Make assets accessible to heirs: Take time to consider operational, procedural aspects of investing

There was unexpected panic after a friend’s child recently turned 18. The parents had been investing all the monetary gifts he received meticulously in his name. They held bank accounts, mutual funds and also a demat account into which the shares gifted by the grandfather were kept. To fund his higher education, they decided to use this money, only to be told that they can no longer operate the accounts, as the boy had now turned major. While I