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45+ Man Seeking Help: Complex Family History, Inheritance, and Document Issues

Samkit

Samkit Maniar  |180 Answers  |Ask -

Tax Expert - Answered on Aug 28, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more
Asked by Anonymous - Aug 28, 2024Hindi
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I have a unique life story. When I was four months old, I was adopted by my relatives. As a result, all my official documents, including certificates, list my adoptive parents. Currently I am 45+. Both of my adoptive parents have passed away 15-20 years ago. I have nothing from my adoptive family. Later in life, when I was 15, I reconnected with my biological parents, but I didn't initially consider them as my parents. Unfortunately, my biological father passed away few years back. I have siblings from my biological parents, but I can't claim any inheritance from them due to a lack of proof of paternity. Other hand, I was the only one to assist my biological father financially, helping with my sister's marriage and property purchases. However, those properties are in my biological parents' names. Due to my complex situation, I've been unable to obtain essential documents from govt like a residential certificate and my child's caste certificate. I'm seeking advice on how to address this issue to ensure a smooth future for my child. My life was completely disrupted by the lack of care from both my adoptive and biological families at early stage. Over time, I've built a successful career by myself. Currently I have a teenage daughter. I have purchased properties like lands and flats. All of these properties are either in my wife's name or jointly owned by us. I'm requesting legal guidance on how to address this situation so that my child and me will not face any difficulties in the future.

Ans: It is indeed an unique situation. However, keeping that aside, first thing you may want to do is write a Will because that is one of the basic document which most people don't do but should do.

As a pre-requisite to your Will, have an asset register in place to ensure all assets are adequately captured in the Will.

This is a first step of smooth succession planning.

Further, there is a more robust succession planning tool which is a private family trust. We can discuss upon the same in detail offline please.
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