Family Assets

YS Jagan Reddy and his sister Sharmila are embroiled in a multi-crore inheritance dispute, mother's support for daughter in open letter intensifies tussle

'Shift is driven by favourable valuations and the diminishing stigma associated with selling a family business'

Godfrey Phillips family inheritance feud: Samir Modi has accused his mother, Bina Modi, her personal security officer, and others of causing him 'grievous hurt'

Each family may sell the shares it holds personally and/or via trusts to the other family in tax-neutral transactions

The family has now called a temporary truce, but the long-running and rancorous dispute has put at stake the future governance of the Anglo-Indian empire

Crishna is married to Smita Crishna-Godrej who owns one-fifth stakes in the Godrej family assets

The life insurance kind of 'statutory nomination', which confers final ownership on the nominee, is the need of the hour for all assets

This vehicle ensures fewer family disputes and smooth distribution of wealth