Asked in Family
Dear Sir, You may create endowment on her name and see that interest on that principle amount get it into credited in her account. Please give me rank after viewing my details. Please call me for further assistance.
A will would be enough drafted in the terms as u wish.. which will eventually automatically works out the way u wish for further assistance plz book for consultation
Execute a trust deed and appoint banker as the executor of th trust deed and specify in the trust deed how the Fund entrusted to trust should be managed so that your child is in a better position even when you are living and also after your death. entire financial planning and administrative services from SBI contact me.
Hello Ma'am It would be suggested to appoint a caretaker who actually cares for your daughter and doesn't misappropriate the funds you have allocated for your daughters well being. You could also left a will in her favour. Thanks Please rate if you find this advice helpful.
Unfortunately these type of things are always open for abuse/misuse and entirely depends on the mentality of custodians/caretakers. Apart from custodians/caretakers you can appoint some wellwisher to approve the transactions. If child will not be fit to take decisions then properties/savings can be locked for selling. You should make registered WILL with proper wordings.
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