Business
Feel Cheated By Your Family Will? Legal Rights You Must Know
In case of an unfair will, one must understand that unfairness alone is not a legal ground. Experts states, each individual is free to dispose of owned property in a manner they desire. Whether such dispositions are unfair may not be relevant, as India recognises testamentary freedom. (Image: Canva)
However, in case the will appears suspicious, it is important to act promptly and gather evidence to substantiate claims and consult a legal professional to assess the way forward. (Image: Canva)
Reportedly, a will can be challenged on grounds of lacking formal validity, executed in suspicious circumstances, lack of testamentary capacity, fraud or undue influence or coercion, preventing the testator from exercising free will. (Image: Canva)
In order to prove pressure, fraud or lack of mental clarity, courts need clear evidence before striking down a will. As per Section 59 of the Indian Succession Act, only a person of ‘sound mind’ is recognised as capable of making a will. (Image: Canva)
To prove lack of testamentary capacity or undue influence, evidence like medical records, witness testimonies about the testator’s mental state is needed to be presented before the court. (Image: Canva)
Notably, a testator has the right to distribute their self-acquired property as they wish, even if it means excluding their next-in-line or Class I heirs from their estates. (Image: Canva)
Additionally, registration is entirely optional and does not validate a will. As per experts, an unregistered will carries the same legal force as a registered one, provided it meets the essential requirement of law. (Image: Canva)
If a will collapses in court, the law steps in eventually. A will can only be challenged for strong legal reasons. (Image: Canva)
It is unusual for a senior figure at the Bank to be so forthright on market movements.
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Consumer confidence has fallen for the third consecutive month amid household “jitters” over rapid price rises, figures show.
GfK’s long-running consumer confidence index fell four points to minus 25 in April, following falls of two points and three points in March and February respectively.
The deepening concern was driven by perceptions of the UK economy, with a six-point slide in confidence for the next 12 months to minus 43, its lowest level since February 2023.
Confidence in personal finances over the coming year fell five points to minus four – one point lower than this time last year.
The major purchase index – an indicator of confidence in buying big ticket items – held steady, albeit at minus 18 but one point better than last April.
The only measure to improve was the savings index – often an indication that households are concerned about their finances and looking to build contingency funds – which is up five points to 32.
Neil Bellamy, consumer insights director at GfK, said: “Consumers really do have the jitters now.
“It is a year since we last saw a monthly drop of this size, and we have to go back to October 2023 to find the last time consumer confidence was lower.
“Everyone is grappling with rapid price rises, especially at the fuel pumps, which are taking a dent out of household budgets, and people know further price hikes are coming.
“Consumer confidence is deteriorating sharply, with fuel prices and threats of more energy price increases acting as constant reminders of inflation.
“While the Gulf crisis is intensifying pressures, much of the current strain reflects earlier domestic cost increases.
“How long can all this disruption and pain continue?”
People walk past a Nike store in New York City, on April 2, 2025.
Kylie Cooper | Reuters
Nike announced a new round of layoffs Thursday affecting approximately 1,400 employees across the organization, mostly concentrated in its technology department.
In a note from COO Venkatesh Alagirisamy, the company said the layoffs were part of Nike’s broader “Win Now” turnaround strategy aiming to reshape its technology team, modernize its Air manufacturing, move some of its Converse Footwear operations and integrate its materials supply chain work into its footwear and apparel supply chain teams.
“Collectively, these changes will result in a reduction of approximately 1,400 roles in global operations, with the majority in technology,” Alagirisamy wrote. “These reductions are very hard for the teammates directly affected and for the teams around them, too.”
A Nike spokesperson said the layoffs are about better positioning the organization for the current pace of sports and accelerating its growth. The layoffs affect employees across North America, Asia and Europe and represent less than 2% of the company’s total global head count.
“This is not a new direction,” Alagirisamy wrote. “It is the next phase of the work already underway.”
Affected employees will be notified beginning Thursday, Nike added.
CEO Elliott Hill has been working to turn Nike around after years of slumping sales. While Hill has made some initial progress, it’s come with some bumps in the road.
Nike announced 775 job cuts in January, primarily at its U.S.-based distribution centers, due to the company’s work in accelerating its use of automation. At the time, the company said the cuts are part of Nike’s goal to return to “long-term, profitable growth.”
Those layoffs came on top of a round of cuts last summer that affected less than 1% of Nike’s corporate staff as part of the company’s efforts to realign the business.
In its third fiscal quarter earnings report last month, the retailer warned that sales will continue to fall for the rest of the year, primarily led by an anticipated 20% decline in China during the current quarter.
— CNBC’s Jessica Golden contributed to this report.
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