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At the time assets are identified if any
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PostPosted: 07 Nov 2019 03:11:39    Post subject:  At the time assets are identified if any
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Online shopping scenario in india
Posted On : May-18-2011 | seen (625) times | Article Word Count : 409 |

The craze for Online Shopping in India is increasing day by day. People are now opting for shopping online rather than buying commodities from the shops or malls as Internet shopping has amazing advantages over the traditional ones.

Online Shopping in India is evolving fast and has the potential to grow exponentially
, with the internet penetration growing far and wide.

Now a days Indian e-commerce is getting mature. Indians are increasingly seen using the internet to get more information and to shortlist preferences. When it comes to online shopping, Indians are proving that they can surely beat the world. Average middle class Indians are getting more tech-friendly in terms of consumer electronics
, changing the way India shops.

The customers can easily compare the prices of any product among different vendors . Online shopping stores put the convenience of shopping at our finger tips. The traditional Indian mindset about shopping is conservative. Consumers want to touch and feel the product before buying it, and also make sure that they get the best bargain
, the best deal. But with modernization and the ultra fast pace of life today, the scene has changed. The constraint of time is one of the big reasons of the increasing dependencies on Online Shopping .

There are many benefits of buying the products on-line. Wide variety of products are available in portals. People don't need to go to markets or malls in search of better deals. One can find
everything here and also individuals can shop at anytime of the day. These portals are open 24 hours and 365 days. A person can save lot of their precious time. Buyers can also get lots of variety and best deals here. They can also compare the product prices and find themselves with a better option.

Online Shopping has been revolutionized by the presence of a large number of Online Shopping Store Portals in India that offer wide variety of products. And it doesn鈥檛 stop with variety
, today there are online shopping portals that offer discounted rates, free shipping all over India .

As there are large number of online shopping sites it would become rather impractical to keep track of the various best online deals offered by many online shopping sites in India.

is an online shopping site that lists the various hottest and best online deals in India from popular online stores. Bestbuy offers an exclusive one-stop-shop for net-savvy Indian
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For more details visit:
An executor of the will is basically the person that is named in the will through the deceased for administering the estate after the death. In case there is no will then the court will appoint an executor on the basis of the state law where deceased resided. Executorship can be done in the right manner when he or she is able to fulfill his wishes and obligations to rightly allocate assets to the beneficiaries and makes payments to the creditors of the Will.

The first executorship duty is to identify and collect the assets of the deceased. This refers that he or she needs to find out all assets like bank accounts
, retirement accounts, stock
, real property and personal property etc that belongs to the deceased at the time of death. Executor requires offering a list of all these assets in the court. Protect these assets through securing them, closing accounts or obtaining insurance as required.

At the time assets are identified if any debts owed by the deceased during the time of death needs to be paid out of the estate. Creditors need to give notice on the executor about the fact and the amount of debt and these needs to be approved from the executor. In case the amount of debt is more in comparison to assets of the estate then the executor will be required to apportion the payments the creditors approved.

In case the assets remain once the creditors are paid the executorship must distribute those assets to the beneficiaries of the deceased according to the Will. In cased there is no will then the assets will be distributed to the beneficiaries on the basis of the probate code.

Lastly executorship comprises of settling the estate through filing a notice with the probate court that the estate is closed and all the claims of the creditors have been paid and the remaining assets if any are distributed to the beneficiaries according to the state probate code.

These all things will be done by the executor. There are some of the states where they offer payment to the executor for carrying out these responsibilities and duties. However the amount is no.
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PostPosted: 07 Nov 2019 03:11:39    Post subject: Adv

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