There are several personal finance magazines available, yet yours is truly a class apart.You have been addressing some basic financial concerns of our lives like making wills (Final Asset Allocation, 31 May) which is commendable. I have a couple of questions. Do people having ESI need further insurance cover? Also, are there any hidden charges for facilities like Net and mobile banking?
Amit Sharma, e-mail
We are glad that you found the article useful. The personal finance spectrum is indeed wider than commonly understood. Making a will is like making any other financial decision and should be integral to everyone’s wealth management. Your questions will soon be answered in the newly introduced Query Corner section (page 24).
I wish to solicit your attention towards the story, The Write Way To Earn, 17 May where it is mentioned that “The Indibloggies” (http://www.indibloggies.org), a blog award website owned by me is a “three-person foundation”. While not undermining the contribution of the blogging community in the events where various bloggers have volunteered to be jurors and have voted for the events, I must clarify that the website is owned solely by me. The only other person who can stake claim on it is my wife.
Debashish Chakrabarty, e-mail
Thank you for pointing out the mistake. We regret the error.
I must congratulate you for giving valuable inputs on such a critical subject as making wills (Final Asset Allocation, 31 May). A will ensures that our family is prepared in case of any untoward happening.
Bal Govind
Bareilly
It is a misconceived notion that wills must be made only in old age. A will should be written as soon as an individual has reasonable wealth that may be useful to the person it is bequeathed to.
The article on making wills (Final Asset Allocation, 31 May) was veryinformative. Many senior citizens transfer their assets in favour of their children without keeping adequate assets generating fixed income for their own needs. Making a will ensures that they do not run out of funds in their lifetime even while taking care of inheritance issues.
Mahesh Kapasi, e-mail
You have pointed out a true though unfortunate fact. Beneficiaries have been known to be unkind to elders who transfer property in their name directly. This reinforces the claim of the story that a will is important for those bequeathing their property as well as the those inheriting it.
The travel section introduced in your last issue (More Mileage from the Weak Dollar, 31 May) is very timely now that the summer vacations are on. Holidaying abroad has become a more feasible option for many of us. It would be great if you also included overseas packages in the Hot Deals section.
Vinita Gupta
Bangalore
Thank you for your suggestion. It is our endeavour to help you make the most of your travel budget. Watch this space for more options.
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