Key Highlights
- Proper estate planning ensures your assets are distributed as per your wishes. Investment strategies should align with financial goals, keeping asset protection in mind.
- Legal documentation like wills and gift deeds must be structured carefully to avoid disputes.
- Special considerations, such as guardianship for special needs children, require detailed planning.
re you taking the right steps to safeguard your wealth and avoid legal pitfalls? Many people focus on growing their assets but overlook the legal and financial risks that can impact their financial security. In our recent session, "Shield Your Wealth: Avoid Legal Pitfalls and Safeguard Your Assets," brought to you by Franklin Templeton, Advocate Krishna Thacker shared key strategies for estate planning, legal documentation, and asset protection to ensure a smooth financial future.
With over 18 years of legal experience, Advocate Krishna Thacker specializes in Consumer Redressal, Banking & Finance, Property matters, and Family Law. She serves as a Legal Advisor for prestigious organizations, including Karnataka Co-operative Bank and Navi Mumbai Municipal Corporation’s Legal Aid Department. As a Bar Council of Maharashtra & Goa member and a Grade-B Mediator accredited by IIAM, she brings extensive expertise in legal mediation and dispute resolution.
Key Highlights from the Webinar:
🏡 Protecting Assets with Insurance & Estate Planning: Insurance safeguards your home, health, and financial future against risks like fire, theft, medical emergencies, or the loss of a breadwinner. A legally sound will, with an appointed executor and Aadhaar-verified witnesses, ensures smooth asset distribution and prevents disputes.
📄 Essential Documents & Family Access: Keeping critical documents—such as insurance details, bank locker information, and emergency contacts—organized and accessible prevents financial delays and ensures loved ones can access necessary funds in emergencies.
⚖️ Probate, Gift Deeds & Property Transfers: Probate legally authenticates a will, while gift deeds allow cost-effective, tax-friendly asset transfers. For inherited properties, updating mutation records with local authorities is essential to avoid legal complications.
💼 Nominees vs. Legal Heirs & Special Considerations: A nominee is only a custodian, not the legal heir. For special needs children, appointing a guardian in the will ensures responsible financial management for their exclusive benefit.
🔒 Legal Protection Through Registered Wills: A registered will provides stronger legal security than a notarized one, reducing the risk of disputes—especially in cases of unequal asset distribution among heirs.
Securing your wealth isn’t just about earning and investing, it’s about ensuring that your assets are legally protected and easily accessible to your loved ones. Legal and financial preparedness is the key to a secure future. Whether safeguarding your property, planning for special needs dependents, or understanding the role of nominees, these strategies ensure peace of mind for you and your family. Take the right steps today to shield your wealth and protect what matters most.
This webinar is brought to you by Franklin Templeton. For more such classes on investing, mutual funds, and more, download our app from the Google Play store or connect with our team on WhatsApp.
