Unclaimed investment
Sometime, an investor loses track of one’s investment because papers are lost, addresses were not changed, sudden death, theft at home, or due to memory loss. “In our country, most of us do not share various investment details with our spouse or other family person(s). Think of a situation when you are not there, how the family would be able to realize those investments,” says Vikash Jain, co-founder of Share Samadhan, India’s largest unclaimed investment recovery advisory entity.
What you can do
One should keep a record of investment whether on paper or in the electronic format. Someone in the family should be aware about all the investments made so that in case of exigencies, there is someone who can deal with those papers,” says Abhay. “One should also get the will executed to avoid any future litigation.”
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