newsletter

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Avoid these 8 mistakes while writing a will to ensure your assets are passed onto your heirs While the writing of the will itself is a simple task and can be done on a plain piece of paper, it is best to do it under legal supervision. These stocks will benefit from a good monsoon The stock market usually reacts positively to normal monsoon as it leads to increased farm production and increased demand from rural areas. Should investors buy when stock market falls or rallies? Here's what data analysis says Buying in a momentum-driven market may work out, or may not. Timing the market is very tricky proposition. All common advices can backfire at times. From our Partners Health Insurance Premium: How it is calculated? Various factors can affect your health premium. Here are the top five. From our Partners Start Investing in Mutual Funds with as low as INR 500 with ET Money! A complete investing solution for smarter generation; Invest in Mutual Funds, Manage Expenses & Buy Insurance online Think you are managing your finances very well? Think again We are unlikely to find fault with our decisions. The perils of overconfidence are so widely prevalent that we are most likely to see ourselves as doing well. Why there is no alternative to equity for long-term investments "Keep your money in equity-backed investments. There are no ifs or buts here. If you do not do so, you will expose yourself to many long-term risks." Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth 5.40 -2.35 15.48 15.79 Invesco India Growth Fund Direct-Growth 8.44 9.03 27.04 15.42 Kotak Select Focus Fund Direct-Growth 5.60 2.57 13.61 14.89 JM Multi Strategy Direct Plan-Growth 5.53 -0.82 11.66 14.48 Mirae Asset India Equity Fund Direct- Growth 5.49 2.33 17.36 14.34 FeaturedDSPBR Dynamic Asset Allocation Fund Direct-Growth ★★★★★ 1.51 0.82 6.79 8.30 Start SIP Why promoters reducing their pledged shares is good news for investors An analysis shows that the market has rewarded companies where the promoters' pledging has gone down and penalised companies where it has increased. When and how should a tenant deduct TDS on rent paid to landlord? Individuals paying rent of more than Rs 50,000 per month have to deduct 5% of the rent paid in a financial year as tax. Here's how to pay it.

Financial Calculators New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds. Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay.

How to stay on top of your work while travelling Your biggest challenge is staying on top of your work and remaining productive through your travel days especially when travelling regularly on work. Should you buy OPD insurance cover? There is a need for insurance plans that take care of outpatient department (OPD) expenses. However, OPD products have so far failed to become popular due to various reasons. Should one prepay home loan when nearing retirement? One must consider the impact of the decision to pay off all debts with retirement corpus on one's retirement income. How to make an error-free will Here are ten tips on how to draft a basic will by including the mandatory details and avoiding technical glitches and mistakes. What happens when one dies without a will If a person dies intestate (without a will), the inheritance is passed on according to the succession laws applicable to him as per his religion Estate planning queries: Here are answers to 8 common queries on wills One should try to make an error-free will to minimise the risk of disputes in family. Here are eight common queries answered related to wills. What is a living will? How does it work? This is essentially a document that allows a person to decide in advance the course of medical treatment he would want if he were rendered terminally ill. Invest in stock market via SIPs to deal with volatility: Sunil Subramaniam, Sundaram MF "I would recommend investors do the same—to demarcate a long-term portion and short-term portion in their portfolios, depending on their risk tolerance." How to open PPF account online To make the account opening process easier and more accessible, it is now possible to open PPF accounts online. This facility is available only with banks. MF Portfolio Doctor: Early start to investing can help Sheoran achieve ambitious targets If you want to get your fund portfolio examined, write to us at etwealth@timesgroup.com with "Portfolio Doctor" as the subject. Family Finance: Why salaried Kumars are on track to reach their financial goals Couple's goals include saving for emergencies, kids' education and weddings, a car and another house, and their retirement. Aditya Birla Sun Life Pure Value Fund: Ideal for aggressive investors The fund's portfolio has expanded over the past year, as its corpus has grown, resulting in a more diversified portfolio. Stock pick of the week: Why analysts are bullish on Grasim shares Likely strong earnings growth and large free cash flows and improving performance of its subsidiaries has made Grasim analysts' favourite Bengaluru takes home the fattest pay packet: Randstad Report A Randstad report says that specialist doctors are the best paid in the country. ET Wealth looks at the key findings of the report. What is venture capital investment? The venture capitalist usually gets ownership stake in the company and hence becomes an integral part of the decision-making process in the company. Now, pay more to sit with family on Air India flights The national carrier has joined the list of airlines imposing seat selection fees on passengers for both domestic and international flights.

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