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Mr. Jignesh is living in Mumbai who is 85 years old. He has two children a son Ram Naresh who is 55 years old and a married daughter Akansha who is 45 years old.
Mr. Jignesh is not keeping well and both of the siblings have mutually decided to make a will of his father to avoid any dispute in Future between them.
In the will Akansha do not have any problem Ram Naresh being an Executor and they have made a will as the distribution being acceptable to each other. In the same will they decided that Fixed deposits will go to Akansha along with a life insurance policy proceeding of Mr. Jignesh.
Both the siblings have ensured will being witnessed by two people, duly signed by Mr. Jignesh and registered by paying appropriate fees. .
After 6 Months of will written Mr. Jignesh wants to give some of his mutual funds to Akansha. Mr Jignesh made an amendment to his existing will through a codicil duly signed and witnessed.
.Please answer the below questions considering Post death of Mr Jignesh.
Question 1 : On what grounds the will written by Mr Jignesh can be challenged?
Akansha wants to write a will of the assets which she is likely to ger her from father. What is true regarding that ?
Ram Naresh wants to know about beneficiary nomination in Life insurance post amendment of 2015 in Insurance Act.What is true regarding that ?
Post Death of Mr. Jignesh, Akansha wants to claim the mutual funds given to her in a codicil attached to the will. What is true regarding that?.
Ramnaresh is struggling in his business and need some immediate help from the assets of the father Mr. Jignesh. What could have been the best way to deal with it?