10 Smart Actions Every Indian Parent Should Take, Once Their Baby Is Born.
10 Smart Actions Every Indian Parent Should Take, Once Their Baby
Is Born.
You
might want to have your baby nominated in some of the financial products you
own. It can be your bank accounts, fixed deposits, mutual funds or even some
property. You might want to add your newborn as one of the nominee in the
assets you own. Read more about nominations in this article if you do not
understand what exactly nomination is.
Also,
if you have written your WILL, then you might want to update it soon after the
baby is born. If you miss this, and if you old WILL didn’t have the right kind
of wordings, then your baby might lose his/her share in your wealth in worst
case.
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