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ramesh (wer)     22 March 2012

To safe guard family life

 

Dear Experts,

To the best of My knowledge Public provident fund is free from Court attachment/decree.

I have a request for advise,

1.I will be getting about 20 lakhs from my hard earned money and savings.

I would like to make an investment out of this money for taking care of my family.

Kindly advise which form of investment is better , so that no court can attach it under any circumstances ( even in case of court decree/attachment also)

After my death, the investment should take care of the liveli hood of my family (wife and minor son) ,even in the event of my wifes insolvent position /court decree.

Whether making a trust with any bank engaged in  trustee business will serve the purpose.

 

Please reply

Please attach any relevant documents.

 

Regards

Ramesh



Learning

 1 Replies

S.K.Maanav (International President International Hindu Personal Law Board)     23 March 2012

u can open PPF account in any branch of state bank of india it is safe n having nomination facility.


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