FROM THE DESK OF ADV LEENA KAULGEKAR

  Understanding Codicils: Enhancing and Amending Your Last Will Introduction: Estate planning is a critical aspect of securing your legacy and ensuring that your final wishes are honored. A last will and testament is a powerful tool that allows you to outline the distribution of your assets and possessions after your passing. However, life is dynamic, and circumstances can change over time. To address these changes without rewriting your entire will, you can use a legal instrument known as a codicil. In this blog, we will delve into what a codicil is, its purpose, and how it can enhance and amend your last will. 1. Defining a Codicil: A codicil is a legal document that serves as an addendum to an existing last will and testament. It allows you to make minor changes or additions to your will without the need to create an entirely new document. Codicils are especially useful when specific circumstances or relationships in your life change and require updates to your estate pl...

  The Importance of Making a Will: Securing Your Legacy Introduction: Life is full of uncertainties, and while we often focus on our present endeavors, we must also consider the future. One essential aspect of planning for the future is creating a last will and testament. Though the topic of wills might be uncomfortable to some, its significance cannot be understated. In this blog, we will explore the reasons why making a will is crucial for everyone, regardless of age or circumstances. 1. Control Over Your Assets: A will provides you with the power to dictate how your assets and possessions are distributed after your passing. Without a will, your estate may be subject to intestate laws, and the distribution of your assets might not align with your wishes. Making a will allows you to ensure your hard-earned wealth goes to the people or causes that matter most to you. 2. Providing for Loved Ones: One of the most compelling reasons to make a will is to provide for your lov...

  DUTIES OF AGENTS UNDER RERA   Under the Real Estate (Regulation and Development) Act (RERA), real estate agents have certain duties and responsibilities. These duties are aimed at promoting transparency, professionalism, and fairness in the real estate industry. Here are some of the key duties of agents under RERA: 1.     Registration: Real estate agents are required to register with the respective state's Real Estate Regulatory Authority (RERA) to operate legally. The registration process involves providing necessary information, documents, and paying the prescribed fees. 2.     Display of Registration Number: Registered agents must prominently display their RERA registration number in all their advertisements, promotional materials, and communication with clients. This helps in establishing credibility and transparency. 3.     Fair and Honest Practices: Agents are obligated to act fairly, honestly, and in the bes...

  DUTIES OF PROMOTER UNDER RERA Promoters, also known as real estate developers or builders, have several duties and responsibilities under the Real Estate (Regulation and Development) Act (RERA). These duties are aimed at ensuring transparency, accountability, and fairness in real estate projects. Here are some of the key duties of promoters under RERA: 1.     Registration of Project: Promoters are required to register their real estate projects with the respective state's Real Estate Regulatory Authority (RERA) before advertising, marketing, or selling any units in the project. The registration must include all necessary details and documents related to the project. 2.     Adherence to Approved Plans: Promoters must develop the project in accordance with the approved plans, layout, and specifications. Any changes or modifications to the project plans must be obtained with the consent of the buyers and the RERA authority. 3.   ...