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startupstorymedia · 2 years
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Aasaan Will: Making Succession Plan And Will Writing Easier
“I was amazed to know that the total unclaimed amount lying with RBI is Rs. 48,262.85 Crores (~5.87Billion USD). This is called the DEAF fund – The Depositors Education and Awareness Fund, maintained and managed by the RBI. ” Said Mr Vishnu Chundi
Vishnu Chundi graduated from BITS Pilani with a degree in engineering and began working for Bain and Company. He has done MBA from the London Business School and his Masters in Nanotechnology after which a family crisis made him go ahead withAasaan Will
. When his family suffered an unexpected loss, He wished AasaanWill was around at that time. When his uncle passed away, both his immediate family and the rest of his extended family had a difficult time locating his assets and making sure they were transferred to the right people.The Company Overview And Functioning
Launched in March 2022, Aasaan Will
assist Indians in creating their estate plans and wills. Writing a current will is an expensive, challenging, time-consuming, and offline process.AasaanWill provides 100% legally valid wills within 20 minutes from the convenience of your home for a small fraction of the cost of an attorney. Techstars and a number of great angels from Europe, North America, and India are supporting the company.
For the purpose of assisting financial institutions in better retaining their current clientele and attracting new ones, Their goal is to safeguard your assets both today and in the future. They currently have roughly 10 lawyers spread out over India in different cities, making up a rather small team. They have more than 50 years of combined experience, and the founder, Vishnu, is based in Hyderabad with a small operational and administrative team to support the organization’s efficient functioning.
If you have a will in place, your family, friends, or relatives will be able to carry out your final intentions far more quickly and easily. Without a will, the procedure might take longer, be more stressful, and give rise to more disagreements because there wouldn’t be as much clarity. Without going through a court process, your executor(s) will be able to nearly immediately seize the assets. The amount of inheritance tax owed on the value of the assets and money you leave behind might be decreased with the use of a will. Your tax savings will grow as a result.
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