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Kanchan

Kanchan Rai  |586 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 20, 2024

Kanchan Rai has 10 years of experience in therapy, nurturing soft skills and leadership coaching. She is the founder of the Let Us Talk Foundation, which offers mindfulness workshops to help people stay emotionally and mentally healthy.
Rai has a degree in leadership development and customer centricity from Harvard Business School, Boston. She is an internationally certified coach from the International Coaching Federation, a global organisation in professional coaching.... more
Lokesh Question by Lokesh on Jun 20, 2024Hindi
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Relationship

Thanks a lot mam for your detailed reply. Even I felt the same and advised him to move on and find someone more trustworthy. But my friend is concerned about his kids especially his daughter's future considering the societal norms and taboos. He says if they get divorced his daughter might have to face difficulty while finding an alliance in future. He is also skeptical about whether the new partner will take care of his children like her own as most of the women don't treat their step children with love and care. He s also worried about the entire divorce process as his wife is not agreeing for a mutual divorce and he says even if he applies for a contested divorce it will prolong for years and during this period he s worried about his children's growth and education which will be affected badly.... Considering all these and also his in laws request for forgiving their daughter and giving her a new life , my friend is thinking about giving his wife one last chance . However he s telling that he will not accept her as his wife but will take her only as his kids mother .. He says he will sacrifice his personal happiness and keep her with him only for his kids sake but will never trust her in future. My concern is whether this relationship will stay for long this way....And what is the probability that his wife will not cheat him again because of my friend's indifferent attitude towards her since she has cheated on him twice when he was living her so much... And whether trust can be rebuilt between them after some if she remains loyal to him from now...Kindly provide me insights on above concerns to help my friend...Also suggest me a good professional counsellor to take him for counselling.

Ans: I understand how challenging and painful this situation is for your friend. His concerns about his children's future, societal norms, and the impact of a potential new partner are all very real and valid.

He's worried about how a divorce might affect his daughter’s future, especially considering societal attitudes. While it's true that divorce can carry a stigma in some cultures, it's important to remember that society's views are slowly changing. More people now understand that the quality of the home environment is far more important than whether parents stay together despite significant issues. Children raised in a loving, stable home, even if it’s a single-parent one, often fare better than those who grow up amidst conflict and distrust.

Your friend is also understandably concerned about how a new partner might treat his children. Blended families can face challenges, and not every step-parent bonds well with their partner's children. However, there are many instances where step-parents build loving, supportive relationships. Taking the time to find someone who genuinely respects and cares for his kids is crucial.

Considering his wife’s threats and the prolonged nature of a contested divorce, he’s caught between maintaining a stable environment for his children and protecting his own emotional health. Divorce is tough and can be particularly challenging for children, but living in a household where there's no trust and emotional connection can be just as damaging, if not more so.

If he decides to give his wife another chance for the sake of the children, it's essential to set clear boundaries and perhaps seek professional help. But, given that she has broken his trust twice, it's natural for him to be skeptical about whether she can truly change. Living together merely as co-parents without rebuilding trust may create a cold, unloving environment that children will sense and be affected by.

Rebuilding trust after such betrayals is incredibly difficult and requires a lot of effort and transparency. If he chooses this path, it should involve both of them working towards healing, possibly with the guidance of a therapist. However, it’s also critical for him to consider his own mental health and whether staying in a trustless marriage is sustainable or healthy for him and his children.

Encouraging him to seek professional counseling can provide him with support and clarity. A qualified therapist can help him navigate these complex emotions and make the best decision for his family's future. Services like BetterHelp or local therapists listed on platforms like Psychology Today can be great resources to find professional support.

Your friend is in a very tough spot, trying to balance his children's well-being with his own emotional needs. It's a difficult journey, but with your support and the right guidance, he can find a path that prioritizes his and his children’s well-being.

You may like to see similar questions and answers below

Anu

Anu Krishna  |1595 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 23, 2024

Asked by Anonymous - Apr 16, 2024Hindi
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Relationship
Hello Anu Mam, I have a very close friend who s been married for 10 years and with 2 kids one 8 yr old daughter and a one year old son. His wife whom he loved and trusted so much has cheated on him with one of her friend for almost 3 years which he came to know about recently. He could not digest that ..He thought of divorcing her but thinking about his children's future he changed his mind and told her to end all communication with her affair partner .She too agreed . My friend didn't tell about this to anyone except me including her parents whom he respects a lot and hence didn't want to hurt them ...But after 3 months he came to know that his wife is still in contact with her friend using another phone without his knowledge and her affair also has not stopped . This time he said he couldn't tolerate and told this to her parents and told them that he would be filing for divorce. Her parents are begging him not to do so and telling him to give one last chance as they would mend her this time . He told them that even after giving her a chance to mend herself she has cheated him and broken his trust . He says he cannot live with her without trust . So he has decided to move on but his wife and her mother are telling they will have no other choice but to commit suicide if he doesn't forgive his wife. My friend says he is also worried about his children's future without their mother ...At the same time he says he cannot imagine living with his wife again as before after being cheated on twice...He is asking me to advise. I am totally confused . Kindly advice the pros and cons of 1)forgiving her once again and living in a trustless marriage 2)moving on and finding someone more trustworthy . 3) If he decides to marry another person how will this impact his children . Kindly help me to advise my friend suitably ..
Ans: Dear Anonymous,
1) Forgiving is never easy BUT if that's an option, then your friend and his wife will have to put it a lot of work in rebuilding the trust that is lost...which means a lot of putting things in the past and starting fresh, Will your friend be able to do this? This also will mean NOT bringing up what hurt the marriage and to focus on what can rebuild the marriage. Possible?
2) For a new relationship to blossom, one must first find closure from the previous one. Can your friend be able to do this?
3) The new person and the children will need a lot of time bonding with another. Also, your friend's ex-wife (if they divorce) will have her set of insecurities and objections if the new person and the children get closer. Will your friend be willing to take on these challenges?
It's wonderful that your friend has a great sense of support from you; so you can act as his sounding board to bring him back to reality and lead him to practical ways of dealing with it.

All the best!

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |8329 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 10, 2025

Money
I am 31 years, unmarried bachelor and lead celibacy. I have investment in equity mutual fund growth option cost of which is 20 lacs now valued at 45 lacs. I don't require this for next 30 years and reserve it for my retirement. Do I need to save now for retirement, or can I spend 99% of my current earning as I have a retirement corpus of Rs.45 lacs at current value. I have life cover of 1.5 cr and for health Rs.40 lacs and comfortably earning from MNC for my survival, healthy with no bad habits and lead a disciplined and minimalist life style. Please guide me do I need more retirement corpus, or the accumulated Corpus is enough for retirement. If so how much more corpus do i need?
Ans: You have shown excellent discipline. At age 31, you already have Rs.45 lacs in equity mutual funds. That’s a rare position to be in.

You lead a minimalist life. You are healthy. You don’t have dependents. You are earning well. You are living with purpose and clarity.

Still, retirement planning is not only about a lump sum today. It also needs a 360-degree analysis.

Let us now evaluate in detail if this Rs.45 lacs is enough for your retirement.

We will assess from lifestyle, inflation, investment risk, tax rules, personal values, and health perspective.

We will also answer your main question: Can you spend 99% of your earnings now?

Retirement Planning Is Not Only About Current Corpus
Rs.45 lacs looks large now. But you are 31. Retirement is 29 years away.

A rupee today won’t have the same value 30 years later.

With inflation, prices can rise 5x or even more by then.

Your current Rs.45 lacs may not buy much in 2054.

So it is not enough to just grow. It must grow faster than inflation.

What If You Don’t Add Any More Investment?
If you don’t invest any more for retirement now, your Rs.45 lacs must grow for 30 years.

Let us assess few key points:

If the investment is fully in equity, volatility is high.

Long-term returns can be rewarding, but not always predictable.

Also, equity mutual funds attract capital gains tax.

New rule: LTCG above Rs.1.25 lakh taxed at 12.5%.

This will reduce the final retirement corpus.

So you cannot assume all returns will be tax-free.

Impact of Inflation on Lifestyle
You are minimalist today. But that may not be the case at 60.

Even basic costs like food, rent, medicine, utilities will go up.

At 6% inflation, Rs.25,000 monthly expenses today may become Rs.1.5 lacs after 30 years.

Medical inflation is higher. You may need Rs.5 lacs per year for healthcare alone at retirement.

So the same Rs.45 lacs will lose value every year.

What If You Live Longer?
Longevity is increasing in India. You may live till 90 or 95.

That means 30 years working and 30+ years retired.

So retirement may last longer than your working life.

Your money has to work for you after 60.

Even a Rs.3 crore corpus at retirement may fall short if not planned properly.

Health Cover and Life Cover Are Good
Rs.1.5 crore term insurance is good.

Rs.40 lacs health cover is excellent. Keep renewing it.

But insurance is not a substitute for retirement planning.

Also, insurance does not build wealth.

You Have Time on Your Side
You are 31. That gives you 30 years to grow your corpus.

That is your biggest strength.

Small, consistent investing now can multiply your corpus over 30 years.

Even Rs.10,000 per month extra can change your future.

Can You Spend 99% of Earnings?
It is not wise to spend 99% of earnings even with Rs.45 lacs corpus.

It makes your life dependent on just one investment.

Also, it leaves no buffer for job loss, health crisis, or early retirement.

Spending most of your income will reduce your financial freedom later.

Risks of Not Saving Enough
Future jobs may not pay this well.

You may face burnout or wish to retire early.

Markets may not perform as expected.

Emergencies may force early withdrawal.

Expenses can rise unexpectedly.

What Should Be the Ideal Retirement Corpus?
There is no fixed number. It depends on your lifestyle.

Still, we can estimate based on some broad assumptions:

A basic retirement needs at least Rs.4 to 5 crores at age 60.

A comfortable life with travel, hobbies, and good healthcare needs Rs.6 to 8 crores.

A rich life with freedom and legacy needs Rs.10 crores or more.

You may not need all of it. But you must aim higher and stay flexible.

How Much More Corpus You Need?
You already have Rs.45 lacs.

Assuming 10% annual return, and no withdrawal for 30 years:

Your current Rs.45 lacs can become Rs.8 crores in 30 years.

But tax and inflation will reduce its value.

After adjusting, this may be worth only Rs.3 to 4 crores in real terms.

So yes, you are on the right path. But you are not done yet.

Should You Stop Saving Now?
No. Stopping now is not safe.

You should continue to invest at least 20% to 30% of income.

You don’t need to be aggressive.

But you must not stop completely.

Advantages of Continuing SIPs in Actively Managed Mutual Funds
Actively managed funds are more responsive to market changes.

They are driven by research and fund manager insights.

They can beat inflation better than passive options.

They help create real wealth over time.

You can invest through mutual fund distributor with CFP. That gives expert help.

Disadvantages of Direct Mutual Fund Investing
Direct funds seem cheaper. But they miss the human touch.

No professional reviews. No behavioural guidance.

You may exit in panic or enter at wrong time.

Mistakes in direct investing are costly.

Regular funds via a Certified Financial Planner offer support, reviews, and strategy.

Financial Planning Is Not Just About Corpus
Financial planning is lifelong.

You need a written retirement plan.

Include health, taxes, estate, and liquidity in that plan.

Set goals every 5 years and review progress.

Don’t think of corpus only. Think of financial independence.

Your Current Strengths
Strong investment of Rs.45 lacs

No dependents or liabilities

High income and low expenses

Health insurance and term cover

Discipline and minimalism

What You Can Do Now
Continue SIPs in actively managed funds via expert help

Review portfolio yearly with a Certified Financial Planner

Create a written retirement plan

Don’t touch your Rs.45 lacs till 60

Save 30% of income. Enjoy 70%.

Finally
You are doing well. You already have Rs.45 lacs at age 31. That shows foresight.

But retirement is not a fixed-point goal. It is a moving target with inflation and uncertainty.

You must not stop saving. Keep adding regularly. Small steps now can lead to a rich future.

Aim to build a Rs.6 to 8 crore corpus. That gives you safety, comfort, and peace.

Spending 99% now is risky. Don’t do that. Instead, reward yourself within limits. But keep investing for freedom.

Discipline today gives freedom tomorrow.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |8329 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 10, 2025

Asked by Anonymous - May 09, 2025
Money
Sir, we had a dispute in our ancestral property we approached the court and the verdict said we are entitled to a portion of the property The dispute was the land was sold without our knowledge etc., after getting the verdict we got patta, registration in our name. Now we are planning to sell the land, a lawyer said get a ratification deed, I don't know what it is and also weather it is needed or not. The lawyer called us and said the the other party who has purchased the land illegally is not agreeing to sign and is asking money to settle the matter as he has purchased the land. Even after receiving court orders this kind of dodging is happening. The amount of money he is asking is senseless, even if I sell the land I wouldn't get that much amount, I am unable to put in writing many other problems kindly advise what next steps to take. also let me know what are all the documents to have as a owner. Thank you
Ans: You have taken rightful steps. Court verdict is in your favour. That shows your legal ground is strong.

But still, the other party is asking for money. That too, an unfair amount. You also mentioned a lawyer suggested getting a ratification deed. Let us try to understand the full situation and assess all possible options. We will also cover what documents are needed to prove your ownership.

This reply gives you a 360-degree view. It will help you make a sound and confident decision.

Understanding Your Current Legal Standing
You said the land was sold without your knowledge. That makes the original sale illegal. The court has agreed with you. That is a key win for you.

You now have patta and registration in your name. These are strong documents. They show you have legal title.

Based on this, you are now the legal owner. That means you have the full right to sell the land. But the buyer must also be confident. So legal clarity is very important.

What Is a Ratification Deed?
A ratification deed is a It confirms a past act done without proper authority. The current party gives approval to that act.

In your case, it seems the buyer who bought the land earlier is being asked to “ratify” that sale. That is, to agree that you are the rightful owner now.

This is not a mandatory document by law. But it is sometimes used to make the title stronger. Some buyers or their banks ask for it.

However, since the court has already ruled in your favour, you may not legally need it. You already have the stronger claim.

Why Is the Buyer Still Causing Issues?
The person who bought the land earlier might feel he lost money. He may think the sale to him was legal. But since the court disagreed, he now holds no right.

His demand for money is unjust. It is a pressure tactic. He is trying to recover his loss by troubling you.

You are not legally required to pay him. He has no power to stop your sale.

Assessing Options Now
You can now evaluate your next steps from three angles – legal, practical, and financial.

Legal Options
Talk to your lawyer again. Ask: is a ratification deed mandatory in your case?

Get a written legal opinion. This should clearly mention your rights and position.

File a complaint if the other party is threatening you or asking money.

Send a legal notice through your lawyer to that person. Mention that he has no right now.

Practical Options
Try selling to a buyer who trusts the court order. Show them all documents.

Explain clearly that title is clean. Show the judgment, patta, and registration.

Use a reputed real estate lawyer for the sale. That gives buyers more confidence.

Financial Assessment
Do not agree to pay huge amounts. It may cause loss for you.

If needed, consider a small settlement. But only after full legal review. And only if it makes the sale smooth and quick.

Ask yourself: Even if I settle, will the person agree to give in writing? If not, don’t pay.

Must-Have Documents to Sell the Land
As a rightful owner, you must hold the following papers:

Patta in your name (this is land ownership proof)

Registered sale deed or title deed (issued after the court judgment)

Copy of the court verdict

Encumbrance Certificate (EC) (shows your name as the current legal holder)

Legal heir certificate, if you inherited the land

Property tax receipts in your name

Aadhar and PAN card copies

Suggested Steps to Make Sale Smooth
Get a detailed Title Certificate from a lawyer. It should mention the court case and outcome.

Keep a summary note ready. It should explain how you became owner.

Ensure name match across all your documents.

Keep a certified copy of court order with you at all times.

Use a reputed property consultant or broker only if needed. Prefer buyers who are local and familiar with such cases.

Emotional and Mental Pressure
You also mentioned you are facing many other issues. That is understandable. Land disputes take a heavy toll on health and peace of mind.

Please do not worry. You already have legal strength.

You have cleared a big milestone by getting the court’s support.

Don’t allow fear or threats to stop you.

Stay strong. Keep family informed. Talk regularly with your lawyer.

How Certified Financial Planner Can Help
A Certified Financial Planner (CFP) can guide you better with your sale proceeds.

If you plan to sell, prepare a written cash flow plan.

Think about your family’s short-term and long-term needs.

Keep emergency funds aside. Don’t invest all money at once.

Mutual funds managed by professional advisors can be considered. They offer long-term wealth building.

What Not To Do
Do not deal in cash. Always use cheque or bank transfer.

Do not sign any paper without lawyer check.

Do not get emotionally disturbed by their false threats.

Do not delay your next steps due to confusion or fear.

Finally
You have shown good courage. You followed the legal process. You now own the land as per law.

The other party is only trying to misuse your fear. Do not fall for it.

If the buyer still refuses to cooperate, avoid them. Choose another buyer.

If a ratification deed is insisted by your new buyer, ask your lawyer: Is it really needed?

If not needed, move ahead without it.

If needed, try again to convince the other person. If they demand unreasonable money, don’t agree.

Let your lawyer send notice. You can also explore police help if needed.

Always work with proper documents. Keep everything in writing.

Keep calm and move forward. With legal support and proper documents, you will win.

If you need help with managing the money after sale, we can help with a long-term financial plan.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

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