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?

 
Reply   
 
Advocate

 Time pass query?    Burning currencies is punishable. 


Total likes : 1 times

 
Reply   
 



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?

 
Reply   
 
Lawyer in Hyderabad.wats app no.9989324294

  It is crime under R.B.I. rules

 
Reply   
 
subregistrar/supdt.(retired)

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

 
Reply   
 
Advocate

seriously!!

 
Reply   
 

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. 

 
Reply   
 
Advocate

Go for it dude!!


Total likes : 1 times

 
Reply   
 

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!!

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  


 

  Search Forum








×

Menu

Post a Suggestion for LCI Team
Post a Legal Query
Muslim Personal Law     |    x