Ratan Tata will: Charity gets most share, Shantanu Naidu's loan waived off

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Ratan Tata will: Charity gets most share, Shantanu Naidu's loan waived off - Business Standard

Quick Summary:

According to his will, “If any of the three chooses to take over any of my other assets like car, painting, etc, its value will be determined by the three values and taken out of public auction, and such value will be part of each one’s one-third share.

However, Tata in his will mentioned that anybody who will contest or challenge his last will, will forgo all rights and benefits and will not be getting any legacy and they will have no right over any part of his estate.

Last week, the executors of Tata’s will filed a petition in the Bombay High Court to probate it (a legal process where the court validates the will of the deceased after confirming its authenticity and allowing the executor to manage the property as stated in the will).