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compensation of Tawei Liao's inheritance (cash and property) Hello Mr. Buchli, Tawei Liao received inheritance from his deceased parents, including 1/3 of the family house in Harbor City, California, USA and some cash, around 90K left now. These are pre-marriage money and have nothing to do with me but have everything to do with our sons, Ocean and Forest Liao. Lately Tawei Liao made a will and informed his brother and his sister that if he dies, he's going to give all his pre-marriage money, including 90K usd and 1/3 of ownership of the property to his brother and his sister. The current value of the property is about 810K+ usd. So Tawei Liao has deprived his own children, Ocean and Forest Liao from the inheritance of at least 360K usd. I'm asking for compensation of Ocean/Forest's loss from rightful inheritance. Both Ocean and Forest should receive 180K usd immediately. At the mean time, 360K usd should be deposited into my personal account as the compensation money must be taken from the common accounts that I own 1/2 of it. This should be done ASAP. Be graciously blessed, -ting

Have you documented your inheritance wishes? Have Mum and Dad? This is a must read. vestadvisory.com #succession #inheritanceplanning #executor #trustee #wealthtransfer David Naphtali Michael Naphtali

Know About Inheritance Rights in India - PROPERTY Last Updated: Dec 23, 2023 You inherit property when your parents or grandparents, or any other relative pass away. This inheritance can either be through a will or intestate succession. Intestate succession means that the property will pass on to your legal heirs through rules created by the laws of succession. Different personal laws govern the rights of heirs to an estate. Many people do not know how inheritance rights function and this lack of knowledge leads to issues during partition or succession. Through this article, we will tell you how heirs' rights to property function in India. The Right to Inherit Property Before we discuss the heir property rights, it is essential to understand the two types of property. Typically, a property is of two types: Ancestral property: Such property is passed on through generations. An heir typically has a right over an ancestral property by his birth. Self-acquired property: A self-acquired property is a property that the owner has earned through his efforts. A property becomes your own only when you can legitimately claim to exercise some rights over it. For instance, your neighbor's house is not your property because you don't have any rights over it. However, your own house is your property because you can legitimately exercise some rights over it. Thus, acquiring a property means becoming capable of exercising some rights over it. CONTD BELOW IN COMMENTS COLUMN

Managing assets across borders as an NRI can lead to a web of legal complexities. From diverse inheritance laws in India to host countries, the challenges are real. The key? A well-crafted Succession Planning. It's not just about assets; it's about safeguarding your identity. For NRIs, having a Will is not just a recommended practice; it's a critical tool. Proactive estate planning ensures a seamless transition for your global legacy. Let's prioritize protecting our assets and ensuring our loved ones are well provided for, regardless of borders. AasaanWill featured on The Times Of India US and Canada section #NRI #EstatePlanning #LegacyManagement #InheritanceLaws #willsandtrusts https://lnkd.in/g9q-nq4p

Inheritance issues in second marriages can be complex. We are here to help you avoid conflicts and maintain control over your legacy.

Inheritance issues in second marriages can be complex. We are here to help you avoid conflicts and maintain control over your legacy.

Estate Planning: Be intentional and be in Control Without a #WILL or a carefully crafted WILL detailing your instructions and intentions, your Estate and Assets may be distributed away to unintended #beneficiaries . Be in control, be clear with your Assets via your #scheduleofAssets , be clear about your intended Beneficiaries or Class of Beneficiaries, be clear with your instructions and intentions via a customise comprehensive #willsandtrusts . Take a look at the following news article on #TheStraitsTimes for more insights. Man fails in claim for inheritance left by grandfather to only male-line grandsons https://lnkd.in/gdKamYMC

WILL DEED & NRI Indians today are more mobile than ever before, migrating to most parts of the world. Asset ownership across the borders is also becoming more common. And with that comes a set of new challenges. Should Non Resident Indians (NRIs) make a separate Will for overseas properties? What is the right way to make a Will? What happens if he dies intestate, that is, without making a Will? How should NRIs handle cross border legal issues? Should NRIs make a Will? Making a Will is not a legally mandated requirement. However, if you die without leaving a Will behind, your family will have to follow the 'laws of intestate succession' in deciding how to split your assets. It is a misconception to believe that all the estate is automatically passed on to the spouse. ""In India, Hindus, Sikhs and Jains are covered by the Hindu Succession Act 1956. With the exception of Muslims, everyone else is governed by the Indian Succession Act 1925. Muslims are largely governed by the Muslim personal law," If any person dies intestate, which is without a Will, the law of natural succession will prevail. According to the law of natural succession a person's property shall devolve equally on all his legal heirs who are primarily parents, wife and children as Class 1 heirs and if he has no Class 1 then Class 2 which are immediate blood relation and so on, according to specified list. In Muslim law not more than 1/3 of the property can be bequeathed by way of testamentary powers. The rest is devolved equally on all the lawful legal heirs. So a Will under the Muslim law is applicable to only 1/3 of the property after the payments of his funeral, debts and other charges" What is the process of making a Will? Remember these basic points while making a Will in India: There is no prescribed form for a Will. It only needs to be properly signed and attested. The Will can be in any language. Two witnesses must attest a Will; one preferably a doctor. The witnesses should sign in the presence of each other and the person making the Will. The Will should provide for the appointment of executors, though not mandatory. In India, the registration of Wills is not compulsory. Step 1: A Will can be made on a simple piece of paper which can then be notarized with two witnesses while the NRI is still abroad. This would work if all the legal heirs are being given the property in equal shares and the possibility of any one party challenging the Will is low. Step 2: On his/her next trip to India the Will should be registered with the department of registrations where the property/s are situated. This is particularly important if the line of succession is being cut and any one of the legal heirs is being deprived of their share. For instance, if any one of the Class 1 legal heir is being deprived of their right to inheritance. The person has to be physically present in front of registrar to get a Will registered as photographs of the person and signatures are verified.

Being proactive and planning for the unexpected, such as your passing, could ensure that your loved ones don’t argue over your assets when you’re gone… 🗣 🛠 𝗔 𝗿𝗶𝘀𝗲 𝗶𝗻 “𝗗𝗜𝗬 𝘄𝗶𝗹𝗹𝘀” 𝗺𝗮𝘆 𝗯𝗲 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗻𝗴 𝘁𝗼 𝗮𝗻 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗻𝘂𝗺𝗯𝗲𝗿 𝗼𝗳 𝗶𝗻𝗵𝗲𝗿𝗶𝘁𝗮𝗻𝗰𝗲 𝗱𝗶𝘀𝗽𝘂𝘁𝗲𝘀 During the Covid-19 pandemic, many people likely started worrying about their health, and as a result, may have created wills themselves. Though, one of the dangers of making your own will without the help of a professional is that it may not be valid. Having an invalid will is essentially the same as not having one at all, and your estate could be divided according to the rules of intestacy as a result. If this happens, your wishes may not be carried out, and your loved ones could argue over the division of your assets. 😓 🌊 𝗔 𝘄𝗮𝘁𝗲𝗿𝘁𝗶𝗴𝗵𝘁 𝘄𝗶𝗹𝗹 𝗰𝗼𝘂𝗹𝗱 𝗵𝗲𝗹𝗽 𝗽𝗿𝗲𝘃𝗲𝗻𝘁 𝗶𝗻𝗵𝗲𝗿𝗶𝘁𝗮𝗻𝗰𝗲 𝗱𝗶𝘀𝗽𝘂𝘁𝗲𝘀 Having a professionally written will could be an invaluable tool for avoiding familial disputes after you pass away. This is because you can properly lay out your wishes in it and ensure your loved ones know exactly how you want your assets divided. 😊 To make sure your will is as watertight as possible, it may be worth: 📜 Ensuring your will is valid by working with a legal professional. 📜 Reviewing your will after significant life events, and updating it when necessary. 📜 Having a plan for estranged family members to ensure they don’t contest your will. 📜 Writing a “letter of wishes” to outline your reasons for certain decisions, such as excluding someone from your will. 📜 Using our expert advice to devise a plan to share your assets in the way you desire. You can read more about how your will could prevent inheritance disputes in the article linked below. 👇

AN INHERITANCE IS WHAT YOU LEAVE WITH PEOPLE. A LEGACY IS WHAT YOU LEAVE IN THEM. Unlocking Succession Secrets in Indian Real Estate We often see strained family relationships after the death of an elder, due to disputes over inheritances, particularly real estate. Navigating Complexity for Seamless Transfers 🔹 Introduction: Understanding Succession Laws in India is crucial for every real estate enthusiast. Let's delve into the intricacies together! 🔹 Legal Frameworks: - Hindu Succession: Mitakshara and Dayabhaga schools - Muslim Succession: Sharia principles - Christian Succession: Indian Succession Act of 1925 🔹 Navigating Complexity: Conduct Due Diligence ✔️ Ensure Clear Title Clearances ✔️ Draft Comprehensive Wills ✔️ 🔹 Empowering Professionals: Succession planning isn't just for lawyers! Real estate pros and homeowners alike benefit from understanding these frameworks. 🔹 Conflict-Free Succession: Proper Planning Ensures Conflict-Free Succession – the key to seamless property transfers and family harmony. 🔹 Conclusion: Let's prioritize proper real estate planning for a smooth and stress-free succession journey! 📞 Follow me on LinkedIn for similar insights https://lnkd.in/gKSdHnpA