Finance
Sock JohnsonIndia's 2025 Probate Shake-Up: Skip at Your Own Risk!
Listen up, folks! India's 2025 amendment is throwing down the gauntlet for Hindu, Buddhist, Sikh, Jain, and Parsi wills in Mumbai, Kolkata, and Chennai! But Christians and Muslims? They’re still in the old-school ring. Skipping probate? That’s like stepping into a title fight without a game plan! Protect yourself, draft wisely, and avoid the family smackdown!
few days ago | Amit Kumar
Quick rundown
1.Probate is no longer mandatory for certain wills in Mumbai, Kolkata, and Chennai.
2.Voluntary probate remains crucial in complex or disputed estates.
3.Skipping probate can lead to long-term risks and challenges.
4.Trusts are gaining popularity as an alternative to wills.
5.The decision to probate depends on family structure and asset complexity.
