Transfer of Property to Children
Out of love for the children, they transfer their property to the children and here we have a multi Billionaire man giving out has apathy that how his son has thrown him out of the house moment he transferred the 33% company rights to his son.
Have a look at the video and do not get blinded by the love for their children as if you have given them everything on the platter, then how they are going to face the worldly pressures.
We are disappointed with Raymond's heir as it takes ages to build an empire and now the father is living in a rented apartment. Listen to Mr Vijaypat Singhania's sad tale of the fate he met at the hands of his son.
The lesson learnt is that if you a big empire let a trust transfer the assets to your heirs as per your will post your demise and if limited assets are transferred to heirs by virtue of a will.
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