Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Probate now optional: But skipping court approval can backfire
Business Standard
|January 02, 2026
Probate is a legal process through which a court formally recognises a will’s validity and an executor’s authority to distribute the estate.
The government's recent decision to remove the mandatory requirement of probate for certain wills has simplified succession procedures on paper. However, legal and estate-planning experts caution that voluntary probate still plays a critical role in many real-world situations, particularly where disputes, complex assets, or institutional checks are involved.
When voluntary probate still makes sense
This story is from the January 02, 2026 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
Andhra corners 25.3% of FY26 investments
Fresh outlay plans up 11.5% at ₹26.6 trillion
2 mins
January 03, 2026
Business Standard
Apple leads ECMS drive, ties up with five anchor vendors
In a major push to build a robust electronic components ecosystem in India, Apple Inc has signed up with five leading companies global majors and top Indian conglomerates as anchor vendors.
2 mins
January 03, 2026
Business Standard
Crackdown on protests: Trump threatens Iran of intervention
US President Donald Trump threatened on Friday to come to the aid of protesters in Iran if security forces fire on them, days into unrest that has left several dead and posed the biggest internal threat to Iranian authorities in years.
1 min
January 03, 2026
Business Standard
Will govern NYC 'audaciously', says Mamdani
Indian-origin politician Zohran Mamdani vowed to govern \"expansively and audaciously\" and deliver an agenda of affordability for New Yorkers as he thanked his family from \"Kampala to Delhi\" after being sworn-in as the 112th Mayor of New York City.
1 min
January 03, 2026
Business Standard
Centre okays 22 proposals worth ₹42K cr under ECMS
TDK India, BPL, Foxconn arm among firms to get approval
2 mins
January 03, 2026
Business Standard
FPIs buy ₹7.5K cr domestic debt on Jan 1
This marks highest single-day inflow since May 29, 2025
1 mins
January 03, 2026
Business Standard
BYD rides past Tesla as biggest EV maker
Musk firm’s 2025 sales down 8.6% in 2nd straight fall
1 mins
January 03, 2026
Business Standard
Govt panel reviews foreign banks' plan to open branches in India
The inter-departmental committee (IDC), chaired by Department of Financial Services (DFS) Secretary M Nagaraju, on Friday considered the proposals received from the Reserve Bank of India (RBI) for foreign banks seeking to open branches, representative offices or subsidiaries in India.
1 mins
January 03, 2026
Business Standard
Deposit rate cuts tough for banks as govt retains small savings rates
Banks may find themselves in a bind when it comes to reducing interest rates on deposits, as the government has retained interest rates for a dozen small savings schemes, including the Public Provident Fund (PPF), Sukanya Samriddhi Yojana, and others, for the March quarter.
2 mins
January 03, 2026
Business Standard
GST Council may convene within 15 days to discuss tax on purifiers
The Goods and Services Tax (GST) Council is likely to meet within the next 15 days to consider reducing the indirect tax rate on air and water purifiers to 5 per cent, amid growing public health concerns, people privy to the development said.
2 mins
January 03, 2026
Listen
Translate
Change font size