A will specifies how your assets are distributed. Without one, state laws apply – may cause family disputes. Create a will to ensure your wishes.

A will takes effect after death, a trust can manage assets during life and avoid probate. Trusts offer more control and privacy.

No, India abolished estate duty in 1985. However, tax may apply on income generated from inherited assets.

Gifts from relatives are tax‑free. From non‑relatives, above ₹50,000 may be taxable in recipient’s hands.

Anyone: spouse, children, charities, trusts. Name them clearly in your will or trust.

Name a guardian in your will. Ensure they accept responsibility – discuss beforehand.

Administers the will: collects assets, pays debts, distributes to beneficiaries. Choose someone trustworthy.

Authorises someone to act on your behalf if you become incapacitated – can be financial or medical.

Emergency fund protects your estate from being depleted by sudden expenses. Use Emergency Fund tool to ensure liquidity.

Yes, designate specific deposits for heirs. See RD & FD calculators in INDwallet ecosystem.