Business
Benefits Of Smartphones In Daily Life
Smartphones need no introduction, yet it always has our attention owing to its multi-folded exciting applications that we can’t seem to get enough.
Smartphones need no introduction, yet it always has our attention owing to its multi-folded exciting applications that we can’t seem to get enough. This pocket-friendly gadget is almost less than just a couple of decades old and has been nothing short of fascination with constant evolution making our daily routine effortless. How? Read further to know more.
Table of Contents
1. Time-Saving
Let’s rewind to the ‘before’ and ‘after’ of smartphones to have a clear view of its time savior role. Several devices to one include the morning alarm clock, calendars, camera, map, address book, contacts, wall clock, torch, newspaper, radio, TV, etc. If you want to try out the new smartphones and their features before buying it, you can try mobile phones on rent.
2. Safety
Safety of everyone, especially for women, children, and other vulnerable victims. With GPS, INDIA’s IRNSS, the feeling of security had become much better with emergency calls, which had just been the advantage of crime perpetrators before. This leads to a smooth daily life, preventing anxiety for many of us.
3. Accessible Information
In this 4G era of information pollution, on the positive side, it does help every individual on their needs of clarifications and 101s immediately met. Audiobooks & podcasts have been a blessing in disguise to everyone, especially the visually challenged community.
4. Navigation
Irrespective of the google maps incorrect navigation memes, it becomes handy when we’re lost and stops us from falling into pits ahead, which would have been impossible in any isolated areas.
5. Efficiency
In general, smartphones & its applications have proven efficient. Still, more depth of efficiencies have been explored and have been growing ever since global lockdown because of our common enemy COVID 19.
E-commerce made Amazon the richest in the world during this 2020 lockdown, needless to talk about many offline services, making their way into online services, it only gets easier for us consumers daily. One can also furniture like chairs, wardrobes, and beds on rent.
6. Empower The Poor
Safety, delivering education, improves transparency (CVigil app) and roots out corruption, strengthens democracy (RTI), Internet banking, access to market (for farmers-eMandi), online medical consultation mostly avoiding transportation costs from remote villages is empowerment.
7. Communication
We are saving the best for the last! From the times of getting rental internet service at a nearby cabin of computers exclusively to access the then debut social media networks such as ORKUT/FACEBOOK, mail checking until now it’s a huge relief to contact our near and dear ones with a tap on the phone.
Social media helped explore the whole world from different communities & uniting them and revolutionize our thinking process. Not to forget #MeToo – a classic example of how such a trend online can change workplace sexual harassment ease up in women’s lives.
The list is endless as we dwell more into this smartphone online world every day, falling in love with making the best use of it for us. This smartphone society is much more inclusive and friendly than the offline community. So let’s stay smart, self-dependent, and more connected. Data is a new wealth!
Business
Navigating the Process of Selling Deceased Estate Shares
This article aims to provide a comprehensive guide to selling shares from a deceased estate. Process of Selling Deceased Estate Shares.
Table of Contents
1. Understanding the Basics of Selling Deceased Estate Shares
Dealing with a deceased estate can be a challenging and emotional process, especially when it comes to handling financial assets like shares. This article aims to provide a comprehensive guide to selling shares from a deceased estate.
2. What are Deceased Estate Shares?
Deceased estate shares refer to the stocks and shares that were owned by an individual who has passed away. These shares become part of the deceased’s estate and are subject to the terms of their will or estate plan.
3. The Importance of Valuing the Shares
The first step in selling deceased estate shares is to obtain a current valuation. This valuation is crucial for several reasons: it helps in distributing the estate among beneficiaries, it may be necessary for tax purposes, and it gives an idea of the market value of the shares.
4. Legal Requirements and Executor Responsibilities
The executor of the estate plays a pivotal role in the management and distribution of the deceased’s assets. This section will cover the legal responsibilities and steps the executor needs to take to lawfully sell the shares.
5. Obtaining Probate
Before any action can be taken with the shares, it’s often necessary to obtain probate. Probate is a legal process that confirms the executor’s authority to deal with the deceased’s assets.
Transferring Shares into the Executor’s Name
Once probate is granted, shares may need to be transferred into the name of the executor. This process varies depending on the company and the type of shares.
6. The Process of Selling Shares
After completing legal formalities, the executor can proceed with selling the shares. This section will outline the steps involved in this process, including choosing a brokerage or financial service, understanding market conditions, and making informed decisions.
Deciding on the Right Time to Sell
Timing can significantly impact the returns from selling shares. Executors need to consider market conditions and financial advice to determine the best time to sell.
Completing the Sale
This subsection will detail the actual process of selling shares, including placing orders, handling transaction fees, and ensuring all regulatory requirements are met.
7. Navigating Tax Implications and Reporting
Managing tax obligations is a critical aspect of selling deceased estate shares. This section will explain the potential tax implications and the importance of accurate reporting for both capital gains tax and inheritance tax considerations.
Understanding Capital Gains Tax Responsibilities
When shares are sold, any profit made from the time of the deceased’s passing to the sale date may be subject to capital gains tax. Executors need to be aware of these implications and plan accordingly.
Inheritance Tax Considerations
In some jurisdictions, the value of the deceased estate’s shares might impact inheritance tax calculations. It’s essential for executors to understand these aspects in order to ensure compliance with tax laws.
8. Common Challenges and How to Overcome Them
Selling deceased estate shares can present unique challenges. This section will discuss common issues such as disputed wills, fragmented information about the shares, and market volatility.
Dealing with Disputed Wills and Beneficiary Disagreements
Disputes over the will or disagreements among beneficiaries can complicate the process. Executors must handle these situations delicately and legally.
Managing Market Volatility
Shares can be subject to market fluctuations. Executors should be prepared for this volatility and may need to consult financial advisors to navigate these waters effectively.
9. Tips for Executors Handling Deceased Estate Shares
This section will provide practical advice for executors, including the importance of seeking professional advice, keeping thorough records, and communicating clearly with beneficiaries.
Seeking Professional Financial and Legal Advice
The complexity of selling shares from a deceased estate often necessitates professional advice. This can range from legal counsel to financial advisory services.
Record Keeping and Communication with Beneficiaries
Maintaining transparent and thorough records is crucial. Executors should also prioritize clear and consistent communication with all beneficiaries to avoid misunderstandings.
Conclusion
Selling shares from a deceased estate is a responsibility that requires careful attention to legal, financial, and interpersonal dynamics. By understanding the process, staying informed about tax obligations, and tackling challenges head-on, executors can fulfill their duties effectively and respectfully.
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