Children Live Abroad - Parents Lonely In India - How To Secure Your Your Assets & Interests

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[@Tam-hb7sm]

Health insurance probably bad idea as there are lot of conditions and clauses setup by these insurance companies. Premiums are way too high. Better to set aside a lumpsum cost of say 25-50 lacs. This should be done by NRI children for there parents.

[@j.r.6517]

Very informative. Facts of life. Thanks Mr Bhat & Nikhil. 👍😊

[@thamalrajagopalan9603]

Thank u very much for this video.But this video is more of general nature instead of giving solution for the issues faced by patents in India like : 1.How the money in Banks can be remitted to NRI,'s .At present it can be done only through banks with payment of TCS @20 %.Then how to get refund from IT. 2.What about the investments made in gold or other moveable asstes. 3.What about the investments made in Mutual Funds in India You reply only talks about immovable property alone but does not cover other asset classes of investments. It is better a elobatrate video is put giving the ground level solution faced by Indian Parents with NRI children .Hope you will understand the point and do the needful in your future videos.

[@thatswhaticallmusic252]

Do you think he can answer ?.

[@PD_incredible]

Dr.Bhat, Such a brilliant and extremely important topic. I myself is an NRI and planning to retire in India. I noted some of the very importance points from this amazing episode. Thanks for bringing Mr.Nikhil to enlighten us regarding will / nomination etc. You are amazing Dr.Bhat. Thanks

[@anilprasanna]

Friends trust me you cannot do it alone. Please consult experts in this channel and be their life time clients. Laws change so fast and we cannot keep up. I myself lost my parents in India and we are struggling to navigate never ending process to obtain family tree, legal heir certificate, survivor certificate...one small misstep can cost you lakhs together in penalties.

[@NRIMoneyClinic]

Thank you so much for your kind words and reposing that trust in our services and members of faculty

[@sekharkc1]

Conditional Settlement Deed is an option one should consider

[@rajagopalanjayakumaran7110]

Can u pl elaborate my 2 Questns- why senior parents need to keep 2yrs living expenses as emergency liquid funds, in addition to adequate Health Ins cover for both? Another point - when NRi children fix a Trust in India for their self-funded real estate property in India, who is the seller later -resident Trust Or NRI (OCI) children for TDS burden?

[@nikhilvarg]

The idea of liquid funds here would be keep them outside of equity but in debt instruments that are accessible easily without long lock-in. As regards TDS burden on assets in a Trust, it a play on the nature of trust set up. Typically, an irrevocable trust may be viewed as a resident entity but again has to be assessed as per specific facts.

[@rajagopalanjayakumaran7110]

Thanks for ur reply

[@Super_Cool_Guy]

*Dont worry the indian government can use your assets 😊*

[@ramkithirugnanam4257]

Thank you sir❤❤❤❤

[@anandmohan4657]

Thanks for the video which explains things very nicely

[@Ajeez-s6e]

I don't have parents and family so I have decided to leave for PHD and forever.but I've 7 crore assets in india so I'll have to sell.

[@nikhilvarg]

Please connect with the team if you need further assistance

[@abhinavdeepsinha3036]

Sell first. Then leave. Selling as nri has different rules

[@rameshkumargv]

Very good and informative video. The services from this channel are excellent which helped me to streamline finance for later part of life.

[@Gtvarkey]

What is the tax treatment for trusts compared to individual tax rates?

[@dronaacharya]

Indifferent. You are not worse off and you are not better. It's tax neutral

[@susantalahiry7502]

Good information

[@sampathnatarajan8947]

Good information

[@slokanath4943]

You mentioned about Senior Citizen's living communities. Is there any organization, NGO kind, which has a directory kind of thing, where we can consult, plan such a need?

[@nikhilvarg]

Most leading builders have thus wing. do check them out

[@slokanath4943]

@@nikhilvarg Instead of going through all such builders, is s there a single place, which can give a bouquet of choice, with pros & cons, it will be easier to choose, depending on our capacity, without missing out a good choice

[@rationalthinker2724]

Please make an episode on -right way for NRI’s to repatriate (bring back ) huge sums back to USA after disposing their assets in India. 🙏🏽🙏🏽

[@nikhilvarg]

Noted

[@rkaa1326]

Can nepalese people can apply aadhar card ?

[@thatswhaticallmusic252]

Yes even Bangladeshi Pakistani are welcome

[@boomerang0101]

1st 🥇

[@subramanyamshankar1767]

what is 1st ?

[@WhatVC]

Good information. I followed max. I planning to get into Snr citizen community in Coimbatore. Anyone who requires assistance may contact me.