Look at some of the excuses that people give for not making a will:
– I have a lot of money, but so do my kids. They will not fight for Rs. 50 lakhs.
So true. I heard of a family which fought for Rs. 50, 000 crores, I am sure you did to!
– I am not like Birla…my money is not worth fighting over. NOBODY (REPEAT NOBODY) is going hungry because of the ‘Will’ fight between Birla and the Kedias.
I have heard of cases where the son has refused to pay for the younger brother’s college fees. I know of a brother who refused to pay for his sister’s marriage expenses.
Please clarify which investment is for which goal, make a will, specifically say Rs. 20,00,000 lying in ‘ABC mutual fund’ is to be used for Miss. S (my daughter)’s education, marriage,…etc. ONLY.
Remember you will not be around to answer the questions – so the clarity has to be fantastic….just a thought is not enough.
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