Rush for wills to secure family wealth in Covid
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Rush for wills to secure family wealth in Covid
Namrata Singh & Reeba Zachariah / TNN / Updated: Jun 11, 2021, 13:39 IST
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MUMBAI: A businessman in his late 40s, who had severe Covid and was desperate for oxygen and a hospital bed, had given up hope of surviving the brutal second wave that has ravaged several families. “When I survived, I felt that miracles do happen. But this has shaken me up,” he later told friends and associates.
While recuperating, he realised the catastrophic financial impact the pandemic would have had on his family had he not made it in the absence of a will and the separation of personal assets from his well-spread business. While his son is still studying, his wife and daughter know next to nothing about his finances. He is now working on his will and plans to ensure his business and personal assets are segregated and securely kept in a trust for the benefit of
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