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Intermediate

Introduction to Estate Planning: Wills and Nominations

A practical, India-specific guide to passing on your wealth cleanly. Learn what actually happens to bank balances, demat holdings, mutual funds, insurance, EPF, PPF, NPS and property when someone dies with or without a will, and why a nominee is usually not the final owner. Understand intestate succession under the Hindu Succession Act and the rules for Muslims, Christians and Parsis, the difference between self-acquired and ancestral property, and where an HUF fits. Set up nominations correctly across every account, draft a legally valid will clause by clause, and avoid the mistakes that send Indian families to court. Finish with probate, succession certificates, transmission of shares and funds, the tax position of heirs, special cases for minors, business owners and blended families, when a private trust makes sense, and a full case study of one family's estate plan.

Estate PlanningWillsNominationsIntestate SuccessionHindu Succession ActIndian Succession ActProbateTransmissionPrivate Trusts

MODULES

6

DURATION

~4 hrs

TRACK

Tax & Wealth Planning

What You'll Master

Explain what happens to each type of asset when a person dies with or without a will

Distinguish a nominee from a legal heir and know when each one ends up owning the asset

Apply intestate succession rules for Hindus, Muslims, Christians and Parsis

Set up nominations correctly across bank, demat, mutual fund, insurance, EPF, PPF and NPS accounts

Draft a legally valid will and avoid the mistakes that trigger family disputes

Walk heirs through probate, succession certificates, transmission and the tax position on inheritance

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: Why Estate Planning Matters

3 Lessons

What Happens to Your Money When You Die Without a Plan9 min read

Estate Planning Vocabulary: Testator, Executor, Beneficiary, Nominee and Legal Heir10 min read

Mapping Your Estate: Listing Every Asset, Liability and Account You Own10 min read

Chapter 2: Succession Without a Will

3 Lessons

How the Hindu Succession Act Divides Property Among Heirs12 min read

Succession Rules for Muslims, Christians and Parsis11 min read

Self-Acquired vs Ancestral Property and Where the HUF Fits In10 min read

Chapter 3: Nominations and What They Really Do

4 Lessons

Nominee vs Legal Heir: Why the Nominee Is Usually Only a Custodian10 min read

Nominations Across Bank Accounts, Demat Accounts and Mutual Funds11 min read

Insurance, EPF, PPF and NPS Nominations11 min read

Joint Holding, Survivorship Mandates and How They Interact With Nominations9 min read

Chapter 4: Writing a Valid Will

4 Lessons

What Makes a Will Legally Valid in India10 min read

Drafting Your Will Clause by Clause13 min read

Registration, Witnesses, Codicils and Safe Storage10 min read

Common Will Mistakes That Lead to Family Disputes10 min read

Chapter 5: After a Death: Probate, Transmission and Tax

3 Lessons

Probate, Letters of Administration and Succession Certificates Explained12 min read

Transmitting Shares, Mutual Funds and Bank Balances to Heirs11 min read

Taxes on Inheritance: What Heirs Pay and What They Do Not10 min read

Chapter 6: Special Situations and Your Action Plan

4 Lessons

Planning for Minor Children, Dependants With Disabilities and Blended Families11 min read

Business Owners and Freelancers: Passing On a Business, Receivables and Digital Assets11 min read

When a Private Trust Makes Sense Over a Will10 min read

Case Study: Building a Complete Estate Plan for an Indian Family14 min read