You would already have taken steps to ensure that your properties ( physical Assets, like land, buildings, cash, jewellery , vehicles, books, art objects, bank lockers, and other valuables) are inherited by the right individuals, after your life. You might have already documented the transfer of assets to your successor(s). You might also have documented a WILL by which you ensure how the the assets with you now are inherited to your wards or relatives. That's all fine.
But in case you did not do this, it's high time ... Please do it immediately. ISROfef had in many earlier posts/occasions hinted at the necessity of doing this and suggested you to do it IMMEDIATELY.
That's clearly on the uncertainties of human life ! No one knows what will happen tomorrow (or even the next moment !). Let things be very clear, logically and legally.
Succession of your assets by your wards/relatives is quite simple, if you do that yourself. It becomes very very complex if you haven't done it appropriately by you. Please don't leave your successors in difficulties. You can make their life simple , if you plan and do the succession process well in advance. So please act immediately if not done already !!
That said, are you aware that you have many Digital Assets ! You, in these modern days, would certainly be having many Digital Assets. YES.... they are assets ! They require suitable succession. Else you will lose very valuable assets.
Do you know what kind of assets you have in Digital form ? Here is a probable list !!
e-mail ID IDs (with Yahoo, Gmail, Hotmail and many others )
Blogs (with Blogger, WordPress, others)
Own web-sites (personal or Commercial )
Accounts with your Stock Broker(s)
Accounts with e-commerce sites (FlipKart Amazon, Ebay, ...)
Data/ Document storage with Google Drive (or other Cloud storages)
e-Vaults / e-Lockers
Collection of photos movies, videos, in Picasa, or others
Memberships in Social communities like FaceBook WhatsApp, and others.
The list could be long... It depends on what kind of personality you are, and your personal interests. But believe me , they are all very precious ! Very valuable !! And so Succession of these assets is very very important. How you do it is equally important.
Before closing this post, I've two more points.
1. Please read an article copied from BusinessLine, below.
2. Did you put all your valuable records (like Registration Documents of your landed properties) in an e-locker ?
Most probably, you haven't recognised the need for it, and so, didn't do it yet ! If done already, that's Great ! But in case you need some help (in doing the last point above), get in touch with ISROfef. Please mail to isrofef@gmail.com
But in case you did not do this, it's high time ... Please do it immediately. ISROfef had in many earlier posts/occasions hinted at the necessity of doing this and suggested you to do it IMMEDIATELY.
That's clearly on the uncertainties of human life ! No one knows what will happen tomorrow (or even the next moment !). Let things be very clear, logically and legally.
Succession of your assets by your wards/relatives is quite simple, if you do that yourself. It becomes very very complex if you haven't done it appropriately by you. Please don't leave your successors in difficulties. You can make their life simple , if you plan and do the succession process well in advance. So please act immediately if not done already !!
That said, are you aware that you have many Digital Assets ! You, in these modern days, would certainly be having many Digital Assets. YES.... they are assets ! They require suitable succession. Else you will lose very valuable assets.
Do you know what kind of assets you have in Digital form ? Here is a probable list !!
e-mail ID IDs (with Yahoo, Gmail, Hotmail and many others )
Blogs (with Blogger, WordPress, others)
Own web-sites (personal or Commercial )
Accounts with your Stock Broker(s)
Accounts with e-commerce sites (FlipKart Amazon, Ebay, ...)
Data/ Document storage with Google Drive (or other Cloud storages)
e-Vaults / e-Lockers
Collection of photos movies, videos, in Picasa, or others
Memberships in Social communities like FaceBook WhatsApp, and others.
The list could be long... It depends on what kind of personality you are, and your personal interests. But believe me , they are all very precious ! Very valuable !! And so Succession of these assets is very very important. How you do it is equally important.
Before closing this post, I've two more points.
1. Please read an article copied from BusinessLine, below.
2. Did you put all your valuable records (like Registration Documents of your landed properties) in an e-locker ?
Most probably, you haven't recognised the need for it, and so, didn't do it yet ! If done already, that's Great ! But in case you need some help (in doing the last point above), get in touch with ISROfef. Please mail to isrofef@gmail.com
No comments:
Post a Comment