In my Utopian world, senior citizens simplify and consolidate their assets, liquidating what is not likely to be used by the children. They then invest that money in easily realizable financial assets and use the money to pay rent to live wherever they wish and spend it to travel and give as they wish. And then they leave without burdening their children with onerous and cumbersome assets. Into that world, my Lord, let us seniors awaken. This is what I wrote in this column some time back. I have done it long back. I used to say that I have no "sothu and pathu", because they are kept under easy transfer; but the theory in ET has a fallacy. If the legal hairs are residing only within, there is no difficulty for them in taking over the assets and carrying on where the transferor left. But if the legal hairs reside outside or foreigners or citizens, who will find it difficult to convert as they may not use them here, then even if we keep all the assets in a bank , still , those foreigners may not be able to take them all in one shot as forex. One riddle solved is, tey can come do all the samskara and fly off , transferring in parts, probably within 10 years. KR IRS 211022
On Fri, 21 Oct 2022 at 16:50, Rangarajan T.N.C. <[email protected]> wrote: > > https://economictimes.indiatimes.com/wealth/plan/6-ways-senior-citizens-can-simplify-assets-for-their-legal-heirs/6-ways-senior-citizens-can-simplify-assets-for-their-legal-heirs/articleshow/94874399.cms?utm_source=newsletter&utm_medium=email&utm_campaign=ETwealth&utm_content=Stories&utm_term=2&content=&ncode=1a3c5f0bdc8f5f293c3d2e4370fdcb1a79e7bdc6fb9c2c018dec00304d2d35f1e2d4314e337c63a6f6b50ae21fba7e404192948723278b8c90b5022f555121bdea16bd9cb164e8e85e2b6b934b100bac > -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/thatha_patty/CAL5XZooQBQsTS6_OGF6yqF212Au7poQ9OgrVnVfWf2UByjHm2A%40mail.gmail.com.
