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yasaswi gomes (.)     16 May 2021

Inheritance

Hi,

 

If I am a billionaire in India and single, I don’t want my property to be inherited by anyone. I have

100 kgs gold

1000 acres land

50 shopping centers

1 billion dollars cash in Indian bank

I don’t want to leave my wealth in the banks in any form.

Once I am dead, I want my solicitor to convert all them into liquid cash and burn it to ashes so that no one will use it. Is that possible?



Learning

 8 Replies

Sankaranarayanan (Advocate)     16 May 2021

 Time pass query?    Burning currencies is punishable. 

1 Like

yasaswi gomes (.)     16 May 2021

Kind of a interview quiz. I’m not aware it’s punitive. Then can I order my men to bury it in the Indian Ocean?

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     16 May 2021

  It is crime under R.B.I. rules

kavksatyanarayana (subregistrar/supdt.(retired))     16 May 2021

You post manuy academic queries but nowhere the actual problem never posted.

Pradipta Nath (Advocate)     16 May 2021

seriously!!

yasaswi gomes (.)     16 May 2021

Yes!! I have the right to safekeep my money. So I will hide it under three fathoms of sea. When I am dead, and after 30 years, India will demonetise and my hidden money will be useless even if found. It is legal. 

Pradipta Nath (Advocate)     16 May 2021

Go for it dude!!

1 Like

yasaswi gomes (.)     16 May 2021

The only problem is, if I can withdraw all of it in cash. Due to which I have to do several transactions and convert it to cash. But not impossible!!


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